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Serbia's Q4 GDP up 6.2 percent

Christian Fernsby |
Serbian Q4 2019 GDP was 6.2 pct higher in real terms compared to the same period of the year before, the national statistical office RZS has announced.

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Topics: SERBIA    GDP   

"According to seasonally adjusted GDP data, gross domestic product increased 1.7 percent in the fourth quarter of 2019, compared to the previous quarter."

"Observed by activities, in the fourth quarter of 2019, compared to the same quarter of the previous year, significant real growth in the gross value added was recorded in the section of construction 48.3 pct, the section of information and communication 8.2 pct and the section of wholesale and retail trade; repair of motor vehicles and motorcycles; transportation and storage and accommodation and food service activities 8.1 pct.

Observed by expenditure aggregates, in the fourth quarter of 2019, compared to the same quarter of the previous year, real growth was noted as follows: the household final consumption expenditure 3.1 pct, the nonprofit institutions serving households (NPISH) final consumption expenditure 2.7 pct, the general government final consumption expenditure 2.5 pct, gross fixed capital formation 29.6 pct, the exports of goods and services 8.7 pct and the import of goods and services 11.4 pct," it said.


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