Serbia—Government Revenue (% of GDP)
Category: Fiscal & MonetarySource: World Bank World Development Indicators ↗Global Rank: #18 of 139Updated July 2026
Latest Value
38.6%
2022
YoY Change
+11.8%
2021 → 2022
Global Rank
#18
of 139 countries
Maximum
39.4%
2020
Minimum
31.5%
2012
CAGR
+0.7%
16 years
Last
38.6%
Previous
34.6%
Highest
39.4%
Lowest
31.5%
Source
World Bank World Development Indicators
Serbia's government revenue (% of GDP) was 38.6% in 2022, ranking #18 out of 139 countries. This represents a +11.8% change from 2021. Over the past 16 years, the highest recorded value was 39.4% (2020) and the lowest was 31.5% (2012). Data sourced from the World Bank World Development Indicators.
Source: World Bank World Development Indicators
Historical Data
| Year | Value | Change |
|---|---|---|
| 2022 | 38.6% | +11.8% |
| 2021 | 34.6% | -12.3% |
| 2020 | 39.4% | +0.4% |
| 2019 | 39.3% | +1.7% |
| 2018 | 38.6% | -1.0% |
| 2017 | 39.0% | +1.8% |
| 2016 | 38.3% | +2.3% |
| 2015 | 37.5% | +0.4% |
| 2014 | 37.3% | +4.0% |
| 2013 | 35.9% | +13.8% |
| 2012 | 31.5% | -0.6% |
| 2011 | 31.7% | -4.2% |
| 2010 | 33.1% | -0.5% |
| 2009 | 33.3% | -4.2% |
| 2008 | 34.7% | -0.3% |
| 2007 | 34.8% |
Top Countries — Government Revenue (% of GDP)
| # | Country | Value | Year |
|---|---|---|---|
| 1 | Nauru | 115.5% | 2024 |
| 2 | Kiribati | 80.2% | 2023 |
| 3 | Timor-Leste | 51.5% | 2022 |
| 4 | Norway | 51.5% | 2024 |
| 5 | Austria | 45.1% | 2024 |
| 6 | Greece | 44.8% | 2024 |
| 7 | Luxembourg | 44.6% | 2024 |
| 8 | Slovenia | 43.5% | 2024 |
| 9 | France | 42.1% | 2024 |
| 10 | Lesotho | 42.0% | 2024 |
About This Indicator
Definition
Revenue is an increase in net worth resulting from a transaction. Grants are excluded from this figure. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.
Methodology
Data compiled by Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).