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Association of Trade

The total gross value added (GVA) generated by the Trade sector was around 8.4 billion EUR in 2020, which is 21.6% of the total GVA of the country and 18.5% of Serbia’s GDP. Observed by activities, 3.2 billion EUR created by real estate activities (37.8%), 2.8 billion EUR by wholesale trade, except for motor vehicles and motorcycles (33.4%), and nearly 2.0 billion EUR by retail trade, except for motor vehicles and motorcycles (23.3%). From 2016 to 2020, the GVA share of the trade sector in total GVA and GDP of the Republic of Serbia shows a stable trend.

This sector is hiring 367.3 thousand workers (16.6% of total employment) while the most are employed in retail trade, except for motor vehicles and motorcycles (215.7 thousand) and in wholesale trade, except for motor vehicles and motorcycles (113.5 thousand). In the trade sector in 2021 was operating 42.6 thousand active companies and 57.5 thousand entrepreneurs which is in total around 100.0 thousand. 

Share of GVA by Trade Sector in Total GVA and GDP (in %)

Active Companies and Entrepreneurs in Trade Sector

Employment in Trade Sector by Activities (CA 2010)

Sales of Trade Sector by Activities (CA 2010), in 000 EUR

For more information about economic analysis from this industry and our other activities, please contact Association for Trade on email trgovina@pks.rs.