Palata Narodne banke, izgrađena u stilu neorenesansnog akademizma, predstavlja jedno od najvećih i najlepših ostvarenja u Beogradu u 19. veku, zbog čega je svrstana u spomenike kulture pod zaštitom države...
31.12.2025.
According to the SORS estimate, in 2025, Serbia posted real GDP growth of 2.0% reflecting upturns in most service sectors and industry. A decline was recorded in the construction and less so in agriculture due to unfavourable weather conditions. The physical volume of industrial production grew by 1.0%, with manufacturing going up by 1.2%. The slackening in manufacturing since October has been largely a consequence of problems in the production of petroleum products, while a considerable production rise this year was recorded in the production of motor vehicles and automobile tyres. Mining growth came at 4.4%, while the energy sector recorded a decline of 2.0%, driven by reduced hydropower potential due to the drought.
The service sector growth is indicated primarily by the estimated real increase in turnover in retail trade (4.2%), catering (1.5%) and transport (4.7%). On the other hand, the number of tourist overnight stays went down by 3.3% y-o-y. Reduced activity in construction is indicated by the 8.4% lower value of executed works, producing modest growth in fixed investments of 0.9%. SORS estimates a 0.3% decline in agricultural production.
Average annual inflation in 2025 stood at 3.8%. According to a SORS estimate, December y-o-y inflation was 2.8%, which is within the NBS target band of 3±1.5%.
Favourable labour market trends continued into 2025, with a rise in wages and living standards, as well a further reduction in unemployment. Average nominal wage rose by 11.2%, with a real increase of 7.1%, preserving the purchasing power of the population. According to the Labour Force Survey, the unemployment rate stood at 8.2% in Q3.
When it comes to external trade trends, according to SORS, goods exports are estimated to have grown by 8.0% in 2025, despite a low external demand, as a result of rising export capacities, in the automobile industry primarily. At the same time, estimates suggest that goods imports have risen by 7.3%, driven by the continued rise in imports of intermediate goods and equipment, as well as higher imports of consumer goods resulting from a higher disposable income.
Governor's Office
