Q:
A:
GDP in 2013 grows by 2.5% against 2012
Belgrade,
31 March 2014
The Serbian Statistical Office stated today that the annual gross domestic product at constant prices in 2013, obtained as the sum of four quarters, increased by 2.5% compared to 2012.
The real growth by quarters in 2013, compared to the same quarters of the previous year, equalled to: the first quarter 3.0%, the second quarter 0.5%, the third quarter 3.8% and the fourth quarter 2.7%.
According to seasonally adjusted GDP data, the economic performance decreased by 1.0% in the fourth quarter of 2013, as compared to the previous quarter.
Observed by activities, in the fourth quarter of 2013, compared to the same quarter of the previous year, significant real growth in the gross value added was noted as follows: in the section of electricity, gas and steam supply – 6.8%, the section of information and communication – 6.4%, the section of transportation and storage – 4.1% and the section of mining and quarrying – 3.9%.
Significant fall in the gross value added was recorded in the section of construction – 17.3% and the section of financial and insurance activities – 3.1%.
Observed by expenditure aggregates, in the fourth quarter of 2013, compared to the same quarter of the previous year, all aggregates, except gross fixed capital formation, recorded a real growth.
The growth is recorded in the final consumption expenditure of households – 0.2%, the final consumption expenditure of non-profit institutions serving households – 2.9%, the final consumption expenditure of general government – 1.0%, exports of goods and services – 16.7% and imports of goods and services – 4.6%.
The gross fixed capital formation in real terms decreased by 4.9%, it is added in the statement.
According to seasonally adjusted GDP data, the economic performance decreased by 1.0% in the fourth quarter of 2013, as compared to the previous quarter.
Observed by activities, in the fourth quarter of 2013, compared to the same quarter of the previous year, significant real growth in the gross value added was noted as follows: in the section of electricity, gas and steam supply – 6.8%, the section of information and communication – 6.4%, the section of transportation and storage – 4.1% and the section of mining and quarrying – 3.9%.
Significant fall in the gross value added was recorded in the section of construction – 17.3% and the section of financial and insurance activities – 3.1%.
Observed by expenditure aggregates, in the fourth quarter of 2013, compared to the same quarter of the previous year, all aggregates, except gross fixed capital formation, recorded a real growth.
The growth is recorded in the final consumption expenditure of households – 0.2%, the final consumption expenditure of non-profit institutions serving households – 2.9%, the final consumption expenditure of general government – 1.0%, exports of goods and services – 16.7% and imports of goods and services – 4.6%.
The gross fixed capital formation in real terms decreased by 4.9%, it is added in the statement.
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