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Home >> Business
UPDATED: 08:16, March 31, 2006
Serbia's GDP up 6.3 percent in 2005
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Serbia's Gross Domestic Product (GDP) increased by 6.3 percent in 2005, higher than the projected 4.5 percent, the Serbian Statistics Office said on Thursday.

By quarters, the GDP increase in 2005 was 5.6 percent, 7.3 percent, 6.4 percent and 5.9 percent, said a statement released by the office, adding that Serbia's GDP increased at an average annual rate of 5.5 percent from 1999 until 2005.

The economy advanced by a 23 percent rise in transport services, a 21.9 percent growth in retail trade and a 16.9 percent expansion in financial services, said the statement.

It added that agriculture posted a decline of 5.2 percent and construction declined by 7 percent.

Source: Xinhua

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