economy

May 3, 2026

Serbia and the IMF: GDP Growth Significantly Higher Than Expected

First Deputy Prime Minister of Serbia and Minister of Finance Siniša Mali met today with a delegation of the International Monetary Fund (IMF) Mission led by Annette Kyobe and stated that the flash estimate of Serbia's GDP growth in the first quarter is three percent, which is significantly above the initially planned dynamic.

Serbia and the IMF: GDP Growth Significantly Higher Than Expected

TL;DR

  • Serbia's GDP growth in Q1 is estimated at 3%, exceeding the planned 2.6%.
  • Industrial production rose by 6.4% year-on-year, with manufacturing up 11.4% month-on-month.
  • Retail trade saw a real growth of 14%, indicating strong domestic demand.
  • Projections for 2026 are around 3% growth, revised to 4.5% for 2027.
  • Serbia plans to host a major Expo exhibition in the coming year, expected to boost growth.
  • Fiscal policy aims for a deficit of 3% of GDP in 2026-2027, reducing public debt.
  • Public debt has decreased from 44.4% in 2025 to around 41.7% of GDP.
  • Public investments are projected at 6.7% of GDP, considered a key growth driver.
  • The country emphasizes its commitment to reforms and the European path.
  • Energy security and precautionary measures against global instability are key discussion topics.

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