Skip to content
ChartBasis
Choose a language: English

Serbia

Headline economic indicators for Serbia, with the most recent official readings.

Prices

Prices — Serbia
Indicator Value Change
Inflation rate · 3.9% -0.78 (-16.7%)
Consumer price index · 208.3 +7.80 (+3.9%)
Inflation rate (monthly) · 4.2% +1.70 (+68.0%)
Harmonised consumer price index · 163.8 +0.38 (+0.2%)
House price index (quarterly) · 267.8 +3.14 (+1.2%)
House price inflation, year on year (quarterly) · 5.2% -0.28 (-5.1%)
Real house price index (quarterly) · 124.8 -0.45 (-0.4%)
Real house price growth, year on year (quarterly) · 2.0% -0.87 (-30.1%)
Producer prices, year on year (monthly) · 9.6% +1.10 (+12.9%)
GDP deflator inflation · 4.5% -1.86 (-29.3%)

GDP

GDP — Serbia
Indicator Value Change
GDP growth rate · 2.0% -1.92 (-48.6%)
GDP per capita · 15,262.05 +1,584 (+11.6%)
GDP growth, quarter on quarter · 1.5% +1.00 (+200.0%)
GDP growth, year on year (quarterly) · 3.8% +0.60 (+18.7%)
Industrial production, year on year (monthly) · 2.0% +2.00
Retail sales volume, year on year (monthly) · 8.7% +2.00 (+29.9%)
Economic sentiment indicator (monthly) · 98.4 -1.30 (-1.3%)
Consumer confidence (monthly) · -4.3 -1.40 (-48.3%)
GDP per capita, long-run history · 17,098 +533.86 (+3.2%)
GDP · 99,953,324,472.9 +9,864,958,152 (+11.0%)
GDP, PPP · 222,079,871,098 +5,830,883,130 (+2.7%)
GDP per capita, PPP · 33,910 +1,077 (+3.3%)
GDP per capita growth · 2.6% -1.92 (-42.3%)
GNI per capita · 13,480 +1,870 (+16.1%)
Agriculture to GDP · 3.3% +0.11 (+3.6%)
Industry to GDP · 22.3% -0.76 (-3.3%)
Manufacturing to GDP · 12.7% -0.60 (-4.5%)
Services to GDP · 59.7% +0.95 (+1.6%)
Household consumption to GDP · 62.4% +0.41 (+0.7%)
Gross capital formation to GDP · 23.4% -1.65 (-6.6%)
Gross savings to GDP · 19.0% -1.67 (-8.1%)

Labour

Labour — Serbia
Indicator Value Change
Unemployment rate · 7.1% -0.12 (-1.6%)
Labour force participation rate · 59.1% -0.02 (-0.0%)
Female labour force participation rate · 52.6% +0.01 (+0.0%)
Youth unemployment rate · 20.9% -0.52 (-2.4%)
Employment to population ratio · 54.9% +0.05 (+0.1%)
Employment in agriculture · 18.0% -0.54 (-2.9%)
Employment in industry · 27.1% -0.02 (-0.1%)
Employment in services · 54.9% +0.56 (+1.0%)

Money

Money — Serbia
Indicator Value Change
Real interest rate · -0.2% +1.26 (+87.4%)
Central bank policy rate · 5.8% -0.25 (-4.2%)
Real effective exchange rate (monthly) · 116.9 -0.37 (-0.3%)
Nominal effective exchange rate (monthly) · 113.7 -0.07 (-0.1%)
Broad money to GDP · 53.0% +1.39 (+2.7%)
Private sector credit to GDP · 35.4% +2.73 (+8.4%)
Lending rate · 4.8% -2.11 (-30.7%)
Bank deposit rate · 11.2% -4.18 (-27.2%)
Stock market capitalization to GDP · 7.9% -1.64 (-17.2%)
Official exchange rate · 103.98 -4.23 (-3.9%)

Trade

Trade — Serbia
Indicator Value Change
Current account to GDP · -4.9% -0.34 (-7.5%)
Exports to GDP · 54.3% +0.73 (+1.4%)
Imports to GDP · 58.6% +0.47 (+0.8%)
Trade to GDP · 112.9% +1.20 (+1.1%)
Exports of goods and services · 54,287,734,484.31 +6,014,994,443 (+12.5%)
Imports of goods and services · 58,583,048,490.32 +6,204,535,685 (+11.8%)
Trade balance, goods and services (annual) · -4,714,840,351.77 -343,707,046 (-7.9%)
Current account balance (annual) · -4,896,340,676.84 -791,457,659 (-19.3%)
Foreign direct investment to GDP · 3.9% -2.27 (-36.5%)
Remittances received to GDP · 6.6% +0.16 (+2.6%)
Total reserves, including gold · 34,150,990,742.93 +3,666,826,592 (+12.0%)
Reserves in months of imports · 6.2 -0.00 (-0.1%)
External debt to GNI · 62.2% -2.93 (-4.5%)

Government

Government — Serbia
Indicator Value Change
Government revenue to GDP · 38.6% +4.09 (+11.8%)
Government expense to GDP · 35.5% -2.24 (-5.9%)
Tax revenue to GDP · 23.9% +4.23 (+21.5%)
Government budget balance to GDP · -3.1% +4.91 (+61.6%)
Government consumption to GDP · 18.5% +0.98 (+5.6%)
Education spending to GDP · 3.4% +0.32 (+10.4%)
Health spending to GDP · 8.0% -0.55 (-6.4%)

Demography

Demography — Serbia
Indicator Value Change
Population · 6,549,143 -37,333 (-0.6%)
Population, long-run history · 6,833 -64.93 (-0.9%)
Population growth · -0.6% -0.01 (-2.3%)
Life expectancy · 76.0 -0.17 (-0.2%)
Fertility rate · 1.64 +0.02 (+1.2%)
Birth rate · 9.2 +0.00 (+0.0%)
Death rate · 14.9 +0.20 (+1.4%)
Urban population share · 62.6% +0.25 (+0.4%)
Population aged 65 and over · 23.1% +0.36 (+1.6%)
Under-five mortality rate · 5.4 +0.00 (+0.0%)
Population density · 75.2 -0.42 (-0.6%)
Net migration · -13,086 -4,954 (-60.9%)
Gini index · 32.8 +0.00 (+0.0%)

Source: Bank for International Settlements (BIS). Translated titles are not official BIS translations.

Source: Bolt, J. and van Zanden, J.L. (2024), Maddison style estimates of the evolution of the world economy: A new 2023 update, Journal of Economic Surveys, 1-41, DOI 10.1111/joes.12618. Licensed under CC BY 4.0. The original sources are listed on each page.

All data sources

Original sources of these estimates

GDP pc: 2008 - 2022: Total Economy Database the Conference Board for all countries included in TED. Otherwise UN national accounts statistics

Serbia

Economies nearby

Comparable readings from neighbouring economies.