Real GDP at Constant National Prices for Serbia
RGDPNARSA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
123,007.11
Year-over-Year Change
24.30%
Date Range
1/1/1990 - 1/1/2019
Summary
The Real GDP at Constant National Prices for Serbia measures the total economic output of Serbia, adjusted for inflation. This metric is crucial for tracking Serbia's economic growth and performance.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
Real GDP is a comprehensive measure of a country's economic activity, representing the total value of all goods and services produced within the country's borders. This series provides a consistent, inflation-adjusted view of Serbia's economic output over time, enabling analysis of long-term trends and comparison to other economies.
Methodology
The data is calculated by the U.S. Federal Reserve based on official national accounts information.
Historical Context
This series is widely used by economists, policymakers, and investors to assess Serbia's economic health and competitiveness.
Key Facts
- Serbia's real GDP reached a record high in 2019.
- The COVID-19 pandemic caused a sharp economic contraction in Serbia in 2020.
- Serbia's economy has experienced steady growth over the past decade.
FAQs
Q: What does this economic trend measure?
A: The Real GDP at Constant National Prices for Serbia measures the total economic output of Serbia, adjusted for inflation. It provides a comprehensive view of the country's economic activity.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for tracking Serbia's economic growth and performance over time, enabling comparisons to other economies and informing policy decisions.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve based on official national accounts information provided by the Serbian government.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and investors use this series to assess Serbia's economic health, competitiveness, and growth potential, informing decisions on fiscal, monetary, and investment policies.
Q: Are there update delays or limitations?
A: There may be delays in the availability of the most recent data, as it relies on the timely release of national accounts information by the Serbian government.
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Citation
U.S. Federal Reserve, Real GDP at Constant National Prices for Serbia (RGDPNARSA666NRUG), retrieved from FRED.