February 28 (SeeNews) - Serbia’s real GDP growth slowed to an annual 2.5% in the fourth quarter of 2016, from 2.8% in the previous quarter, the country’s statistic office said on Tuesday.
According to seasonally adjusted data, annual economic growth in the fourth quarter stood at 0.2%, following an increase by 0.5% in the third quarter of the year, data published on the statistics office website showed.
The fourth quarter of 2016 saw significant real growth in gross value added in agriculture – by 8.1%, and in wholesale and retail trade – by 3.9%.
A real decline in the gross value added was recorded in the real estate sector – by 0.1%.
Household final consumption expenditure increased by a real 1.0% annually in the fourth quarter, whereas general government final consumption expenditure grew by 2.3%.
Gross fixed capital formation rose 2.6%, the exports of goods and services expanded by 13.8% and the import of goods and services increased by 5.9% annually in the fourth quarter.