Serbia—Government Expense (% of GDP)
Serbia's government expense (% of GDP) was 35.5% in 2022, ranking #32 out of 138 countries. This represents a -5.9% change from 2021. Over the past 16 years, the highest recorded value was 42.5% (2020) and the lowest was 33.1% (2007). Data sourced from the World Bank World Development Indicators.
Historical Data
| Year | Value | Change |
|---|---|---|
| 2022 | 35.5% | -5.9% |
| 2021 | 37.7% | -11.4% |
| 2020 | 42.5% | +19.0% |
| 2019 | 35.7% | +1.6% |
| 2018 | 35.2% | -2.6% |
| 2017 | 36.1% | -4.4% |
| 2016 | 37.8% | -3.2% |
| 2015 | 39.1% | -4.5% |
| 2014 | 40.9% | +4.6% |
| 2013 | 39.1% | +10.4% |
| 2012 | 35.4% | +3.9% |
| 2011 | 34.1% | -2.9% |
| 2010 | 35.1% | +1.8% |
| 2009 | 34.5% | -0.1% |
| 2008 | 34.5% | +4.5% |
| 2007 | 33.1% |
Top Countries — Government Expense (% of GDP)
| # | Country | Value | Year |
|---|---|---|---|
| 1 | Naoero | 103.6% | 2020 |
| 2 | Kiribati | 83.7% | 2023 |
| 3 | Ukraine | 65.6% | 2023 |
| 4 | Marshall Islands | 59.4% | 2020 |
| 5 | Palau | 59.0% | 2020 |
| 6 | Timor-Leste | 52.5% | 2022 |
| 7 | Greece | 47.3% | 2023 |
| 8 | Italy | 47.3% | 2023 |
| 9 | France | 47.3% | 2023 |
| 10 | Austria | 46.0% | 2023 |
About This Indicator
Definition
Expense is a decrease in net worth resulting from a transaction. 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
Original contributors: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF); World Development Indicators, World Bank (WB); National Accounts data files, Organisation for Economic Co-operation and Development (OECD)
Unit
% of GDP