Retail Sales in Serbia
The Serbian economy recorded an average growth rate of 4.7% in retail sales in the decade to 2022, which is above the 1.5% average for Eastern Europe. In 2022, Serbia's retail sales growth was 6.1%.
Serbia Retail Chart
Note: This chart displays Retail Sales (ann. var. %) for Serbia from 2014 to 2023.
Source: Macrobond.
Serbia Retail Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Retail Sales (ann. var. %) | 9.7 | 4.9 | 10.8 | 6.1 | -2.0 |
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Serbian retail projections for the next ten years from a panel of 2 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable retail forecast available for Serbian retail.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Serbian retail projections.
Want to get access to the full dataset of Serbian retail forecasts? Send an email to info@focus-economics.com.