economic model

Serbia’s 2026 growth mix shifts toward consumption, construction and services

For much of the past two decades, Serbia’s economic expansion has been driven by exports, manufacturing investment and industrial expansion. Automotive production, electronics assembly, mining projects and foreign-owned factories have served as central pillars of the development strategy. Recent data indicate that another growth engine is starting to take shape. In the first quarter of 2026, GDP growth came in stronger than expected. The composition of that growth points to a changing structure across the economy. Domestic consumption, services, public…