Europe & Central Asia · Upper middle income
Serbia: the economy in numbers
Per person: $15,262, or $33,910 at purchasing power parity. Population: 6.55 million (2025).
GDP in 2025, current US dollars: #76 of 204 economies. IMF forecast for 2026: +3.3%.
GDP
Adjusted for US inflation, in 2025 dollars: $37.9 billion in 1995, $100 billion in 2025.
GDP per capita
In 2025 dollars: $4,968 per person in 1995, $15,262 in 2025.
Real GDP growth
Average over 2016–2025: 3.4% a year. Years of falling GDP since 1996: 5 of 30.
Source: International Monetary Fund, World Economic Outlook (October 2026)
Inflation
Consumer prices rose 10.5 times from 2000 to 2025. Highest annual inflation: 95.6% in 1996.
Source: International Monetary Fund, World Economic Outlook (October 2026)
Government debt, % of GDP
Highest since 2000: 200.6% of GDP in 2000. IMF forecast for 2031: 40.9%.
Stock market capitalization, % of GDP
In 2011 listed domestic companies were worth $4.06 billion, or 7.9% of GDP.
Population
1960: 6.64 million · 2025: 6.55 million.
Unemployment rate
1991: 13.4% · 2025: 7.1%.
Life expectancy at birth
1960: 65.6 years · 2024: 76.0 years.
Exports of goods and services
1995: 4.9% · 2025: 54.3%.
Data by year
Show the year-by-year table
| Year | GDP | GDP per capita | Per capita, PPP | Real growth | Inflation | Gov. debt, % GDP | Population | Unemployment | Stock market, % GDP | Life expectancy | Exports, % GDP |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2031 | 3.5%f | 3.0%f | 40.9%f | ||||||||
| 2030 | 3.5%f | 3.0%f | 41.6%f | ||||||||
| 2029 | 3.5%f | 3.0%f | 42.2%f | ||||||||
| 2028 | 3.5%f | 3.1%f | 42.8%f | ||||||||
| 2027 | 4.0%f | 4.2%f | 42.9%f | ||||||||
| 2026 | 3.3%f | 3.1%f | 42.9%f | ||||||||
| 2025 | $100B | $15,262 | $33,910 | 2.0% | 3.9% | 42.2% | 6.55M | 7.1% | 54.3% | ||
| 2024 | $90.1B | $13,678 | $32,832 | 3.9% | 4.7% | 44.1% | 6.59M | 7.2% | 76.0 | 53.6% | |
| 2023 | $81.3B | $12,282 | $29,777 | 3.7% | 12.4% | 45.7% | 6.62M | 8.3% | 76.1 | 55.1% | |
| 2022 | $66.8B | $10,025 | $26,143 | 2.7% | 12.0% | 50.9% | 6.66M | 8.4% | 75.2 | 60.7% | |
| 2021 | $66.2B | $9,681 | $23,406 | 7.9% | 4.1% | 53.6% | 6.83M | 9.8% | 72.8 | 52.3% | |
| 2020 | $55.9B | $8,099 | $21,013 | −1.0% | 1.6% | 54.3% | 6.9M | 9.0% | 74.5 | 46.1% | |
| 2019 | $53.9B | $7,756 | $20,587 | 4.8% | 1.8% | 49.5% | 6.95M | 10.4% | 75.9 | 49.0% | |
| 2018 | $52.8B | $7,560 | $18,469 | 4.6% | 2.0% | 51.1% | 6.98M | 12.7% | 75.9 | 48.7% | |
| 2017 | $46B | $6,548 | $17,285 | 2.4% | 3.1% | 55.3% | 7.02M | 13.5% | 75.5 | 48.1% | |
| 2016 | $42.2B | $5,982 | $16,455 | 3.0% | 1.1% | 65.0% | 7.06M | 15.3% | 75.7 | 46.5% | |
| 2015 | $41.3B | $5,820 | $15,546 | 1.3% | 1.4% | 67.1% | 7.1M | 17.7% | 75.3 | 43.4% | |
| 2014 | $49.1B | $6,887 | $15,296 | −1.8% | 2.1% | 63.5% | 7.13M | 19.2% | 75.3 | 40.3% | |
| 2013 | $50.5B | $7,040 | $15,247 | 0.5% | 7.7% | 61.2% | 7.17M | 22.2% | 75.2 | 38.2% | |
| 2012 | $45.1B | $6,263 | $14,506 | −0.4% | 7.3% | 58.0% | 7.2M | 24.0% | 74.8 | 34.4% | |
| 2011 | $51.3B | $7,082 | $14,298 | 0.1% | 11.1% | 46.0% | 7.24M | 23.0% | 7.9% | 74.5 | 31.7% |
| 2010 | $43.5B | $5,971 | $13,320 | 1.6% | 6.1% | 42.4% | 7.29M | 19.2% | 9.6% | 74.3 | 31.0% |
| 2009 | $47B | $6,414 | $13,038 | −3.1% | 8.1% | 35.3% | 7.32M | 16.1% | 30.4% | 74.0 | 25.3% |
| 2008 | $54.2B | $7,377 | $13,123 | 5.2% | 12.4% | 29.4% | 7.35M | 13.7% | 28.3% | 73.9 | 27.4% |
| 2007 | $44.9B | $6,081 | $11,685 | 7.8% | 6.4% | 30.0% | 7.38M | 18.1% | 65.9% | 73.6 | 26.2% |
| 2006 | $33.3B | $4,493 | $10,463 | 3.9% | 11.7% | 37.0% | 7.41M | 20.9% | 47.6% | 73.4 | 29.0% |
| 2005 | $28.3B | $3,808 | $9,398 | 5.9% | 16.1% | 50.1% | 7.44M | 20.9% | 24.7% | 72.8 | 27.6% |
| 2004 | $26.8B | $3,597 | $8,715 | 6.7% | 11.0% | 57.6% | 7.46M | 18.5% | 12.1% | 72.7 | 24.5% |
| 2003 | $23.6B | $3,154 | $8,023 | 4.6% | 9.9% | 64.4% | 7.48M | 15.2% | 6.0% | 72.4 | 22.1% |
| 2002 | $17.9B | $2,391 | $7,563 | 6.5% | 19.5% | 68.4% | 7.5M | 13.8% | 72.3 | 19.2% | |
| 2001 | $13.6B | $1,812 | $6,803 | 6.8% | 95.0% | 95.9% | 7.5M | 12.8% | 72.2 | 19.7% | |
| 2000 | $7.33B | $975 | $6,416 | 6.1% | 71.1% | 200.6% | 7.52M | 12.6% | 71.6 | 8.2% | |
| 1999 | $20.9B | $2,769 | $5,897 | −10.3% | 42.5% | 7.54M | 13.7% | 69.9 | 10.0% | ||
| 1998 | $21B | $2,775 | $6,460 | 5.3% | 30.2% | 7.57M | 13.7% | 72.2 | 17.3% | ||
| 1997 | $27.2B | $3,574 | $6,040 | 8.9% | 23.3% | 7.6M | 13.8% | 72.8 | 12.8% | ||
| 1996 | $23.3B | $3,054 | $5,434 | 6.2% | 95.6% | 7.62M | 13.2% | 72.8 | 10.5% | ||
| 1995 | $17.9B | $2,349 | $5,022 | 82.7% | 7.63M | 13.4% | 72.6 | 4.9% | |||
| 1994 | 7.62M | 13.4% | 72.2 | ||||||||
| 1993 | 7.61M | 13.4% | 71.8 | ||||||||
| 1992 | 7.6M | 13.4% | 71.6 | ||||||||
| 1991 | 7.6M | 13.4% | 71.9 | ||||||||
| 1990 | 7.9M | 72.2 | |||||||||
| 1989 | 7.89M | 72.3 | |||||||||
| 1988 | 7.88M | 72.0 | |||||||||
| 1987 | 7.87M | 71.8 | |||||||||
| 1986 | 7.85M | 71.6 | |||||||||
| 1985 | 7.84M | 71.4 | |||||||||
| 1984 | 7.81M | 71.1 | |||||||||
| 1983 | 7.79M | 71.0 | |||||||||
| 1982 | 7.76M | 71.0 | |||||||||
| 1981 | 7.74M | 71.0 | |||||||||
| 1980 | 7.71M | 71.0 | |||||||||
| 1979 | 7.54M | 71.1 | |||||||||
| 1978 | 7.5M | 71.3 | |||||||||
| 1977 | 7.46M | 71.7 | |||||||||
| 1976 | 7.42M | 71.7 | |||||||||
| 1975 | 7.37M | 71.5 | |||||||||
| 1974 | 7.33M | 71.0 | |||||||||
| 1973 | 7.28M | 70.4 | |||||||||
| 1972 | 7.25M | 69.9 | |||||||||
| 1971 | 7.21M | 69.6 | |||||||||
| 1970 | 7.16M | 69.6 | |||||||||
| 1969 | 7.12M | 69.9 | |||||||||
| 1968 | 7.01M | 70.0 | |||||||||
| 1967 | 6.97M | 70.0 | |||||||||
| 1966 | 6.93M | 69.3 | |||||||||
| 1965 | 6.88M | 68.6 | |||||||||
| 1964 | 6.83M | 67.9 | |||||||||
| 1963 | 6.79M | 67.2 | |||||||||
| 1962 | 6.74M | 66.9 | |||||||||
| 1961 | 6.69M | 66.2 | |||||||||
| 1960 | 6.64M | 65.6 |
e: IMF estimate; f: IMF forecast.
Nearby economies in Europe & Central Asia
Nearest by distance between capitals, with GDP per capita.
Albania · Andorra · Armenia · Austria · Azerbaijan · Belarus · Belgium · Bosnia and Herzegovina · Bulgaria · Channel Islands · Croatia · Cyprus · Czechia · Denmark · Estonia · Faroe Islands · Finland · France · Georgia · Germany · Gibraltar · Greece · Greenland · Hungary · Iceland · Ireland · Isle of Man · Italy · Kazakhstan · Kosovo · Kyrgyzstan · Latvia · Liechtenstein · Lithuania · Luxembourg · Moldova · Monaco · Montenegro · Netherlands · North Macedonia · Norway · Poland · Portugal · Romania · Russia · San Marino · Serbia · Slovakia · Slovenia · Spain · Sweden · Switzerland · Tajikistan · Turkmenistan · Türkiye · Ukraine · United Kingdom · Uzbekistan
Rankings
GDP by country · GDP per capita · Real GDP growth · Inflation by country · Government debt to GDP · Stock market to GDP · Population by country · Unemployment by country
Data and methods
- GDP: gross domestic product in current US dollars, converted from the local currency at market exchange rates (World Bank); not adjusted for inflation.
- Purchasing power parity (PPP): GDP per person in international dollars, which buy the same basket of goods and services in every country. It compares living standards across countries in the same year; it is not adjusted for inflation over time.
- In 2025 dollars: the charts can remove US inflation (US consumer price index, annual average) so that dollar amounts from different years compare in today's money. Exchange rate swings still show.
- Growth and inflation: World Bank data (calendar years). Years the World Bank does not cover yet, and the estimates and forecasts, come from the IMF World Economic Outlook (October 2026): its forecasts start in 2026, and the years after a country's last actual year are IMF estimates.
- Government debt: gross debt of the general government (central, state and local government and social security funds) as a percentage of GDP, IMF. The World Bank's central government debt is narrower and covers fewer countries.
- Stock market capitalization: the end-of-year value of domestic companies listed on the country's exchanges (World Federation of Exchanges via the World Bank; before 2016, Standard & Poor's), as a percentage of GDP: the “Buffett indicator”. Investment funds are excluded, and so are companies listed only abroad; companies from elsewhere that list on an exchange count for its country (Hong Kong lists many mainland Chinese companies).
- Unemployment: ILO modeled estimates (share of the labor force); comparable across countries, but they may differ from national figures.
Source: World Bank, World Development Indicators (CC BY 4.0)
Source: International Monetary Fund, World Economic Outlook (October 2026)