Home/Countries/Serbia/R&D Spending (% of GDP)

Serbia—R&D Spending (% of GDP)

Category: TechnologySource: World Bank World Development Indicators ↗Global Rank: #43 of 114Series years: 2000–2024
Latest Value
0.94%
2024
YoY Change
+7.0%
2023 → 2024
Global Rank
#43
of 114 countries
Maximum
0.95%
2021
Minimum
0.28%
2004
CAGR
+0.7%
25 years
Last
0.94%
Previous
0.88%
Highest
0.95%
Lowest
0.28%
Unit
% of GDP
Source
World Bank World Development Indicators

Serbia's R&D spending (% of GDP) was 0.94% in 2024, ranking #43 out of 114 countries. This represents a +7.0% change from 2023. Over the past 25 years, the highest recorded value was 0.95% (2021) and the lowest was 0.28% (2004). Data sourced from the World Bank World Development Indicators.

Serbia — R&D Spending (% of GDP): 0.93978 % of GDP for reference year 2024. Source: World Bank (World Development Indicators). Reference year does not establish final observed status; publisher vintage is not verified here.
Source: World Bank World Development Indicators

Historical Data

YearValueChange
20240.94%+7.0%
20230.88%-4.5%
20220.92%-3.0%
20210.95%+9.6%
20200.86%+2.0%
20190.85%-3.8%
20180.88%+5.2%
20170.84%+3.8%
20160.81%+3.7%
20150.78%+12.4%
20140.69%+5.7%
20130.66%-20.0%
20120.82%+24.7%
20110.66%-2.6%
20100.67%-14.2%
20090.79%+21.9%
20080.64%+15.8%
20070.56%+29.7%
20060.43%+11.1%
20050.39%+37.0%
20040.28%-39.8%
20030.47%-23.3%
20020.61%+110.8%
20010.29%-63.9%
20000.80%

Top Countries — R&D Spending (% of GDP)

#CountryValueYear
1Israel6.35%2023
2Liechtenstein6.01%2023
3Korea, Rep.4.94%2023
4Sweden3.60%2023
5United States3.45%2023
6Japan3.44%2023
7Belgium3.27%2023
8Austria3.26%2023
9Switzerland3.22%2023
10Germany3.15%2023
View all 114 countries →

About This Indicator

Definition

Gross domestic expenditures on research and development (R&D), expressed as a percent of GDP. They include both capital and current expenditures in the four main sectors: Business enterprise, Government, Higher education and Private non-profit. R&D covers basic research, applied research, and experimental development.

Methodology

Data compiled by Stat Bulk Data Download Service, UN Educational, Scientific and Cultural Organization (UNESCO), uri: https://databrowser.uis.unesco.org/resources/bulk, publisher: UNESCO Institute for Statistics (UIS), date accessed: 2025-03-26, date published: 2025-02.

Unit

% of GDP

Source: World Bank (World Development Indicators)Available series: 2000–2024View original source →