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

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

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TGM StatBox. (2024). Manufacturing Sector Contribution to GDP in Serbia (1990-2022). TGM StatBox.
Chart Details
Data Source: World Development Indicators.
Timeframe: 1990-2022
Country: Serbia
Published date: 2024
Note: Manufacturing (% of GDP), according to World Development Indicators, measures the contribution of the manufacturing sector to a country's Gross Domestic Product (GDP).
Key Takeaways
Serbia’s manufacturing sector contribution decreased significantly from 23.5% in 1995 to 13.5% in 2022. The decline reflects the country's transition challenges and competition from EU economies. Recent data shows stabilization around 13-15%, indicating resilience in certain industries like machinery and chemicals, but limited growth in high-tech manufacturing. Serbia's evolving industrial policy aims to strengthen the sector, despite historical challenges.

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