Association of Construction Industry

The total gross value added (GVA) generated by the Construction industry was 4.0 billion EUR in 2021, which is 9.1% of the total GVA of the country and 7.6% of Serbia’s GDP. Analyzed by activities, around 1.1 billion EUR was generated by the construction of buildings (28%), 1.1 billion EUR by specialized construction activities (26%), and 1.0 billion EUR by civil engineering (25%). From 2017 to 2021, the GVA share of the construction industry in total GVA and GDP of the Republic of Serbia shows a growing trend.

Export of these goods in 2022 amounted to 353.7 million EUR which is 1.3% of total export but despite the negative effects caused by the Ukrainian crisis, export of these products is much higher than the previous year (55.5%). Also, the export of these services in 2022 amounted to 193.1 million EUR which is 1.7% of total services export. This sector of the economy is hiring 169.8 thousand workers (7.5% of total employment) while most are employed in specialized construction activities (59.5 thousand) and construction of buildings (32.3 thousand). In the construction industry in 2022 were operating 17.9 thousand active companies and 43.3 thousand entrepreneurs which is in total around 61.2 thousand.