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Serbo Journal

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Serbia: GDP Advanced 6.3% in '05

Serbia's economy slowed down in 2005, growing 6.3 percent after a 9.3 percent growth in 2004, according to data released by the National Statistics Office.

GDP rose by 5.9 percent in Q4 of 2005, down from 14.2 percent in the same quarter the previous year.

The economy advanced by a 23 percent increase in transport services, a 21.9 percent growth in retail trade and a 16.9 percent expansion in financial services.

Agriculture posted a decline of 5.2% and construction declined by 7%.

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