Agriculture Sector Contribution to GDP in Serbia (1990-2022)

Agriculture Sector Contribution to GDP in Serbia (1990-2022)

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TGM StatBox. (2024). Agriculture Sector Contribution to GDP in Serbia (1990-2022). TGM StatBox.
Chart Details
Timeframe: 1990-2022
Country: Serbia
Published date: 2024
Note: Agriculture (% of GDP), according to World Development Indicators, measures the contribution of the agricultural sector to a country's Gross Domestic Product (GDP). This metric reflects the economic significance of activities such as farming, forestry, and fishing, indicating the value generated by agriculture relative to the overall economy.
Key Takeaways
Serbia’s agriculture sector contributed over 16% to GDP in the mid-1990s but declined steadily to 6.5% by 2022. This reduction reflects Serbia’s transition to a market economy and diversification into manufacturing and services. Sharp declines, such as from 14.7% in 2001 to 8.1% by 2003, mark periods of restructuring as the country opened up economically.

Recent stability around 6-7% indicates the sector’s continued relevance, particularly for rural employment and export commodities. Agriculture remains a critical part of Serbia's economy, despite its reduced GDP share.

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