BELGRADE, March 11 (Xinhua) -- Serbia recorded real GDP growth of 3.9 percent in 2024, making it the second-fastest-growing economy in Europe after Malta, according to the latest Macroeconomic Analyses and Trends (MAT) report published on Tuesday.
The report, issued by Serbia's Chamber of Commerce and Industry and the Economics Institute, cited Eurostat data assessing real GDP dynamics across European countries.
According to Serbia's statistical office, the country's GDP expanded by 3.3 percent year-on-year in the fourth quarter of 2024, bringing full-year growth to 3.9 percent.
Despite economic challenges in the eurozone and ongoing geopolitical risks, Serbia's industrial production increased by 0.4 percent year-on-year in January, driven by a 2.6 percent expansion in the manufacturing sector, the report noted.
Meanwhile, the average net salary rose to 926 euros (1,012 U.S. dollars) in December. Inflation remained under control, standing at 4.3 percent year-on-year in December and 4.6 percent in January.
Foreign direct investment (FDI) continued to rise, with net inflows reaching 4.6 billion euros in 2024, an increase of 338.8 million euros, or 7.9 percent, from the previous year. Total FDI from non-residents climbed 14.2 percent to 5.2 billion euros. (1 euro = 1.09 U.S. dollar)
