The real growth of the gross domestic product (GDP) of Serbia in the second quarter of 2021, in relation to the same period of the previous year, amounted to 13.7 percent, the Republic Bureau of Statistics announced today. The seasonally adjusted data series shows GDP growth in the second quarter of 2021 of 1.3 percent compared to the previous quarter.
Observed by activities, in the second quarter of this year, compared to the same period last year, significant real growth of gross value added was recorded in the wholesale and retail trade and repair of motor vehicles, transport and storage and accommodation and food services, 33.3 percent.
Growth was also in the sector of industry and water supply and wastewater management, 13.5 percent and in the sector of professional, scientific, innovative and technical activities and administrative and auxiliary service activities, 30.9 percent.
Industrial production increased by 1.7 percent
When it comes to industrial production, in July 2021, it was 1.7 percent higher than a year ago. According to the Republic Bureau of Statistics, in the period from January to July this year, industrial production is higher by 7.8 percent compared to the same period in 2020.
In July 2021, industrial production, observed by sectors, was higher in mining by 7.1 percent, in the electricity, gas, steam and air conditioning sector by 1.6 percent and in the processing industry by 1.2 percent.
In July 2021, compared to July 2020, industrial production increased in 16 areas, which make up 64% of the structure, and fell in 13 areas, whose share is 36%.
The biggest impact on the growth of industrial production in July 2021, compared to July 2020, had the production of coke and petroleum products, production of tobacco products, production of other vehicles, exploitation of metal ores, and production of machinery and equipment.
The production of small enterprises with less than 50 employees not covered by the regular statistical survey is monitored on a sample of selected units from the manufacturing sector and when these data are included, industrial production in July 2021, compared to the 2020 average, is higher by 3.6 percent, and in the processing industry it is higher by 6.4 percent, BiF reports.
