# Serbian economic growth and inflation trends

> Live situation record from CLSTR: https://clstr.news/situations/serbian-economic-growth-and-inflation-trends
> Updated: 2026-08-22T07:03:11.000Z. Sources: 11. Developments: 2.

The National Bank of Serbia (NBS) reported a slowdown in annual inflation to 1.9 percent in July, which is below the central target of 3 percent. This decline was linked to stabilized food prices and strong agricultural yields.

Simultaneously, Serbia’s real GDP growth accelerated to 3.6 percent year-on-year in the second quarter, driven largely by the service sector, including tourism and trade. Consequently, the NBS revised its annual growth projection upward from 3.0 percent to 3.2 percent. While the bank noted an improved external position, it remains cautious regarding interest rates due to global uncertainties and energy price fluctuations.

## Timeline

### 2026-08-22: Slovenia GDP growth accelerates to 5% in Q2 2026

Slovenia's GDP grew by 5% year-on-year in Q2 2026, fueled by strong capital formation and a 15.9% surge in the construction sector.

6 sources. https://clstr.news/cluster/taichung-city-honors-educators-with-super-teacher-awards

### 2026-08-19: National Bank of Serbia raises growth forecast as inflation hits 1.9%

The National Bank of Serbia reported that July inflation fell to 1.9 percent, while annual GDP growth projections were raised to 3.2 percent following a 3.6 percent increase in the second quarter.

5 sources. https://clstr.news/cluster/national-bank-of-serbia-raises-growth-forecast-as-inflation-hits-19

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Cite as: Serbian economic growth and inflation trends. CLSTR, https://clstr.news/situations/serbian-economic-growth-and-inflation-trends