Serbia: Economy
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Income Level (by per capita GNI) Source: The World Bank Possible values: High Income, Upper Middle Income, Lower Middle Income and Low Income |
Upper Middle Income |
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Level of Development
Source: United Nations Possible values: Developed, In Transition and Developing |
In Transition |
| Economic Trivia | Serbia is the second largest producer of plums in the world. |
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Trade
Source: United Nations Comtrade Note: Top 3 trade partners are calculated by imports + exports. |
Top 3 Trade Partners (2021): Germany, China, and Italy |
| Top Industries Source: CIA World Factbook | Base Metals; Furniture; Food Processing; Machinery |
Gross Domestic Product (GDP) [1]
| GDP, PPP (current international) | $161,641,800,522 (2022) |
| GDP Growth Rate (annual %) | 2.251% (2022) |
| GDP Per Capita, PPP (current international) | $23,911 (2022) |
GDP Country Rank 81/197 (2022)
Economic Indicators [1]
| Inflation, consumer prices (annual %) | 11.982% (2022) |
| External debt stocks, total (DOD, current US$) | $41,143,534,458 (2021) |
| Total tax rate (% of commercial profits) | 36.6% (2019) |
| Real Interest Rate (5 year average %) | 3.097% (2015) |
| Manufacturing, value added (% of GDP) | 13.002% (2021) |
| Current Account Balance (BoP, current US$) | ($4,433,993,500) (2022) |
Labor and Employment [1]
| Labor Force, Total | 3,266,042 (2022) |
| Employment in Agriculture (% of total employment) | 13.925% (2021) |
| Employment in Industry (% of total employment) | 28.934% (2021) |
| Employment in Services (% of total employment) | 57.142% (2021) |
| Unemployment Rate | 9.473% (2022) |
Trade [1]
| Imports of goods and services (current US$) | $47,097,216,291 (2022) |
| Exports of goods and services (current US$) | $40,304,298,785 (2022) |
| Total Merchandise Trade (% of GDP) | 110.558% (2022) |
| FDI, net inflows (BoP, current US$) | $4,593,001,355 (2022) |
| Commercial Service Exports (current US$) | $11,592,803,644 (2022) |
Economic Snapshot [1]
Note: Percentile ranks are calculated using the latest available data for all countries within the last 5 years.
How to interpret the graph: The purpose of this graph is to take a snapshot of a country’s economy in comparison to other economies. For example, Serbia’s Exports rank is higher than (please wait...) of the countries in the dataset. For Exports, FDI and GDP measures, a higher rank (closer to 100%) indicates a stronger economy. Conversely, for Unemployment and Inflation, a lower rank (closer to 0%) indicates a stronger economy.