The gross domestic product (GDP) of Serbia last year amounted to about EUR 60 million, which is a nominal increase of 13.2 percent compared to 2021, and a real increase of 2.5 percent, the Republic Statistical Office (RZS) announced.
The sectors of manufacturing industry (13.5 percent), wholesale and retail trade, as well as motor vehicle repairs (12 percent) and real estate business (6.9 percent) had the most significant participation in GDP growth.
The share of GDP expenditure for individual household consumption was 67.1 percent, for individual consumption of the state sector 9.4 percent, and for collective consumption of the state sector 6.8 percent, gross investment in fixed assets 24.2 percent, costs of exporting goods and services 63.8 percent and import of goods and services 74.8 percent.
Real growth in gross value added (GVA) was in the accommodation and food services (32 percent), mining (23.3 percent) and arts, entertainment and recreation (9.2 percent) sectors.
The real decline in VAT was recorded in the construction (9.8 percent), agriculture, forestry and fishing (8.3 percent) and electricity, gas, steam and air conditioning (6.8 percent) sectors.
GDP expenditures recorded real growth in household consumption (3.9 percent), individual consumption of the state sector (0.2 percent), collective consumption of the state sector (0.6 percent), gross investments in fixed assets (1.9 percent), export of goods and services (16.6 percent) and import of goods and services (16.1 percent).
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