Serbia

SRBEurope & Central AsiaUpper middle incomeCapital: Belgrade
Economy
Fiscal
People
Health
Education
Trade
Energy / Env
Tech
Governance
Equality
Infra
Labor
75/80 indicators · percentile vs world (IMF / WB / WHO)underover
Serbia in world space2000–2023
1k10k100k505560657075808590GDP per capita (USD, log)Life expectancy (years)20002023
192 countries · log scale on X world Serbia· trajectory line: 1980 → today
About Serbia

Serbia's GDP is $112.11B (2026), with a population of 6.6M, and GDP per capita of $17,292. Key indicators include real GDP growth of 3.6%, inflation at 4.0%, unemployment at 8.6%, government debt at 44.2% of GDP, life expectancy of 76.2 years. Data sourced from the IMF World Economic Outlook and World Bank World Development Indicators.

Situated in Europe and Central Asia, the economy is classified as upper middle income. The capital is Belgrade. In 2026, it ranks 71st globally in GDP, with a total of $112.11 billion and a per capita income of $17,000. The economy is projected to grow by 3.6% in 2026, with an inflation rate of 4.0%. Unemployment is expected to be 8.6% in 2026, down from 7.1% in 2025. The country exhibits significant trade openness, with trade accounting for 111.7% of GDP in 2024. Foreign direct investment inflows were 6.2% of GDP in the same year, indicating a relatively open and integrated economy. The population is approximately 6.6 million as of 2024, with a life expectancy at birth of 76.2 years in 2023. The fertility rate stands at 1.6 births per woman. The adult literacy rate is notably high at 99.3% in 2022. Health spending constitutes 8.0% of GDP in 2023. The Gini Index, measuring income inequality, is 32.8 in 2022, and the GNI per capita was $12

Economy30 indicators · 2021–2027 · IMF / WB
IndicatorValueYearΔ YoYSrc
GDP (Current USD, Billions)$1212027 8.2%IMF
Real GDP Growth (%)4.6%2027 27.8%IMF
GDP per Capita (USD)$18,8422027 9.0%IMF
GDP, PPP (Billions Intl $)$2402027 6.4%IMF
GDP per Capita, PPP (Intl $)$37,2752027 7.1%IMF
Share of World GDP, PPP (%)0.10%2027 1.0%IMF
GNI (Current USD)$84.45B2024 9.5%WB
GNI per Capita (USD)$11,6102024 8.0%WB
GNI per Capita, PPP (USD)$30,7702024 9.0%WB
Industry Value Added (% of GDP)23.1%2024 3.0%WB
Services Value Added (% of GDP)58.8%2024 1.7%WB
Agriculture Value Added (% of GDP)3.2%2024 16.2%WB
Government Consumption (% of GDP)17.5%2024 2.1%WB
Household Consumption (% of GDP)62.0%2024 0.9%WB
Gross Capital Formation (% of GDP)25.0%2024 1.7%WB
Gross Savings (% of GNI)20.6%2024 8.5%WB
GDP Deflator (%)6.3%2024 54.4%WB
GDP per Person Employed (USD)$57,2052024 1.5%WB
Manufacturing Value Added (% of GDP)12.7%2024 4.5%WB
Medium/High-Tech Manufacturing (% of total)26.8%2022 0.0%WB
Adjusted Net National Income per Capita (USD)$7,4322021 17.0%WB
Adjusted Net Savings (% of GNI)5.7%2021 1.0%WB
External Balance on Goods & Services (% of GDP)-4.6%2024 4.9%WB
Coal Rents (% of GDP)0.24%2021WB
Mineral Rents (% of GDP)0.66%2021 252.2%WB
Oil Rents (% of GDP)0.42%2021WB
Natural Gas Rents (% of GDP)0.10%2021WB
Total Natural Resources Rents (% of GDP)1.7%2021 84.3%WB
Forest Rents (% of GDP)0.33%2021 11.7%WB
Industry Value Added (Current USD)$20.79B2024 7.5%WB
Fiscal & Monetary18 indicators · 2022–2027 · IMF / WB
Trade14 indicators · 2024 · WB
IndicatorValueYearΔ YoYSrc
Trade (% of GDP)111.7%2024 2.4%WB
Exports of Goods & Services (% of GDP)53.6%2024 2.7%WB
Imports of Goods & Services (% of GDP)58.1%2024 2.1%WB
Exports of Goods & Services (USD)$48.28B2024 7.8%WB
Imports of Goods & Services (USD)$52.38B2024 8.4%WB
Merchandise Exports (USD)$31.59B2024 2.1%WB
Merchandise Imports (USD)$42.24B2024 6.0%WB
FDI Inflows (% of GDP)6.2%2024 2.2%WB
FDI Outflows (% of GDP)0.7%2024 82.2%WB
FDI Net Inflows (USD)$5.59B2024 13.2%WB
Personal Remittances Received (USD)$5.76B2024 0.2%WB
Personal Remittances Received (% of GDP)6.4%2024 9.9%WB
Current Account Balance (% of GDP)-4.6%2024 90.3%WB
Current Account Balance (USD)$-4.10B2024 110.8%WB
External Debt7 indicators · 2023–2024 · WB
IndicatorValueYearΔ YoYSrc
External Debt (% of GNI)62.2%2024 4.5%WB
External Debt Stocks (USD)$51.98B2024 3.4%WB
Total Debt Service (% of GNI)12.2%2024 72.2%WB
Present Value of External Debt (USD)$23.19B2024WB
Use of IMF Credit (USD)$2.64B2024 2.8%WB
Net ODA Received (% of GNI)0.7%2023 6.7%WB
Net ODA Received (USD)$578.2M2023 13.1%WB
Finance5 indicators · 2024 · WB
Business Environment1 indicator · 2024 · WB
IndicatorValueYearΔ YoYSrc
Time to Get Electricity (days)1912024WB
Private Sector6 indicators · 2024 · WB
People23 indicators · 2023–2025 · WB
IndicatorValueYearΔ YoYSrc
Population6.6M2024 0.6%WB
Population Growth (%)-0.6%2024 10.5%WB
Population Density (per km²)792023 0.6%WB
Surface Area (sq km)84,9902023 0.0%WB
Land Area (sq km)84,0902023 0.0%WB
Urban Population (%)62.4%2024 0.4%WB
Urban Population (total)4.1M2024 0.2%WB
Rural Population (%)37.6%2024 0.6%WB
Life Expectancy at Birth76.2 years2023 1.3%WB
Life Expectancy, Male73.9 years2023 1.6%WB
Life Expectancy, Female78.7 years2023 1.0%WB
Fertility Rate (births per woman)1.62023 1.3%WB
Birth Rate (per 1,000)9.22023 1.1%WB
Death Rate (per 1,000)14.72023 9.8%WB
Net Migration-13,0862025 60.9%WB
Population Ages 0–14 (%)14.3%2024 0.3%WB
Population Ages 15–64 (%)63.0%2024 0.5%WB
Population Ages 65+ (%)22.7%2024 1.6%WB
Age Dependency Ratio (%)58.7%2024 1.3%WB
Old-Age Dependency Ratio (%)36.0%2024 2.1%WB
Youth Dependency Ratio (%)22.7%2024 0.2%WB
Mortality Rate, Adult Male (per 1,000)140.82023 0.8%WB
Mortality Rate, Adult Female (per 1,000)70.82023 1.1%WB
Labor20 indicators · 2024–2025 · WB
IndicatorValueYearΔ YoYSrc
Total Labor Force3.3M2025 0.7%WB
Labor Force Participation (%)59.1%2025 0.0%WB
Female Labor Force Participation (%)52.6%2025 0.0%WB
Male Labor Force Participation (%)66.5%2025 0.1%WB
Unemployment (%)7.1%2025 1.6%WB
Female Unemployment (%)7.5%2025 0.9%WB
Male Unemployment (%)6.8%2025 3.9%WB
Youth Unemployment (%)20.9%2025 2.4%WB
Employment in Agriculture (%)18.0%2025 2.9%WB
Employment in Industry (%)27.1%2025 0.1%WB
Employment in Services (%)54.9%2025 1.0%WB
Self-Employed (%)59.3%2024 1.8%WB
Vulnerable Employment (%)23.9%2025 0.9%WB
Wage & Salaried Workers (% of total)73.0%2025 0.3%WB
Part-Time Employment (%)17.3%2024 2.2%WB
Employers (% of total employment)3.1%2025 0.4%WB
Labor Force, Female (% of total)47.3%2025 0.2%WB
Employment to Population Ratio (%)54.9%2025 0.1%WB
Self-Employed (% of total)27.0%2025 0.8%WB
NEET Youth (% not in education/employment)12.6%2024 1.6%WB
Education21 indicators · 2015–2024 · WB
Health38 indicators · 2019–2024 · WHO
IndicatorValueYearΔ YoYSrc
Health Spending (% of GDP)8.0%2023 6.4%WHO
Health Spending per Capita (USD)$9842023 16.6%WHO
Government Health Spending (% of GDP)5.3%2023 8.8%WHO
Out-of-Pocket Health Spending (% of total)32.1%2023 4.4%WHO
Physicians (per 1,000 people)3.12022 2.3%WHO
Nurses & Midwives (per 1,000)6.72022 1.5%WHO
Hospital Beds (per 1,000)5.82022 0.3%WHO
Infant Mortality (per 1,000 live births)5.22023 1.9%WHO
Neonatal Mortality (per 1,000)3.22023 3.0%WHO
Maternal Mortality (per 100,000)112023 21.4%WHO
Under-5 Mortality, Female (per 1,000)4.72023 2.1%WHO
Under-5 Mortality, Male (per 1,000)5.82023 0.0%WHO
Cause of Death, Communicable (%)2.7%2019WHO
Cause of Death, Non-Communicable (%)94.9%2019WHO
Cause of Death, Injury (%)2.4%2019WHO
Measles Immunization (% of children)84.0%2024 0.0%WHO
DPT Immunization (% of children)95.0%2024 2.2%WHO
HIV Incidence (per 1,000)0.12024 0.0%WHO
Tuberculosis Incidence (per 100,000)92024 56.5%WHO
Smoking Prevalence, Males (%)39.9%2022 2.2%WHO
Smoking Prevalence, Females (%)39.1%2022 0.0%WHO
Suicide Mortality Rate (per 100,000)15.12021WHO
Alcohol Consumption (liters per capita)7.92019WHO
Maternal Deaths62023 26.9%WHO
Tuberculosis Incidence (per 100K)8.72024 56.5%WHO
People Living with HIV4,1002024 2.5%WHO
DTP3 Immunization Coverage (%)95%2024 2.2%WHO
Measles Immunization Coverage (%)84%2024 0.0%WHO
Hepatitis B Immunization Coverage (%)93%2024 0.0%WHO
Physicians (total)322023 3.7%WHO
Nursing & Midwifery Personnel702023 4.9%WHO
Dentists (total)46,3712023 4.7%WHO
Pharmacists (total)1,1452023 1.3%WHO
Child Wasting (<5 years, %)2.6%2019WHO
Child Underweight (<5 years, %)1.0%2019WHO
Universal Health Coverage Index732023 1.4%WHO
Road Traffic Death Rate (per 100K)5372021WHO
Health Expenditure per Capita (WHO, USD)$9842023 16.6%WHO
Energy & Environment13 indicators · 2020–2024 · WB / WHO
IndicatorValueYearΔ YoYSrc
Energy Use (kg oil eq. per capita)2,3782023 2.6%WB
Electric Power Consumption (kWh per capita)5,0902023 0.5%WB
Renewable Electricity Output (%)35.0%2021 21.2%WB
Renewable Energy Consumption (%)27.2%2021 4.6%WB
Access to Electricity (%)100.0%2023 0.0%WB
Access to Clean Fuels for Cooking (%)83.1%2023 1.3%WB
PM2.5 Air Pollution (µg/m³)22.52020WB
Forest Area (%)32.4%2023 0.0%WB
Forest Area (sq km)27,2362023 0.0%WB
Arable Land (%)31.0%2023 0.1%WB
Terrestrial Protected Areas (%)13.4%2024 65.4%WB
Access to Basic Drinking Water (%)95.4%2024 0.0%WHO
Access to Basic Sanitation (%)97.9%2024 0.0%WHO
Agriculture12 indicators · 2022–2023 · WB
Technology13 indicators · 2021–2024 · WB
Infrastructure8 indicators · 2021–2023 · WB
IndicatorValueYearΔ YoYSrc
Air Transport, Passengers Carried3.9M2023 60.8%WB
Air Transport, Freight (million ton-km)19.32023 36.0%WB
Rail Lines (total km)3,3482021 0.4%WB
Railways, Passengers (million km)1912021 21.7%WB
Railways, Goods (million ton-km)2,9252021 6.5%WB
Logistics Performance Index (1–5)2.802022WB
Electricity from Oil (%)0.0%2023 18.3%WB
Electricity from Nuclear (%)0.0%2021WB
Gender8 indicators · 2018–2025 · WB
Governance10 indicators · 2023 · WB
IndicatorValueYearΔ YoYSrc
Control of Corruption-0.452023 2.0%WB
Government Effectiveness0.012023 88.3%WB
Political Stability-0.042023 77.5%WB
Regulatory Quality0.142023 0.6%WB
Rule of Law-0.072023 34.6%WB
Voice & Accountability-0.062023 44.0%WB
Control of Corruption (percentile rank)38.2%2023 8.0%WB
Government Effectiveness (percentile rank)51.9%2023 8.3%WB
Rule of Law (percentile rank)51.4%2023 4.8%WB
Political Stability (percentile rank)44.5%2023 6.1%WB
Military6 indicators · 2020–2024 · WB
IndicatorValueYearΔ YoYSrc
Military Spending (% of GDP)2.6%2024 17.5%WB
Military Expenditure (USD)$2.32B2024 29.3%WB
Armed Forces Personnel32,0002020WB
Armed Forces (% of labor force)1.0%2020WB
Military Spending (% of govt expenditure)6.1%2024 11.3%WB
Intentional Homicides (per 100,000)1.32023 20.6%WB
Poverty & Inequality12 indicators · 2022–2023 · WB
IndicatorValueYearΔ YoYSrc
Poverty at $2.15/day (%)2.0%2022 17.6%WB
Poverty at $3.65/day (%)3.2%2022 18.5%WB
Poverty at $6.85/day (%)10.3%2022 9.6%WB
Poverty Headcount, National (%)19.7%2023 1.0%WB
Gini Index32.82022 0.9%WB
Income Share, Top 10%24.7%2022 4.6%WB
Income Share, Bottom 10%2.4%2022 4.0%WB
Income Share, Top 20%39.8%2022 1.2%WB
Income Share, Bottom 20%6.9%2022 2.8%WB
Shared Prosperity Premium (%)7.8%2022WB
Survey Mean Consumption (2017 PPP $ per day)21.972022WB
Poverty Gap at $2.15/day (%)1.0%2022 11.1%WB
Social Protection7 indicators · 2020–2022 · WB
IndicatorValueYearΔ YoYSrc
Social Insurance Coverage (%)57.2%2022 0.8%
Social Assistance Coverage (%)8.3%2022 12.2%
Social Protection Coverage (%)62.5%2022 0.9%
Human Capital Index (0–1)0.682020WB
Human Capital Index, Female0.702020WB
Human Capital Index, Male0.662020WB
Learning-Adjusted Years of School9.8 years2020WB
Tourism5 indicators · 2020 · WB
Urban Development8 indicators · 2022–2025 · WB / WHO

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