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In the second quarter of 2025, Serbia’s economy demonstrated a year-on-year growth of 2.1%, slightly surpassing the preliminary forecast of 2.0% and accelerating from a revised 1.9% expansion in the first quarter of 2025. This growth was largely fueled by increased household consumption, which rose by 3.0% compared to a 1.6% rise in Q1, and government spending, which grew by 3.7%, a significant uptick from the earlier 0.5%. On the international trade front, both exports and imports experienced slower growth rates, with exports increasing by 4.6%, down from 8.6%, and imports rising by 9.8%, compared to 11.3% previously. However, gross fixed capital formation witnessed a decline of 4.0%, deteriorating from a 0.8% decrease in the first quarter. Seasonally adjusted, the Serbian economy saw a quarterly growth of 1.1% in Q2, recovering from a 0.6% contraction in Q1 2025.