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

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

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TGM StatBox. (2024). Services 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: Services (% of GDP), according to World Development Indicators, measures the contribution of the services sector (such as retail, finance, healthcare, and tourism) to a country's GDP.
Key Takeaways
In Serbia, the services sector expanded from 42.2% in 1995 to around 51% in the 2010s, reflecting economic restructuring and growth in IT, finance, and retail services. The 2009 global recession and regional challenges saw services’ GDP share rise temporarily to 51.6%. From 2016, contributions stabilized around 50-52% as the sector grew with advancements in digital services and increased foreign investment. By 2022, services reached 52%, highlighting their steady role as Serbia aligns its economy with EU integration goals and focuses on enhancing IT and business process outsourcing sectors.

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