Association of Trade

The total gross value added (GVA) generated by Trade sector was around 13.2 billion EUR in 2023, which is the 20.6% of total GVA of the country and 17.6% of Serbia’s GDP. Observed by activities, 5.4 billion EUR created by real estate activities (40.9%), 3.8 billion EUR by wholesale trade, except of motor vehicles and motorcycles (29.0%) and nearly 3.3 billion EUR by retail trade, except of motor vehicles and motorcycles (25.3%). From 2017 to 2023, GVA share of trade sector in total GVA and GDP of the Republic of Serbia shows stable trend, with a slight decline in 2023.

This sector is hiring 368.7 thousand of workers (15.9% of total employment) while the most are employed in retail trade, except of motor vehicles and motorcycles (209.3 thousand) and in wholesale trade, except of motor vehicles and motorcycles (118.2 thousand). In trade sector in 2023 was operating 42.1 thousand of active companies and 58.6 thousand of entrepreneurs which is in total around 100.7 thousand. 
Share of GVA by Trade sector in total GVA and GDP (in %)