Experts Club Information and Analytical Center has analyzed the dynamics of industrial production in Serbia and its growth trends in Serbia in recent years. At the beginning of 2025, industrial production in Serbia shows a slowdown in growth compared to the previous year. According to Trading Economics, in January 2025, industrial production increased by 0.4% in annualized terms, but in February it recorded a decrease of 1.8% compared to the same period in 2024.
In 2024, industrial production in Serbia showed positive dynamics. In December 2024, growth amounted to 2.7% in annual terms, which was the result of a 9.9% increase in production in the extractive industry and a 5.6% increase in manufacturing.
In order to understand the current trends, let us look at the changes in industrial production in Serbia in recent years, based on the analysis of data collected by the Experts Club for the period from 2000 to 2024.
2000: growth by 10.2%
2001: growth by 1.5%
2002: growth by 1.7%
2003: 3.5% growth
2004: 7.1% growth
2005: 0.8% growth
2006: 4.7% growth
2007: 4.9% growth
2008: increase of 1.1%
2009: decrease of 12.1%
2010: increase of 2.5%
2011: increase of 2.1%
2012: decrease of 1.5%
2013: increase of 5.5%
2014: decrease of 6.5%
2015: increase of 8.3%
2016: growth of 4.7%
2017: increase of 3.9%
2018: growth of 1.3%
2019: increase of 0.3%
2020: decrease of 1.0%
2021: increase of 6.0%
2022: increase of 1.9%
2023: increase of 5.8%
2024: 3.1% growth
The data reflect fluctuations in Serbia’s industrial production over the last 25 years, with periods of both growth and decline. For the last 4 years, industrial production in Serbia has been growing steadily.
