Serbian IT Industry Shows Growth Despite Challenges

Belgrade, Serbia – The Serbian IT sector continues its upward trajectory, demonstrating resilience and growth even amidst reported job losses and company shutdowns. Data from the National Bank of Serbia (NBS) indicates that the industry's revenue and employee numbers are on the rise, painting a picture of a dynamic and expanding market.

This growth is particularly evident in the foreign trade figures. For the first two months of 2026, the IT industry achieved a foreign trade surplus of over 713 million Euros, a notable increase from the same period last year. While imports also saw a rise, the export revenue for 2025 reached an impressive 4.552 billion Euros, marking a significant 10 percent jump from 2024.

Despite the challenges faced, such as the loss of over 600 IT jobs this year, the overall employment in the sector has seen a modest increase. In 2025, the Serbian IT industry employed a total of 138,769 individuals, reflecting a 3.4 percent growth compared to the previous year. This sustained expansion underscores the strategic importance of the IT industry to Serbia's economy, positioning it as a key driver of future development and a significant contributor to the nation's trade balance.