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Nov 30, 2017 14:12 EEST
BELGRADE (Serbia), November 30 (SeeNews) – Serbia's Gross Domestic Product grew by a real 2.1% year-on-year in the third quarter of 2017, the country's statistical office said on Thursday, confirming its flash estimate issued last month.
On a quarterly comparison basis, Serbia's economy expanded by 1.6% in the third quarter of 2017, the statistical office said.
The third quarter of 2017 saw a significant real growth of gross value added in the sectors of industry, water supply and wastewater management, of 6.1% year-on-year, while the construction sector expanded also by 6.1%. The sectors of wholesale and retail trade and repair of motor vehicles, transport and storage and accommodation and food services, added 5.0% each.
The drop in gross value added was recorded in the sector of agriculture, forestry and fisheries of 11.1%.
Among GDP components, households' expenditures on final consumption increased by an annual 1.7% in the third quarter, whereas general government expenditures on final consumption grew by 1.0%.
Gross fixed capital formation increased 6.2% year-on-year in the third quarter, exports of goods and services expanded by 11.4%, while imports of goods and services grew by 10.7%.
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