01 · Economic overview

What should a reader know first?

Latest values orient the reader; the three-era analysis below shows how the economic record developed.

Nominal GDP$89.07B2024 · Latest current-price total · World rank 77 of 210

Real GDP growth3.9%2024 · Latest constant-price annual change · Constant-price annual change

GDP per capita$13,2232024 · Current U.S. dollars; not PPP adjusted · Current U.S. dollars; not PPP adjusted

Share of world GDP0.1%2024 · Share of the official world total · Official world aggregate denominator

Largest broad activity40.2%2024 · Largest broad production activity · Other activities

Manufacturing15.6%2024 · Share of total gross value added · World gap −0.0 pp

Economic overview annual rank and index table35 annual rows

Annual core economic measures, world ranks and comparable world indices. Annual rows cover the full 1970–2024 AMA record wherever the source publishes a value. World ranks run highest-to-lowest. The position index converts rank to a 0–100 scale: 100 is first and 0 is last; it is not a performance score. World comparison is either a world-equals-100 value index or a percentage-point gap, according to the measure.

Filter rows

From yearTo year

Showing 35 of 35 rows

Economic overview annual rank and index table

Serbia	1990	$40.65B	48 of 206 · highest-to-lowest	77.1 / 100	0.2 (world = 100)	Source observation unavailable	Not calculable without a source observation	Not calculable without a source observation	Comparable world observation unavailable	$4,128	66 of 206 · highest-to-lowest	68.3 / 100	95.1 (world = 100)	0.2%	48 of 206 · highest-to-lowest	77.1 / 100	-99.8 pp vs world
Serbia	1991	$37.12B	50 of 206 · highest-to-lowest	76.1 / 100	0.2 (world = 100)	-11.7%	193 of 206 · highest-to-lowest	6.3 / 100	-12.9 pp vs world	$3,760	69 of 206 · highest-to-lowest	66.8 / 100	83.9 (world = 100)	0.2%	50 of 206 · highest-to-lowest	76.1 / 100	-99.8 pp vs world
Serbia	1992	$27.29B	57 of 206 · highest-to-lowest	72.7 / 100	0.1 (world = 100)	-28.1%	200 of 206 · highest-to-lowest	2.9 / 100	-30.2 pp vs world	$2,756	83 of 206 · highest-to-lowest	60.0 / 100	58.4 (world = 100)	0.1%	57 of 206 · highest-to-lowest	72.7 / 100	-99.9 pp vs world
Serbia	1993	$19.43B	61 of 206 · highest-to-lowest	70.7 / 100	0.1 (world = 100)	-30.4%	204 of 206 · highest-to-lowest	1.0 / 100	-32.2 pp vs world	$1,958	98 of 206 · highest-to-lowest	52.7 / 100	41.4 (world = 100)	0.1%	61 of 206 · highest-to-lowest	70.7 / 100	-99.9 pp vs world
Serbia	1994	$21.01B	62 of 206 · highest-to-lowest	70.2 / 100	0.1 (world = 100)	5.9%	51 of 206 · highest-to-lowest	75.6 / 100	+2.6 pp vs world	$2,113	98 of 206 · highest-to-lowest	52.7 / 100	42.5 (world = 100)	0.1%	62 of 206 · highest-to-lowest	70.2 / 100	-99.9 pp vs world
Serbia	1995	$23.39B	61 of 206 · highest-to-lowest	70.7 / 100	0.1 (world = 100)	9.1%	23 of 206 · highest-to-lowest	89.3 / 100	+6.0 pp vs world	$2,349	100 of 206 · highest-to-lowest	51.7 / 100	43.2 (world = 100)	0.1%	61 of 206 · highest-to-lowest	70.7 / 100	-99.9 pp vs world
Serbia	1996	$25.29B	59 of 206 · highest-to-lowest	71.7 / 100	0.1 (world = 100)	6.2%	63 of 206 · highest-to-lowest	69.8 / 100	+2.6 pp vs world	$2,535	95 of 206 · highest-to-lowest	54.1 / 100	46.3 (world = 100)	0.1%	59 of 206 · highest-to-lowest	71.7 / 100	-99.9 pp vs world
Serbia	1997	$24.10B	62 of 206 · highest-to-lowest	70.2 / 100	0.1 (world = 100)	8.9%	24 of 206 · highest-to-lowest	88.8 / 100	+5.0 pp vs world	$2,414	101 of 206 · highest-to-lowest	51.2 / 100	44.9 (world = 100)	0.1%	62 of 206 · highest-to-lowest	70.2 / 100	-99.9 pp vs world
Serbia	1998	$21.99B	67 of 206 · highest-to-lowest	67.8 / 100	0.1 (world = 100)	5.3%	65 of 206 · highest-to-lowest	68.8 / 100	+2.5 pp vs world	$2,234	101 of 206 · highest-to-lowest	51.2 / 100	42.4 (world = 100)	0.1%	67 of 206 · highest-to-lowest	67.8 / 100	-99.9 pp vs world
Serbia	1999	$12.86B	81 of 206 · highest-to-lowest	61.0 / 100	0.0 (world = 100)	-10.3%	203 of 206 · highest-to-lowest	1.5 / 100	-13.9 pp vs world	$1,662	113 of 206 · highest-to-lowest	45.4 / 100	30.8 (world = 100)	0.0%	81 of 206 · highest-to-lowest	61.0 / 100	-100.0 pp vs world
Serbia	2000	$10.51B	91 of 206 · highest-to-lowest	56.1 / 100	0.0 (world = 100)	6.1%	48 of 206 · highest-to-lowest	77.1 / 100	+1.6 pp vs world	$1,366	126 of 206 · highest-to-lowest	39.0 / 100	24.9 (world = 100)	0.0%	91 of 206 · highest-to-lowest	56.1 / 100	-100.0 pp vs world
Serbia	2001	$13.60B	80 of 206 · highest-to-lowest	61.5 / 100	0.0 (world = 100)	6.8%	32 of 206 · highest-to-lowest	84.9 / 100	+4.7 pp vs world	$1,777	115 of 206 · highest-to-lowest	44.4 / 100	33.0 (world = 100)	0.0%	80 of 206 · highest-to-lowest	61.5 / 100	-100.0 pp vs world
Serbia	2002	$17.93B	76 of 206 · highest-to-lowest	63.4 / 100	0.1 (world = 100)	6.5%	36 of 206 · highest-to-lowest	82.9 / 100	+4.3 pp vs world	$2,354	100 of 206 · highest-to-lowest	51.7 / 100	42.6 (world = 100)	0.1%	76 of 206 · highest-to-lowest	63.4 / 100	-99.9 pp vs world
Serbia	2003	$23.59B	69 of 206 · highest-to-lowest	66.8 / 100	0.1 (world = 100)	4.6%	90 of 206 · highest-to-lowest	56.6 / 100	+1.5 pp vs world	$3,108	94 of 206 · highest-to-lowest	54.6 / 100	50.7 (world = 100)	0.1%	69 of 206 · highest-to-lowest	66.8 / 100	-99.9 pp vs world
Serbia	2004	$26.85B	72 of 206 · highest-to-lowest	65.4 / 100	0.1 (world = 100)	6.7%	66 of 206 · highest-to-lowest	68.3 / 100	+2.3 pp vs world	$3,549	95 of 206 · highest-to-lowest	54.1 / 100	52.1 (world = 100)	0.1%	72 of 206 · highest-to-lowest	65.4 / 100	-99.9 pp vs world
Serbia	2005	$28.33B	76 of 208 · highest-to-lowest	63.8 / 100	0.1 (world = 100)	5.9%	83 of 206 · highest-to-lowest	60.0 / 100	+1.9 pp vs world	$3,758	102 of 208 · highest-to-lowest	51.2 / 100	51.6 (world = 100)	0.1%	76 of 208 · highest-to-lowest	63.8 / 100	-99.9 pp vs world
Serbia	2006	$33.29B	75 of 208 · highest-to-lowest	64.3 / 100	0.1 (world = 100)	3.9%	150 of 208 · highest-to-lowest	28.0 / 100	-0.5 pp vs world	$4,432	101 of 208 · highest-to-lowest	51.7 / 100	56.8 (world = 100)	0.1%	75 of 208 · highest-to-lowest	64.3 / 100	-99.9 pp vs world
Serbia	2007	$44.89B	72 of 208 · highest-to-lowest	65.7 / 100	0.1 (world = 100)	7.8%	55 of 208 · highest-to-lowest	73.9 / 100	+3.5 pp vs world	$5,999	94 of 208 · highest-to-lowest	55.1 / 100	69.1 (world = 100)	0.1%	72 of 208 · highest-to-lowest	65.7 / 100	-99.9 pp vs world
Serbia	2008	$54.22B	73 of 210 · highest-to-lowest	65.6 / 100	0.1 (world = 100)	5.2%	77 of 208 · highest-to-lowest	63.3 / 100	+3.2 pp vs world	$7,273	89 of 210 · highest-to-lowest	57.9 / 100	77.2 (world = 100)	0.1%	73 of 210 · highest-to-lowest	65.6 / 100	-99.9 pp vs world
Serbia	2009	$46.94B	77 of 210 · highest-to-lowest	63.6 / 100	0.1 (world = 100)	-3.1%	150 of 210 · highest-to-lowest	28.7 / 100	-1.7 pp vs world	$6,321	99 of 210 · highest-to-lowest	53.1 / 100	71.7 (world = 100)	0.1%	77 of 210 · highest-to-lowest	63.6 / 100	-99.9 pp vs world
Serbia	2010	$43.54B	81 of 210 · highest-to-lowest	61.7 / 100	0.1 (world = 100)	1.6%	155 of 210 · highest-to-lowest	26.3 / 100	-2.8 pp vs world	$5,887	104 of 210 · highest-to-lowest	50.7 / 100	61.7 (world = 100)	0.1%	81 of 210 · highest-to-lowest	61.7 / 100	-99.9 pp vs world
Serbia	2011	$51.24B	79 of 210 · highest-to-lowest	62.7 / 100	0.1 (world = 100)	0.1%	186 of 210 · highest-to-lowest	11.5 / 100	-3.2 pp vs world	$6,957	102 of 210 · highest-to-lowest	51.7 / 100	66.4 (world = 100)	0.1%	79 of 210 · highest-to-lowest	62.7 / 100	-99.9 pp vs world
Serbia	2012	$45.11B	86 of 210 · highest-to-lowest	59.3 / 100	0.1 (world = 100)	-0.4%	171 of 210 · highest-to-lowest	18.7 / 100	-3.2 pp vs world	$6,159	109 of 210 · highest-to-lowest	48.3 / 100	58.3 (world = 100)	0.1%	86 of 210 · highest-to-lowest	59.3 / 100	-99.9 pp vs world
Serbia	2013	$50.46B	84 of 210 · highest-to-lowest	60.3 / 100	0.1 (world = 100)	0.5%	165 of 210 · highest-to-lowest	21.5 / 100	-2.4 pp vs world	$6,934	105 of 210 · highest-to-lowest	50.2 / 100	64.5 (world = 100)	0.1%	84 of 210 · highest-to-lowest	60.3 / 100	-99.9 pp vs world
Serbia	2014	$49.11B	88 of 210 · highest-to-lowest	58.4 / 100	0.1 (world = 100)	-1.8%	199 of 210 · highest-to-lowest	5.3 / 100	-4.9 pp vs world	$6,796	107 of 210 · highest-to-lowest	49.3 / 100	62.4 (world = 100)	0.1%	88 of 210 · highest-to-lowest	58.4 / 100	-99.9 pp vs world
Serbia	2015	$41.30B	91 of 210 · highest-to-lowest	56.9 / 100	0.1 (world = 100)	1.3%	160 of 210 · highest-to-lowest	23.9 / 100	-1.9 pp vs world	$5,754	111 of 210 · highest-to-lowest	47.4 / 100	56.5 (world = 100)	0.1%	91 of 210 · highest-to-lowest	56.9 / 100	-99.9 pp vs world
Serbia	2016	$42.23B	90 of 210 · highest-to-lowest	57.4 / 100	0.1 (world = 100)	3.0%	112 of 210 · highest-to-lowest	46.9 / 100	+0.2 pp vs world	$5,925	105 of 210 · highest-to-lowest	50.2 / 100	57.9 (world = 100)	0.1%	90 of 210 · highest-to-lowest	57.4 / 100	-99.9 pp vs world
Serbia	2017	$45.97B	89 of 210 · highest-to-lowest	57.9 / 100	0.1 (world = 100)	2.4%	139 of 210 · highest-to-lowest	34.0 / 100	-1.1 pp vs world	$6,499	104 of 210 · highest-to-lowest	50.7 / 100	60.4 (world = 100)	0.1%	89 of 210 · highest-to-lowest	57.9 / 100	-99.9 pp vs world
Serbia	2018	$52.79B	88 of 210 · highest-to-lowest	58.4 / 100	0.1 (world = 100)	4.6%	65 of 210 · highest-to-lowest	69.4 / 100	+1.4 pp vs world	$7,520	100 of 210 · highest-to-lowest	52.6 / 100	66.5 (world = 100)	0.1%	88 of 210 · highest-to-lowest	58.4 / 100	-99.9 pp vs world
Serbia	2019	$53.86B	87 of 210 · highest-to-lowest	58.9 / 100	0.1 (world = 100)	4.8%	61 of 210 · highest-to-lowest	71.3 / 100	+2.1 pp vs world	$7,732	97 of 210 · highest-to-lowest	54.1 / 100	68.1 (world = 100)	0.1%	87 of 210 · highest-to-lowest	58.9 / 100	-99.9 pp vs world
Serbia	2020	$55.87B	83 of 210 · highest-to-lowest	60.8 / 100	0.1 (world = 100)	-1.0%	50 of 210 · highest-to-lowest	76.6 / 100	+2.0 pp vs world	$8,089	91 of 210 · highest-to-lowest	56.9 / 100	73.8 (world = 100)	0.1%	83 of 210 · highest-to-lowest	60.8 / 100	-99.9 pp vs world
Serbia	2021	$66.16B	82 of 210 · highest-to-lowest	61.2 / 100	0.1 (world = 100)	7.9%	55 of 210 · highest-to-lowest	74.2 / 100	+1.5 pp vs world	$9,679	89 of 210 · highest-to-lowest	57.9 / 100	78.0 (world = 100)	0.1%	82 of 210 · highest-to-lowest	61.2 / 100	-99.9 pp vs world
Serbia	2022	$66.80B	85 of 210 · highest-to-lowest	59.8 / 100	0.1 (world = 100)	2.6%	156 of 210 · highest-to-lowest	25.8 / 100	-0.7 pp vs world	$9,836	94 of 210 · highest-to-lowest	55.5 / 100	76.8 (world = 100)	0.1%	85 of 210 · highest-to-lowest	59.8 / 100	-99.9 pp vs world
Serbia	2023	$81.34B	78 of 210 · highest-to-lowest	63.2 / 100	0.1 (world = 100)	3.8%	79 of 210 · highest-to-lowest	62.7 / 100	+0.9 pp vs world	$12,009	90 of 210 · highest-to-lowest	57.4 / 100	90.6 (world = 100)	0.1%	78 of 210 · highest-to-lowest	63.2 / 100	-99.9 pp vs world
Serbia	2024	$89.07B	77 of 210 · highest-to-lowest	63.6 / 100	0.1 (world = 100)	3.9%	76 of 210 · highest-to-lowest	64.1 / 100	+1.0 pp vs world	$13,223	88 of 210 · highest-to-lowest	58.4 / 100	96.7 (world = 100)	0.1%	77 of 210 · highest-to-lowest	63.6 / 100	-99.9 pp vs world

Calculations created by Tesseron World Observatory, data from UNSD Analysis of Main Aggregates (2026-01-28_89ede278; source updated 2026-01-28T00:00:00).

The long view

Real output, indexed to a shared starting year

Indexing allows the country and benchmark trajectories to be compared without confusing their very different economic sizes.

Created by Tesseron World Observatory; data from UN Statistics Division Analysis of Main Aggregates - 28 January 2026 data snapshot.

SerbiaEuropeSouthern EuropeWorldConstant prices · U.S. dollars · index, shared start = 100

02 · Economic size and world position

How large is the economy, and where does it sit globally?

Nominal scale, real volume and share of world output provide three distinct views of economic size.

Full historical record

Nominal GDP

Nominal scale, real volume and share of world output provide three distinct views of economic size.

Serbia is shown against compatible UN benchmarks. The three fixed eras are labeled on the chart and summarized below.

Created by Tesseron World Observatory; data from UN Statistics Division Analysis of Main Aggregates - 28 January 2026 data snapshot.

SerbiaSouthern EuropeEuropeWorldCurrent prices · U.S. dollars

Formation1970–1990

$40.65B → $40.65B

Compound annual change: 0.0% CAGR

Integration1990–2010

$40.65B → $43.54B

Compound annual change: +0.3% CAGR

Current era2010–2024

$43.54B → $89.07B

Compound annual change: +5.2% CAGR

Nominal GDP$89.07B2024 · Published series · World rank 77 of 210 · highest-to-lowest

Real GDP$66.78B2024 · Published series · World rank 81 of 210 · highest-to-lowest

Share of world GDP0.1%2024 · Derived measure · World rank 77 of 210 · highest-to-lowest

Economic size and world position: annual rates, ranks and comparison indices35 annual rows

Annual non-duplicative measures used in the economic size and world position section. Annual rows cover the full 1970–2024 AMA record wherever the source publishes a value. World ranks run highest-to-lowest. The position index converts rank to a 0–100 scale: 100 is first and 0 is last; it is not a performance score. World comparison is either a world-equals-100 value index or a percentage-point gap, according to the measure.

Filter rows

From yearTo year

Showing 35 of 35 rows

Economic size and world position: annual rates, ranks and comparison indices

Serbia	1990	$40.65B	48 of 206 · highest-to-lowest	77.1 / 100	0.2 (world = 100)	$53.28B	60 of 206 · highest-to-lowest	71.2 / 100	0.1 (world = 100)	0.2%	48 of 206 · highest-to-lowest	77.1 / 100	-99.8 pp vs world
Serbia	1991	$37.12B	50 of 206 · highest-to-lowest	76.1 / 100	0.2 (world = 100)	$47.07B	59 of 206 · highest-to-lowest	71.7 / 100	0.1 (world = 100)	0.2%	50 of 206 · highest-to-lowest	76.1 / 100	-99.8 pp vs world
Serbia	1992	$27.29B	57 of 206 · highest-to-lowest	72.7 / 100	0.1 (world = 100)	$33.82B	67 of 206 · highest-to-lowest	67.8 / 100	0.1 (world = 100)	0.1%	57 of 206 · highest-to-lowest	72.7 / 100	-99.9 pp vs world
Serbia	1993	$19.43B	61 of 206 · highest-to-lowest	70.7 / 100	0.1 (world = 100)	$23.53B	74 of 206 · highest-to-lowest	64.4 / 100	0.1 (world = 100)	0.1%	61 of 206 · highest-to-lowest	70.7 / 100	-99.9 pp vs world
Serbia	1994	$21.01B	62 of 206 · highest-to-lowest	70.2 / 100	0.1 (world = 100)	$24.91B	73 of 206 · highest-to-lowest	64.9 / 100	0.1 (world = 100)	0.1%	62 of 206 · highest-to-lowest	70.2 / 100	-99.9 pp vs world
Serbia	1995	$23.39B	61 of 206 · highest-to-lowest	70.7 / 100	0.1 (world = 100)	$27.17B	73 of 206 · highest-to-lowest	64.9 / 100	0.1 (world = 100)	0.1%	61 of 206 · highest-to-lowest	70.7 / 100	-99.9 pp vs world
Serbia	1996	$25.29B	59 of 206 · highest-to-lowest	71.7 / 100	0.1 (world = 100)	$28.84B	73 of 206 · highest-to-lowest	64.9 / 100	0.1 (world = 100)	0.1%	59 of 206 · highest-to-lowest	71.7 / 100	-99.9 pp vs world
Serbia	1997	$24.10B	62 of 206 · highest-to-lowest	70.2 / 100	0.1 (world = 100)	$31.42B	73 of 206 · highest-to-lowest	64.9 / 100	0.1 (world = 100)	0.1%	62 of 206 · highest-to-lowest	70.2 / 100	-99.9 pp vs world
Serbia	1998	$21.99B	67 of 206 · highest-to-lowest	67.8 / 100	0.1 (world = 100)	$33.09B	72 of 206 · highest-to-lowest	65.4 / 100	0.1 (world = 100)	0.1%	67 of 206 · highest-to-lowest	67.8 / 100	-99.9 pp vs world
Serbia	1999	$12.86B	81 of 206 · highest-to-lowest	61.0 / 100	0.0 (world = 100)	$29.68B	75 of 206 · highest-to-lowest	63.9 / 100	0.1 (world = 100)	0.0%	81 of 206 · highest-to-lowest	61.0 / 100	-100.0 pp vs world
Serbia	2000	$10.51B	91 of 206 · highest-to-lowest	56.1 / 100	0.0 (world = 100)	$31.47B	75 of 206 · highest-to-lowest	63.9 / 100	0.1 (world = 100)	0.0%	91 of 206 · highest-to-lowest	56.1 / 100	-100.0 pp vs world
Serbia	2001	$13.60B	80 of 206 · highest-to-lowest	61.5 / 100	0.0 (world = 100)	$33.61B	73 of 206 · highest-to-lowest	64.9 / 100	0.1 (world = 100)	0.0%	80 of 206 · highest-to-lowest	61.5 / 100	-100.0 pp vs world
Serbia	2002	$17.93B	76 of 206 · highest-to-lowest	63.4 / 100	0.1 (world = 100)	$35.81B	73 of 206 · highest-to-lowest	64.9 / 100	0.1 (world = 100)	0.1%	76 of 206 · highest-to-lowest	63.4 / 100	-99.9 pp vs world
Serbia	2003	$23.59B	69 of 206 · highest-to-lowest	66.8 / 100	0.1 (world = 100)	$37.44B	72 of 206 · highest-to-lowest	65.4 / 100	0.1 (world = 100)	0.1%	69 of 206 · highest-to-lowest	66.8 / 100	-99.9 pp vs world
Serbia	2004	$26.85B	72 of 206 · highest-to-lowest	65.4 / 100	0.1 (world = 100)	$39.94B	73 of 206 · highest-to-lowest	64.9 / 100	0.1 (world = 100)	0.1%	72 of 206 · highest-to-lowest	65.4 / 100	-99.9 pp vs world
Serbia	2005	$28.33B	76 of 208 · highest-to-lowest	63.8 / 100	0.1 (world = 100)	$42.30B	73 of 208 · highest-to-lowest	65.2 / 100	0.1 (world = 100)	0.1%	76 of 208 · highest-to-lowest	63.8 / 100	-99.9 pp vs world
Serbia	2006	$33.29B	75 of 208 · highest-to-lowest	64.3 / 100	0.1 (world = 100)	$43.95B	73 of 208 · highest-to-lowest	65.2 / 100	0.1 (world = 100)	0.1%	75 of 208 · highest-to-lowest	64.3 / 100	-99.9 pp vs world
Serbia	2007	$44.89B	72 of 208 · highest-to-lowest	65.7 / 100	0.1 (world = 100)	$47.39B	75 of 208 · highest-to-lowest	64.3 / 100	0.1 (world = 100)	0.1%	72 of 208 · highest-to-lowest	65.7 / 100	-99.9 pp vs world
Serbia	2008	$54.22B	73 of 210 · highest-to-lowest	65.6 / 100	0.1 (world = 100)	$49.84B	76 of 210 · highest-to-lowest	64.1 / 100	0.1 (world = 100)	0.1%	73 of 210 · highest-to-lowest	65.6 / 100	-99.9 pp vs world
Serbia	2009	$46.94B	77 of 210 · highest-to-lowest	63.6 / 100	0.1 (world = 100)	$48.27B	76 of 210 · highest-to-lowest	64.1 / 100	0.1 (world = 100)	0.1%	77 of 210 · highest-to-lowest	63.6 / 100	-99.9 pp vs world
Serbia	2010	$43.54B	81 of 210 · highest-to-lowest	61.7 / 100	0.1 (world = 100)	$49.05B	76 of 210 · highest-to-lowest	64.1 / 100	0.1 (world = 100)	0.1%	81 of 210 · highest-to-lowest	61.7 / 100	-99.9 pp vs world
Serbia	2011	$51.24B	79 of 210 · highest-to-lowest	62.7 / 100	0.1 (world = 100)	$49.08B	79 of 210 · highest-to-lowest	62.7 / 100	0.1 (world = 100)	0.1%	79 of 210 · highest-to-lowest	62.7 / 100	-99.9 pp vs world
Serbia	2012	$45.11B	86 of 210 · highest-to-lowest	59.3 / 100	0.1 (world = 100)	$48.86B	80 of 210 · highest-to-lowest	62.2 / 100	0.1 (world = 100)	0.1%	86 of 210 · highest-to-lowest	59.3 / 100	-99.9 pp vs world
Serbia	2013	$50.46B	84 of 210 · highest-to-lowest	60.3 / 100	0.1 (world = 100)	$49.08B	83 of 210 · highest-to-lowest	60.8 / 100	0.1 (world = 100)	0.1%	84 of 210 · highest-to-lowest	60.3 / 100	-99.9 pp vs world
Serbia	2014	$49.11B	88 of 210 · highest-to-lowest	58.4 / 100	0.1 (world = 100)	$48.19B	84 of 210 · highest-to-lowest	60.3 / 100	0.1 (world = 100)	0.1%	88 of 210 · highest-to-lowest	58.4 / 100	-99.9 pp vs world
Serbia	2015	$41.30B	91 of 210 · highest-to-lowest	56.9 / 100	0.1 (world = 100)	$48.82B	84 of 210 · highest-to-lowest	60.3 / 100	0.1 (world = 100)	0.1%	91 of 210 · highest-to-lowest	56.9 / 100	-99.9 pp vs world
Serbia	2016	$42.23B	90 of 210 · highest-to-lowest	57.4 / 100	0.1 (world = 100)	$50.27B	84 of 210 · highest-to-lowest	60.3 / 100	0.1 (world = 100)	0.1%	90 of 210 · highest-to-lowest	57.4 / 100	-99.9 pp vs world
Serbia	2017	$45.97B	89 of 210 · highest-to-lowest	57.9 / 100	0.1 (world = 100)	$51.46B	87 of 210 · highest-to-lowest	58.9 / 100	0.1 (world = 100)	0.1%	89 of 210 · highest-to-lowest	57.9 / 100	-99.9 pp vs world
Serbia	2018	$52.79B	88 of 210 · highest-to-lowest	58.4 / 100	0.1 (world = 100)	$53.85B	86 of 210 · highest-to-lowest	59.3 / 100	0.1 (world = 100)	0.1%	88 of 210 · highest-to-lowest	58.4 / 100	-99.9 pp vs world
Serbia	2019	$53.86B	87 of 210 · highest-to-lowest	58.9 / 100	0.1 (world = 100)	$56.41B	85 of 210 · highest-to-lowest	59.8 / 100	0.1 (world = 100)	0.1%	87 of 210 · highest-to-lowest	58.9 / 100	-99.9 pp vs world
Serbia	2020	$55.87B	83 of 210 · highest-to-lowest	60.8 / 100	0.1 (world = 100)	$55.87B	83 of 210 · highest-to-lowest	60.8 / 100	0.1 (world = 100)	0.1%	83 of 210 · highest-to-lowest	60.8 / 100	-99.9 pp vs world
Serbia	2021	$66.16B	82 of 210 · highest-to-lowest	61.2 / 100	0.1 (world = 100)	$60.32B	83 of 210 · highest-to-lowest	60.8 / 100	0.1 (world = 100)	0.1%	82 of 210 · highest-to-lowest	61.2 / 100	-99.9 pp vs world
Serbia	2022	$66.80B	85 of 210 · highest-to-lowest	59.8 / 100	0.1 (world = 100)	$61.90B	82 of 210 · highest-to-lowest	61.2 / 100	0.1 (world = 100)	0.1%	85 of 210 · highest-to-lowest	59.8 / 100	-99.9 pp vs world
Serbia	2023	$81.34B	78 of 210 · highest-to-lowest	63.2 / 100	0.1 (world = 100)	$64.28B	81 of 210 · highest-to-lowest	61.7 / 100	0.1 (world = 100)	0.1%	78 of 210 · highest-to-lowest	63.2 / 100	-99.9 pp vs world
Serbia	2024	$89.07B	77 of 210 · highest-to-lowest	63.6 / 100	0.1 (world = 100)	$66.78B	81 of 210 · highest-to-lowest	61.7 / 100	0.1 (world = 100)	0.1%	77 of 210 · highest-to-lowest	63.6 / 100	-99.9 pp vs world

Calculations created by Tesseron World Observatory, data from UNSD Analysis of Main Aggregates (2026-01-28_89ede278; source updated 2026-01-28T00:00:00).

Interpretation note

Current U.S.-dollar GDP reflects domestic prices and exchange rates as well as production. It is not PPP adjusted.

Latest common comparison

Europe$27.20T2024

Southern Europe$5.05T2024

World$111.57T2024

03 · Output and income per person

What does the record show per person?

Current and constant-price per-person measures separate present-dollar scale from real change.

Full historical record

GDP per person

Current and constant-price per-person measures separate present-dollar scale from real change.

Serbia is shown against compatible UN benchmarks. The three fixed eras are labeled on the chart and summarized below.

Created by Tesseron World Observatory; data from UN Statistics Division Analysis of Main Aggregates - 28 January 2026 data snapshot.

SerbiaSouthern EuropeEuropeWorldCurrent prices · U.S. dollars per person

Formation1970–1990

$4,128 → $4,128

Compound annual change: 0.0% CAGR

Integration1990–2010

$4,128 → $5,887

Compound annual change: +1.8% CAGR

Current era2010–2024

$5,887 → $13,223

Compound annual change: +6.0% CAGR

GDP per person$13,2232024 · Published series · World rank 88 of 210 · highest-to-lowest

Real GDP per person$9,9132024 · Published series · World rank 90 of 210 · highest-to-lowest

Output and income per person: annual rates, ranks and comparison indices35 annual rows

Annual non-duplicative measures used in the output and income per person section. Annual rows cover the full 1970–2024 AMA record wherever the source publishes a value. World ranks run highest-to-lowest. The position index converts rank to a 0–100 scale: 100 is first and 0 is last; it is not a performance score. World comparison is either a world-equals-100 value index or a percentage-point gap, according to the measure.

Filter rows

From yearTo year

Showing 35 of 35 rows

Output and income per person: annual rates, ranks and comparison indices

Serbia	1990	$4,128	66 of 206 · highest-to-lowest	68.3 / 100	95.1 (world = 100)	$5,410	86 of 206 · highest-to-lowest	58.5 / 100	75.6 (world = 100)
Serbia	1991	$3,760	69 of 206 · highest-to-lowest	66.8 / 100	83.9 (world = 100)	$4,768	93 of 206 · highest-to-lowest	55.1 / 100	66.9 (world = 100)
Serbia	1992	$2,756	83 of 206 · highest-to-lowest	60.0 / 100	58.4 (world = 100)	$3,417	109 of 206 · highest-to-lowest	47.3 / 100	47.8 (world = 100)
Serbia	1993	$1,958	98 of 206 · highest-to-lowest	52.7 / 100	41.4 (world = 100)	$2,371	125 of 206 · highest-to-lowest	39.5 / 100	33.1 (world = 100)
Serbia	1994	$2,113	98 of 206 · highest-to-lowest	52.7 / 100	42.5 (world = 100)	$2,505	122 of 206 · highest-to-lowest	41.0 / 100	34.4 (world = 100)
Serbia	1995	$2,349	100 of 206 · highest-to-lowest	51.7 / 100	43.2 (world = 100)	$2,727	117 of 206 · highest-to-lowest	43.4 / 100	36.8 (world = 100)
Serbia	1996	$2,535	95 of 206 · highest-to-lowest	54.1 / 100	46.3 (world = 100)	$2,891	116 of 206 · highest-to-lowest	43.9 / 100	38.2 (world = 100)
Serbia	1997	$2,414	101 of 206 · highest-to-lowest	51.2 / 100	44.9 (world = 100)	$3,146	113 of 206 · highest-to-lowest	45.4 / 100	40.6 (world = 100)
Serbia	1998	$2,234	101 of 206 · highest-to-lowest	51.2 / 100	42.4 (world = 100)	$3,362	113 of 206 · highest-to-lowest	45.4 / 100	42.8 (world = 100)
Serbia	1999	$1,662	113 of 206 · highest-to-lowest	45.4 / 100	30.8 (world = 100)	$3,837	106 of 206 · highest-to-lowest	48.8 / 100	47.8 (world = 100)
Serbia	2000	$1,366	126 of 206 · highest-to-lowest	39.0 / 100	24.9 (world = 100)	$4,090	101 of 206 · highest-to-lowest	51.2 / 100	49.4 (world = 100)
Serbia	2001	$1,777	115 of 206 · highest-to-lowest	44.4 / 100	33.0 (world = 100)	$4,392	100 of 206 · highest-to-lowest	51.7 / 100	52.7 (world = 100)
Serbia	2002	$2,354	100 of 206 · highest-to-lowest	51.7 / 100	42.6 (world = 100)	$4,701	100 of 206 · highest-to-lowest	51.7 / 100	55.9 (world = 100)
Serbia	2003	$3,108	94 of 206 · highest-to-lowest	54.6 / 100	50.7 (world = 100)	$4,932	100 of 206 · highest-to-lowest	51.7 / 100	57.7 (world = 100)
Serbia	2004	$3,549	95 of 206 · highest-to-lowest	54.1 / 100	52.1 (world = 100)	$5,279	99 of 206 · highest-to-lowest	52.2 / 100	59.9 (world = 100)
Serbia	2005	$3,758	102 of 208 · highest-to-lowest	51.2 / 100	51.6 (world = 100)	$5,611	98 of 208 · highest-to-lowest	53.1 / 100	62.0 (world = 100)
Serbia	2006	$4,432	101 of 208 · highest-to-lowest	51.7 / 100	56.8 (world = 100)	$5,851	100 of 208 · highest-to-lowest	52.2 / 100	62.7 (world = 100)
Serbia	2007	$5,999	94 of 208 · highest-to-lowest	55.1 / 100	69.1 (world = 100)	$6,333	99 of 208 · highest-to-lowest	52.7 / 100	65.9 (world = 100)
Serbia	2008	$7,273	89 of 210 · highest-to-lowest	57.9 / 100	77.2 (world = 100)	$6,686	97 of 210 · highest-to-lowest	54.1 / 100	69.1 (world = 100)
Serbia	2009	$6,321	99 of 210 · highest-to-lowest	53.1 / 100	71.7 (world = 100)	$6,501	97 of 210 · highest-to-lowest	54.1 / 100	69.0 (world = 100)
Serbia	2010	$5,887	104 of 210 · highest-to-lowest	50.7 / 100	61.7 (world = 100)	$6,632	98 of 210 · highest-to-lowest	53.6 / 100	68.3 (world = 100)
Serbia	2011	$6,957	102 of 210 · highest-to-lowest	51.7 / 100	66.4 (world = 100)	$6,664	99 of 210 · highest-to-lowest	53.1 / 100	67.3 (world = 100)
Serbia	2012	$6,159	109 of 210 · highest-to-lowest	48.3 / 100	58.3 (world = 100)	$6,671	101 of 210 · highest-to-lowest	52.2 / 100	66.4 (world = 100)
Serbia	2013	$6,934	105 of 210 · highest-to-lowest	50.2 / 100	64.5 (world = 100)	$6,745	101 of 210 · highest-to-lowest	52.2 / 100	66.1 (world = 100)
Serbia	2014	$6,796	107 of 210 · highest-to-lowest	49.3 / 100	62.4 (world = 100)	$6,668	101 of 210 · highest-to-lowest	52.2 / 100	64.2 (world = 100)
Serbia	2015	$5,754	111 of 210 · highest-to-lowest	47.4 / 100	56.5 (world = 100)	$6,802	101 of 210 · highest-to-lowest	52.2 / 100	64.2 (world = 100)
Serbia	2016	$5,925	105 of 210 · highest-to-lowest	50.2 / 100	57.9 (world = 100)	$7,055	101 of 210 · highest-to-lowest	52.2 / 100	65.6 (world = 100)
Serbia	2017	$6,499	104 of 210 · highest-to-lowest	50.7 / 100	60.4 (world = 100)	$7,275	99 of 210 · highest-to-lowest	53.1 / 100	66.2 (world = 100)
Serbia	2018	$7,520	100 of 210 · highest-to-lowest	52.6 / 100	66.5 (world = 100)	$7,671	97 of 210 · highest-to-lowest	54.1 / 100	68.3 (world = 100)
Serbia	2019	$7,732	97 of 210 · highest-to-lowest	54.1 / 100	68.1 (world = 100)	$8,098	96 of 210 · highest-to-lowest	54.5 / 100	71.0 (world = 100)
Serbia	2020	$8,089	91 of 210 · highest-to-lowest	56.9 / 100	73.8 (world = 100)	$8,089	91 of 210 · highest-to-lowest	56.9 / 100	73.8 (world = 100)
Serbia	2021	$9,679	89 of 210 · highest-to-lowest	57.9 / 100	78.0 (world = 100)	$8,824	92 of 210 · highest-to-lowest	56.5 / 100	76.3 (world = 100)
Serbia	2022	$9,836	94 of 210 · highest-to-lowest	55.5 / 100	76.8 (world = 100)	$9,115	94 of 210 · highest-to-lowest	55.5 / 100	76.9 (world = 100)
Serbia	2023	$12,009	90 of 210 · highest-to-lowest	57.4 / 100	90.6 (world = 100)	$9,491	94 of 210 · highest-to-lowest	55.5 / 100	78.5 (world = 100)
Serbia	2024	$13,223	88 of 210 · highest-to-lowest	58.4 / 100	96.7 (world = 100)	$9,913	90 of 210 · highest-to-lowest	57.4 / 100	80.4 (world = 100)

Calculations created by Tesseron World Observatory, data from UNSD Analysis of Main Aggregates (2026-01-28_89ede278; source updated 2026-01-28T00:00:00).

Interpretation note

GDP per person is an accounting average, not a measure of household income distribution or living costs.

Latest common comparison

Europe$36,4082024

Southern Europe$33,4182024

World$13,6732024

04 · Real growth and output prices

How quickly has real activity changed, and how have output prices moved?

Real GDP growth, per-person growth and the implicit deflator answer different questions.

Full historical record

Real GDP growth

Real GDP growth, per-person growth and the implicit deflator answer different questions.

Serbia is shown against compatible UN benchmarks. The three fixed eras are labeled on the chart and summarized below.

Created by Tesseron World Observatory; data from UN Statistics Division Analysis of Main Aggregates - 28 January 2026 data snapshot.

SerbiaSouthern EuropeEuropeWorldConstant prices · percent

Formation1970–1990

Unavailable

Change: Unavailable

Integration1990–2010

-11.7% → 1.6%

Average annual rate: +0.3%

Current era2010–2024

1.6% → 3.9%

Average annual rate: +2.2%

Real GDP growth3.9%2024 · Published series · World rank 76 of 210 · highest-to-lowest

Real GDP-per-person growth4.4%2024 · Published series · World rank 39 of 210 · highest-to-lowest

Implicit GDP deflator139.92024 · Published series · World rank 45 of 210 · highest-to-lowest

Real growth and output prices: annual rates, ranks and comparison indices35 annual rows

Annual non-duplicative measures used in the real growth and output prices section. Annual rows cover the full 1970–2024 AMA record wherever the source publishes a value. World ranks run highest-to-lowest. The position index converts rank to a 0–100 scale: 100 is first and 0 is last; it is not a performance score. World comparison is either a world-equals-100 value index or a percentage-point gap, according to the measure.

Filter rows

From yearTo year

Showing 35 of 35 rows

Real growth and output prices: annual rates, ranks and comparison indices

Serbia	1990	Source observation unavailable	Not calculable without a source observation	Not calculable without a source observation	Comparable world observation unavailable	Source observation unavailable	Not calculable without a source observation	Not calculable without a source observation	Comparable world observation unavailable	0.0	206 of 206 · highest-to-lowest	0.0 / 100
Serbia	1991	-11.7%	193 of 206 · highest-to-lowest	6.3 / 100	-12.9 pp vs world	-11.9%	193 of 206 · highest-to-lowest	6.3 / 100	-11.4 pp vs world	0.0	206 of 206 · highest-to-lowest	0.0 / 100
Serbia	1992	-28.1%	200 of 206 · highest-to-lowest	2.9 / 100	-30.2 pp vs world	-28.3%	200 of 206 · highest-to-lowest	2.9 / 100	-28.8 pp vs world	0.0	205 of 206 · highest-to-lowest	0.5 / 100
Serbia	1993	-30.4%	204 of 206 · highest-to-lowest	1.0 / 100	-32.2 pp vs world	-30.6%	203 of 206 · highest-to-lowest	1.5 / 100	-30.8 pp vs world	1.3	183 of 206 · highest-to-lowest	11.2 / 100
Serbia	1994	5.9%	51 of 206 · highest-to-lowest	75.6 / 100	+2.6 pp vs world	5.6%	31 of 206 · highest-to-lowest	85.4 / 100	+3.9 pp vs world	1.3	188 of 206 · highest-to-lowest	8.8 / 100
Serbia	1995	9.1%	23 of 206 · highest-to-lowest	89.3 / 100	+6.0 pp vs world	8.9%	18 of 206 · highest-to-lowest	91.7 / 100	+7.2 pp vs world	2.3	188 of 206 · highest-to-lowest	8.8 / 100
Serbia	1996	6.2%	63 of 206 · highest-to-lowest	69.8 / 100	+2.6 pp vs world	6.0%	41 of 206 · highest-to-lowest	80.5 / 100	+3.9 pp vs world	4.2	186 of 206 · highest-to-lowest	9.8 / 100
Serbia	1997	8.9%	24 of 206 · highest-to-lowest	88.8 / 100	+5.0 pp vs world	8.8%	15 of 206 · highest-to-lowest	93.2 / 100	+6.4 pp vs world	5.0	188 of 206 · highest-to-lowest	8.8 / 100
Serbia	1998	5.3%	65 of 206 · highest-to-lowest	68.8 / 100	+2.5 pp vs world	6.9%	26 of 206 · highest-to-lowest	87.8 / 100	+5.4 pp vs world	6.2	189 of 206 · highest-to-lowest	8.3 / 100
Serbia	1999	-10.3%	203 of 206 · highest-to-lowest	1.5 / 100	-13.9 pp vs world	14.1%	4 of 206 · highest-to-lowest	98.5 / 100	+12.0 pp vs world	8.0	190 of 206 · highest-to-lowest	7.8 / 100
Serbia	2000	6.1%	48 of 206 · highest-to-lowest	77.1 / 100	+1.6 pp vs world	6.6%	31 of 206 · highest-to-lowest	85.4 / 100	+3.5 pp vs world	14.3	179 of 206 · highest-to-lowest	13.2 / 100
Serbia	2001	6.8%	32 of 206 · highest-to-lowest	84.9 / 100	+4.7 pp vs world	7.4%	22 of 206 · highest-to-lowest	89.8 / 100	+6.6 pp vs world	26.2	165 of 206 · highest-to-lowest	20.0 / 100
Serbia	2002	6.5%	36 of 206 · highest-to-lowest	82.9 / 100	+4.3 pp vs world	7.0%	26 of 206 · highest-to-lowest	87.8 / 100	+6.2 pp vs world	31.3	156 of 206 · highest-to-lowest	24.4 / 100
Serbia	2003	4.6%	90 of 206 · highest-to-lowest	56.6 / 100	+1.5 pp vs world	4.9%	52 of 206 · highest-to-lowest	75.1 / 100	+3.2 pp vs world	35.2	154 of 206 · highest-to-lowest	25.4 / 100
Serbia	2004	6.7%	66 of 206 · highest-to-lowest	68.3 / 100	+2.3 pp vs world	7.0%	38 of 206 · highest-to-lowest	82.0 / 100	+4.0 pp vs world	38.0	155 of 206 · highest-to-lowest	24.9 / 100
Serbia	2005	5.9%	83 of 206 · highest-to-lowest	60.0 / 100	+1.9 pp vs world	6.3%	43 of 206 · highest-to-lowest	79.5 / 100	+3.6 pp vs world	43.3	153 of 208 · highest-to-lowest	26.6 / 100
Serbia	2006	3.9%	150 of 208 · highest-to-lowest	28.0 / 100	-0.5 pp vs world	4.3%	94 of 208 · highest-to-lowest	55.1 / 100	+1.2 pp vs world	49.3	149 of 208 · highest-to-lowest	28.5 / 100
Serbia	2007	7.8%	55 of 208 · highest-to-lowest	73.9 / 100	+3.5 pp vs world	8.2%	33 of 208 · highest-to-lowest	84.5 / 100	+5.2 pp vs world	53.7	145 of 208 · highest-to-lowest	30.4 / 100
Serbia	2008	5.2%	77 of 208 · highest-to-lowest	63.3 / 100	+3.2 pp vs world	5.6%	45 of 208 · highest-to-lowest	78.7 / 100	+4.9 pp vs world	58.8	149 of 210 · highest-to-lowest	29.2 / 100
Serbia	2009	-3.1%	150 of 210 · highest-to-lowest	28.7 / 100	-1.7 pp vs world	-2.8%	128 of 210 · highest-to-lowest	39.2 / 100	-0.1 pp vs world	63.7	140 of 210 · highest-to-lowest	33.5 / 100
Serbia	2010	1.6%	155 of 210 · highest-to-lowest	26.3 / 100	-2.8 pp vs world	2.0%	125 of 210 · highest-to-lowest	40.7 / 100	-1.1 pp vs world	66.9	143 of 210 · highest-to-lowest	32.1 / 100
Serbia	2011	0.1%	186 of 210 · highest-to-lowest	11.5 / 100	-3.2 pp vs world	0.5%	152 of 210 · highest-to-lowest	27.8 / 100	-1.5 pp vs world	74.2	136 of 210 · highest-to-lowest	35.4 / 100
Serbia	2012	-0.4%	171 of 210 · highest-to-lowest	18.7 / 100	-3.2 pp vs world	0.1%	148 of 210 · highest-to-lowest	29.7 / 100	-1.3 pp vs world	78.7	131 of 210 · highest-to-lowest	37.8 / 100
Serbia	2013	0.5%	165 of 210 · highest-to-lowest	21.5 / 100	-2.4 pp vs world	1.1%	121 of 210 · highest-to-lowest	42.6 / 100	-0.4 pp vs world	84.9	118 of 210 · highest-to-lowest	44.0 / 100
Serbia	2014	-1.8%	199 of 210 · highest-to-lowest	5.3 / 100	-4.9 pp vs world	-1.1%	184 of 210 · highest-to-lowest	12.4 / 100	-3.0 pp vs world	87.3	118 of 210 · highest-to-lowest	44.0 / 100
Serbia	2015	1.3%	160 of 210 · highest-to-lowest	23.9 / 100	-1.9 pp vs world	2.0%	97 of 210 · highest-to-lowest	54.1 / 100	+0.1 pp vs world	89.2	116 of 210 · highest-to-lowest	45.0 / 100
Serbia	2016	3.0%	112 of 210 · highest-to-lowest	46.9 / 100	+0.2 pp vs world	3.7%	52 of 210 · highest-to-lowest	75.6 / 100	+2.2 pp vs world	90.6	121 of 210 · highest-to-lowest	42.6 / 100
Serbia	2017	2.4%	139 of 210 · highest-to-lowest	34.0 / 100	-1.1 pp vs world	3.1%	79 of 210 · highest-to-lowest	62.7 / 100	+0.9 pp vs world	93.3	115 of 210 · highest-to-lowest	45.5 / 100
Serbia	2018	4.6%	65 of 210 · highest-to-lowest	69.4 / 100	+1.4 pp vs world	5.4%	25 of 210 · highest-to-lowest	88.5 / 100	+3.3 pp vs world	95.2	122 of 210 · highest-to-lowest	42.1 / 100
Serbia	2019	4.8%	61 of 210 · highest-to-lowest	71.3 / 100	+2.1 pp vs world	5.6%	20 of 210 · highest-to-lowest	90.9 / 100	+4.0 pp vs world	97.4	120 of 210 · highest-to-lowest	43.1 / 100
Serbia	2020	-1.0%	50 of 210 · highest-to-lowest	76.6 / 100	+2.0 pp vs world	-0.1%	27 of 210 · highest-to-lowest	87.6 / 100	+3.8 pp vs world	100.0	1 of 210 · highest-to-lowest	100.0 / 100
Serbia	2021	7.9%	55 of 210 · highest-to-lowest	74.2 / 100	+1.5 pp vs world	9.1%	38 of 210 · highest-to-lowest	82.3 / 100	+3.6 pp vs world	105.7	90 of 210 · highest-to-lowest	57.4 / 100
Serbia	2022	2.6%	156 of 210 · highest-to-lowest	25.8 / 100	-0.7 pp vs world	3.3%	98 of 210 · highest-to-lowest	53.6 / 100	+0.8 pp vs world	116.8	70 of 210 · highest-to-lowest	67.0 / 100
Serbia	2023	3.8%	79 of 210 · highest-to-lowest	62.7 / 100	+0.9 pp vs world	4.1%	47 of 210 · highest-to-lowest	78.0 / 100	+2.1 pp vs world	133.0	48 of 210 · highest-to-lowest	77.5 / 100
Serbia	2024	3.9%	76 of 210 · highest-to-lowest	64.1 / 100	+1.0 pp vs world	4.4%	39 of 210 · highest-to-lowest	81.8 / 100	+2.5 pp vs world	139.9	45 of 210 · highest-to-lowest	78.9 / 100

Calculations created by Tesseron World Observatory, data from UNSD Analysis of Main Aggregates (2026-01-28_89ede278; source updated 2026-01-28T00:00:00).

Interpretation note

The implicit GDP deflator covers domestically produced output and is not a consumer price index. Annual growth can be volatile.

Latest common comparison

Europe1.3%2024

Southern Europe1.9%2024

World2.8%2024

05 · Consumption and domestic demand

How is output used for consumption and domestic demand?

Household and government consumption sit inside final consumption; domestic demand also includes capital formation.

Full historical record

Final Consumption

Household and government consumption sit inside final consumption; domestic demand also includes capital formation.

Serbia is shown against compatible UN benchmarks. The three fixed eras are labeled on the chart and summarized below.

Created by Tesseron World Observatory; data from UN Statistics Division Analysis of Main Aggregates - 28 January 2026 data snapshot.

SerbiaSouthern EuropeEuropeWorldCurrent prices · national currency · percent

Formation1970–1990

90.7% → 90.7%

Percentage-point change: 0.0 pp

Integration1990–2010

90.7% → 94.4%

Percentage-point change: +3.7 pp

Current era2010–2024

94.4% → 80.5%

Percentage-point change: -13.9 pp

Final consumption80.5%2024 · Published series · World rank 100 of 210 · highest-to-lowest

Household consumption62.7%2024 · Published series · World rank 106 of 209 · highest-to-lowest

Government consumption17.8%2024 · Published series · World rank 93 of 209 · highest-to-lowest

Domestic demand106.1%2024 · Derived measure · World rank 82 of 209 · highest-to-lowest

Consumption and domestic demand: annual rates, ranks and comparison indices35 annual rows

Annual non-duplicative measures used in the consumption and domestic demand section. Annual rows cover the full 1970–2024 AMA record wherever the source publishes a value. World ranks run highest-to-lowest. The position index converts rank to a 0–100 scale: 100 is first and 0 is last; it is not a performance score. World comparison is either a world-equals-100 value index or a percentage-point gap, according to the measure.

Filter rows

From yearTo year

Showing 35 of 35 rows

Consumption and domestic demand: annual rates, ranks and comparison indices

Serbia	1990	90.7%	49 of 206 · highest-to-lowest	76.6 / 100	+15.9 pp vs world	71.9%	63 of 205 · highest-to-lowest	69.6 / 100	+13.8 pp vs world	18.8%	77 of 205 · highest-to-lowest	62.7 / 100	+2.1 pp vs world	105.0%	90 of 205 · highest-to-lowest	56.4 / 100	+4.4 pp vs world
Serbia	1991	90.8%	54 of 206 · highest-to-lowest	74.1 / 100	+15.7 pp vs world	71.9%	72 of 205 · highest-to-lowest	65.2 / 100	+13.8 pp vs world	18.9%	77 of 205 · highest-to-lowest	62.7 / 100	+2.0 pp vs world	105.2%	82 of 205 · highest-to-lowest	60.3 / 100	+4.9 pp vs world
Serbia	1992	90.5%	65 of 206 · highest-to-lowest	68.8 / 100	+15.2 pp vs world	71.7%	73 of 205 · highest-to-lowest	64.7 / 100	+13.4 pp vs world	18.8%	78 of 205 · highest-to-lowest	62.3 / 100	+1.9 pp vs world	104.7%	91 of 205 · highest-to-lowest	55.9 / 100	+4.7 pp vs world
Serbia	1993	90.8%	58 of 206 · highest-to-lowest	72.2 / 100	+15.2 pp vs world	72.1%	69 of 205 · highest-to-lowest	66.7 / 100	+13.3 pp vs world	18.6%	83 of 205 · highest-to-lowest	59.8 / 100	+1.9 pp vs world	105.2%	89 of 205 · highest-to-lowest	56.9 / 100	+5.5 pp vs world
Serbia	1994	91.3%	53 of 206 · highest-to-lowest	74.6 / 100	+15.8 pp vs world	69.9%	74 of 205 · highest-to-lowest	64.2 / 100	+10.9 pp vs world	21.4%	59 of 205 · highest-to-lowest	71.6 / 100	+4.9 pp vs world	105.6%	81 of 205 · highest-to-lowest	60.8 / 100	+5.7 pp vs world
Serbia	1995	89.7%	51 of 206 · highest-to-lowest	75.6 / 100	+14.8 pp vs world	67.0%	92 of 205 · highest-to-lowest	55.4 / 100	+8.5 pp vs world	22.7%	45 of 205 · highest-to-lowest	78.4 / 100	+6.3 pp vs world	102.9%	110 of 205 · highest-to-lowest	46.6 / 100	+3.4 pp vs world
Serbia	1996	93.0%	47 of 206 · highest-to-lowest	77.6 / 100	+18.0 pp vs world	70.0%	79 of 205 · highest-to-lowest	61.8 / 100	+11.2 pp vs world	23.0%	41 of 205 · highest-to-lowest	80.4 / 100	+6.8 pp vs world	106.3%	85 of 205 · highest-to-lowest	58.8 / 100	+6.8 pp vs world
Serbia	1997	93.4%	43 of 206 · highest-to-lowest	79.5 / 100	+18.3 pp vs world	67.7%	89 of 205 · highest-to-lowest	56.9 / 100	+8.6 pp vs world	25.6%	24 of 205 · highest-to-lowest	88.7 / 100	+9.7 pp vs world	107.1%	78 of 205 · highest-to-lowest	62.3 / 100	+7.7 pp vs world
Serbia	1998	95.8%	39 of 206 · highest-to-lowest	81.5 / 100	+20.2 pp vs world	70.8%	76 of 205 · highest-to-lowest	63.2 / 100	+11.3 pp vs world	25.0%	30 of 205 · highest-to-lowest	85.8 / 100	+9.0 pp vs world	104.5%	107 of 205 · highest-to-lowest	48.0 / 100	+4.9 pp vs world
Serbia	1999	96.5%	36 of 206 · highest-to-lowest	82.9 / 100	+20.7 pp vs world	73.2%	55 of 205 · highest-to-lowest	73.5 / 100	+13.4 pp vs world	23.4%	36 of 205 · highest-to-lowest	82.8 / 100	+7.3 pp vs world	104.2%	102 of 205 · highest-to-lowest	50.5 / 100	+4.5 pp vs world
Serbia	2000	95.6%	38 of 206 · highest-to-lowest	82.0 / 100	+20.0 pp vs world	72.1%	66 of 205 · highest-to-lowest	68.1 / 100	+12.4 pp vs world	23.5%	34 of 205 · highest-to-lowest	83.8 / 100	+7.6 pp vs world	104.6%	95 of 205 · highest-to-lowest	53.9 / 100	+4.8 pp vs world
Serbia	2001	99.7%	28 of 206 · highest-to-lowest	86.8 / 100	+23.3 pp vs world	73.2%	59 of 205 · highest-to-lowest	71.6 / 100	+13.1 pp vs world	26.5%	23 of 205 · highest-to-lowest	89.2 / 100	+10.2 pp vs world	114.5%	44 of 205 · highest-to-lowest	78.9 / 100	+14.5 pp vs world
Serbia	2002	98.5%	27 of 206 · highest-to-lowest	87.3 / 100	+21.7 pp vs world	70.8%	80 of 205 · highest-to-lowest	61.3 / 100	+10.6 pp vs world	27.7%	17 of 205 · highest-to-lowest	92.2 / 100	+11.1 pp vs world	115.9%	41 of 205 · highest-to-lowest	80.4 / 100	+16.1 pp vs world
Serbia	2003	95.8%	36 of 206 · highest-to-lowest	82.9 / 100	+19.1 pp vs world	67.9%	88 of 205 · highest-to-lowest	57.4 / 100	+8.1 pp vs world	27.9%	15 of 205 · highest-to-lowest	93.1 / 100	+11.0 pp vs world	114.2%	49 of 205 · highest-to-lowest	76.5 / 100	+14.3 pp vs world
Serbia	2004	98.5%	27 of 206 · highest-to-lowest	87.3 / 100	+22.6 pp vs world	73.8%	63 of 205 · highest-to-lowest	69.6 / 100	+14.7 pp vs world	24.7%	24 of 205 · highest-to-lowest	88.7 / 100	+8.0 pp vs world	123.3%	26 of 205 · highest-to-lowest	87.7 / 100	+23.6 pp vs world
Serbia	2005	95.0%	44 of 208 · highest-to-lowest	79.2 / 100	+19.6 pp vs world	73.8%	65 of 207 · highest-to-lowest	68.9 / 100	+15.1 pp vs world	21.2%	39 of 207 · highest-to-lowest	81.6 / 100	+4.6 pp vs world	116.8%	48 of 207 · highest-to-lowest	77.2 / 100	+17.1 pp vs world
Serbia	2006	95.9%	42 of 208 · highest-to-lowest	80.2 / 100	+21.4 pp vs world	74.7%	61 of 207 · highest-to-lowest	70.9 / 100	+16.7 pp vs world	21.2%	35 of 207 · highest-to-lowest	83.5 / 100	+4.7 pp vs world	117.6%	52 of 207 · highest-to-lowest	75.2 / 100	+18.3 pp vs world
Serbia	2007	95.3%	43 of 208 · highest-to-lowest	79.7 / 100	+21.4 pp vs world	72.8%	66 of 207 · highest-to-lowest	68.4 / 100	+15.3 pp vs world	22.5%	27 of 207 · highest-to-lowest	87.4 / 100	+6.0 pp vs world	120.2%	46 of 207 · highest-to-lowest	78.2 / 100	+21.0 pp vs world
Serbia	2008	95.1%	48 of 210 · highest-to-lowest	77.5 / 100	+21.1 pp vs world	73.1%	72 of 209 · highest-to-lowest	65.9 / 100	+16.0 pp vs world	22.0%	31 of 209 · highest-to-lowest	85.6 / 100	+5.2 pp vs world	121.0%	49 of 209 · highest-to-lowest	76.9 / 100	+21.7 pp vs world
Serbia	2009	94.3%	55 of 210 · highest-to-lowest	74.2 / 100	+18.2 pp vs world	72.8%	74 of 209 · highest-to-lowest	64.9 / 100	+14.8 pp vs world	21.4%	47 of 209 · highest-to-lowest	77.9 / 100	+3.5 pp vs world	112.8%	65 of 209 · highest-to-lowest	69.2 / 100	+13.4 pp vs world
Serbia	2010	94.4%	49 of 210 · highest-to-lowest	77.0 / 100	+19.9 pp vs world	73.1%	70 of 209 · highest-to-lowest	66.8 / 100	+16.0 pp vs world	21.3%	44 of 209 · highest-to-lowest	79.3 / 100	+3.8 pp vs world	111.7%	70 of 209 · highest-to-lowest	66.8 / 100	+12.6 pp vs world
Serbia	2011	94.2%	43 of 210 · highest-to-lowest	79.9 / 100	+20.3 pp vs world	73.2%	68 of 209 · highest-to-lowest	67.8 / 100	+16.7 pp vs world	20.9%	41 of 209 · highest-to-lowest	80.8 / 100	+3.7 pp vs world	112.3%	67 of 209 · highest-to-lowest	68.3 / 100	+13.2 pp vs world
Serbia	2012	94.4%	47 of 210 · highest-to-lowest	78.0 / 100	+20.7 pp vs world	72.9%	68 of 209 · highest-to-lowest	67.8 / 100	+16.4 pp vs world	21.5%	38 of 209 · highest-to-lowest	82.2 / 100	+4.4 pp vs world	113.2%	68 of 209 · highest-to-lowest	67.8 / 100	+14.2 pp vs world
Serbia	2013	90.8%	65 of 210 · highest-to-lowest	69.4 / 100	+17.2 pp vs world	70.7%	81 of 209 · highest-to-lowest	61.5 / 100	+14.0 pp vs world	20.1%	49 of 209 · highest-to-lowest	76.9 / 100	+3.1 pp vs world	107.9%	89 of 209 · highest-to-lowest	57.7 / 100	+8.8 pp vs world
Serbia	2014	91.3%	54 of 210 · highest-to-lowest	74.6 / 100	+17.7 pp vs world	71.4%	69 of 209 · highest-to-lowest	67.3 / 100	+14.7 pp vs world	19.9%	56 of 209 · highest-to-lowest	73.6 / 100	+3.0 pp vs world	107.7%	78 of 209 · highest-to-lowest	63.0 / 100	+8.5 pp vs world
Serbia	2015	88.2%	64 of 210 · highest-to-lowest	69.9 / 100	+14.5 pp vs world	70.0%	71 of 209 · highest-to-lowest	66.3 / 100	+12.9 pp vs world	18.3%	81 of 209 · highest-to-lowest	61.5 / 100	+1.6 pp vs world	106.8%	87 of 209 · highest-to-lowest	58.7 / 100	+7.3 pp vs world
Serbia	2016	86.6%	68 of 210 · highest-to-lowest	67.9 / 100	+12.8 pp vs world	69.1%	71 of 209 · highest-to-lowest	66.3 / 100	+11.9 pp vs world	17.5%	93 of 209 · highest-to-lowest	55.8 / 100	+0.9 pp vs world	104.8%	95 of 209 · highest-to-lowest	54.8 / 100	+5.5 pp vs world
Serbia	2017	86.8%	65 of 210 · highest-to-lowest	69.4 / 100	+13.4 pp vs world	69.2%	68 of 209 · highest-to-lowest	67.8 / 100	+12.4 pp vs world	17.5%	90 of 209 · highest-to-lowest	57.2 / 100	+1.1 pp vs world	106.5%	80 of 209 · highest-to-lowest	62.0 / 100	+7.2 pp vs world
Serbia	2018	85.7%	70 of 210 · highest-to-lowest	67.0 / 100	+12.9 pp vs world	67.7%	79 of 209 · highest-to-lowest	62.5 / 100	+11.4 pp vs world	18.0%	82 of 209 · highest-to-lowest	61.1 / 100	+1.6 pp vs world	108.2%	78 of 209 · highest-to-lowest	63.0 / 100	+9.1 pp vs world
Serbia	2019	84.7%	76 of 210 · highest-to-lowest	64.1 / 100	+11.7 pp vs world	66.4%	88 of 209 · highest-to-lowest	58.2 / 100	+10.0 pp vs world	18.4%	82 of 209 · highest-to-lowest	61.1 / 100	+1.8 pp vs world	109.7%	70 of 209 · highest-to-lowest	66.8 / 100	+10.2 pp vs world
Serbia	2020	84.0%	92 of 210 · highest-to-lowest	56.5 / 100	+10.8 pp vs world	64.6%	97 of 209 · highest-to-lowest	53.8 / 100	+9.2 pp vs world	19.4%	89 of 209 · highest-to-lowest	57.7 / 100	+1.6 pp vs world	108.1%	83 of 209 · highest-to-lowest	60.6 / 100	+8.6 pp vs world
Serbia	2021	82.7%	92 of 210 · highest-to-lowest	56.5 / 100	+10.8 pp vs world	64.0%	99 of 209 · highest-to-lowest	52.9 / 100	+9.0 pp vs world	18.8%	83 of 209 · highest-to-lowest	60.6 / 100	+1.8 pp vs world	107.7%	87 of 209 · highest-to-lowest	58.7 / 100	+8.7 pp vs world
Serbia	2022	84.0%	85 of 210 · highest-to-lowest	59.8 / 100	+12.1 pp vs world	65.7%	94 of 209 · highest-to-lowest	55.3 / 100	+10.1 pp vs world	18.4%	79 of 209 · highest-to-lowest	62.5 / 100	+2.0 pp vs world	110.4%	71 of 209 · highest-to-lowest	66.3 / 100	+11.3 pp vs world
Serbia	2023	79.7%	102 of 210 · highest-to-lowest	51.7 / 100	+6.8 pp vs world	62.6%	108 of 209 · highest-to-lowest	48.6 / 100	+6.2 pp vs world	17.1%	98 of 209 · highest-to-lowest	53.4 / 100	+0.6 pp vs world	104.3%	94 of 209 · highest-to-lowest	55.3 / 100	+5.1 pp vs world
Serbia	2024	80.5%	100 of 210 · highest-to-lowest	52.6 / 100	+7.3 pp vs world	62.7%	106 of 209 · highest-to-lowest	49.5 / 100	+6.1 pp vs world	17.8%	93 of 209 · highest-to-lowest	55.8 / 100	+1.2 pp vs world	106.1%	82 of 209 · highest-to-lowest	61.1 / 100	+6.9 pp vs world

Calculations created by Tesseron World Observatory, data from UNSD Analysis of Main Aggregates (2026-01-28_89ede278; source updated 2026-01-28T00:00:00).

Interpretation note

Parent aggregates and their components should not be added together. Shares describe composition, not the quality of spending.

Latest common comparison

Europe74.5%2024

Southern Europe76.3%2024

World73.2%2024

06 · Investment and capital formation

How much current output is directed toward capital formation?

Gross capital formation combines fixed investment and inventory change as shares of GDP.

Full historical record

Gross Capital Formation

Gross capital formation combines fixed investment and inventory change as shares of GDP.

Serbia is shown against compatible UN benchmarks. The three fixed eras are labeled on the chart and summarized below.

Created by Tesseron World Observatory; data from UN Statistics Division Analysis of Main Aggregates - 28 January 2026 data snapshot.

SerbiaSouthern EuropeEuropeWorldCurrent prices · national currency · percent

Formation1970–1990

14.3% → 14.3%

Percentage-point change: 0.0 pp

Integration1990–2010

14.3% → 17.3%

Percentage-point change: +3.0 pp

Current era2010–2024

17.3% → 25.6%

Percentage-point change: +8.2 pp

Gross capital formation25.6%2024 · Published series · World rank 75 of 209 · highest-to-lowest

Gross fixed capital formation23.6%2024 · Published series · World rank 82 of 209 · highest-to-lowest

Changes in inventories1.9%2024 · Published series · World rank 38 of 163 · highest-to-lowest

Investment and capital formation: annual rates, ranks and comparison indices35 annual rows

Annual non-duplicative measures used in the investment and capital formation section. Annual rows cover the full 1970–2024 AMA record wherever the source publishes a value. World ranks run highest-to-lowest. The position index converts rank to a 0–100 scale: 100 is first and 0 is last; it is not a performance score. World comparison is either a world-equals-100 value index or a percentage-point gap, according to the measure.

Filter rows

From yearTo year

Showing 35 of 35 rows

Investment and capital formation: annual rates, ranks and comparison indices

Serbia	1990	14.3%	177 of 205 · highest-to-lowest	13.7 / 100	-11.5 pp vs world	11.1%	194 of 205 · highest-to-lowest	5.4 / 100	-13.9 pp vs world	3.2%	42 of 174 · highest-to-lowest	76.3 / 100	+2.5 pp vs world
Serbia	1991	14.4%	176 of 205 · highest-to-lowest	14.2 / 100	-10.8 pp vs world	11.1%	189 of 205 · highest-to-lowest	7.8 / 100	-13.1 pp vs world	3.2%	40 of 172 · highest-to-lowest	77.2 / 100	+2.3 pp vs world
Serbia	1992	14.2%	173 of 205 · highest-to-lowest	15.7 / 100	-10.5 pp vs world	11.1%	191 of 205 · highest-to-lowest	6.9 / 100	-12.7 pp vs world	3.1%	36 of 167 · highest-to-lowest	78.9 / 100	+2.3 pp vs world
Serbia	1993	14.4%	172 of 205 · highest-to-lowest	16.2 / 100	-9.8 pp vs world	11.1%	190 of 205 · highest-to-lowest	7.4 / 100	-12.6 pp vs world	3.3%	18 of 170 · highest-to-lowest	89.9 / 100	+2.8 pp vs world
Serbia	1994	14.3%	177 of 205 · highest-to-lowest	13.7 / 100	-10.1 pp vs world	11.0%	187 of 205 · highest-to-lowest	8.8 / 100	-12.6 pp vs world	3.3%	33 of 170 · highest-to-lowest	81.1 / 100	+2.5 pp vs world
Serbia	1995	13.2%	188 of 205 · highest-to-lowest	8.3 / 100	-11.4 pp vs world	10.6%	194 of 205 · highest-to-lowest	5.4 / 100	-13.0 pp vs world	2.5%	36 of 171 · highest-to-lowest	79.4 / 100	+1.7 pp vs world
Serbia	1996	13.3%	191 of 205 · highest-to-lowest	6.9 / 100	-11.2 pp vs world	10.4%	199 of 205 · highest-to-lowest	2.9 / 100	-13.4 pp vs world	2.9%	29 of 171 · highest-to-lowest	83.5 / 100	+2.2 pp vs world
Serbia	1997	13.7%	186 of 205 · highest-to-lowest	9.3 / 100	-10.6 pp vs world	11.2%	190 of 205 · highest-to-lowest	7.4 / 100	-12.3 pp vs world	2.5%	39 of 172 · highest-to-lowest	77.8 / 100	+1.6 pp vs world
Serbia	1998	8.7%	201 of 205 · highest-to-lowest	2.0 / 100	-15.3 pp vs world	11.2%	192 of 205 · highest-to-lowest	6.4 / 100	-12.1 pp vs world	-2.6%	162 of 168 · highest-to-lowest	3.6 / 100	-3.2 pp vs world
Serbia	1999	7.7%	201 of 205 · highest-to-lowest	2.0 / 100	-16.2 pp vs world	10.5%	195 of 205 · highest-to-lowest	4.9 / 100	-13.0 pp vs world	-2.8%	162 of 168 · highest-to-lowest	3.6 / 100	-3.2 pp vs world
Serbia	2000	9.1%	200 of 205 · highest-to-lowest	2.5 / 100	-15.2 pp vs world	11.6%	194 of 205 · highest-to-lowest	5.4 / 100	-12.0 pp vs world	-2.5%	166 of 170 · highest-to-lowest	2.4 / 100	-3.2 pp vs world
Serbia	2001	14.7%	175 of 205 · highest-to-lowest	14.7 / 100	-8.8 pp vs world	11.8%	189 of 205 · highest-to-lowest	7.8 / 100	-11.5 pp vs world	2.9%	29 of 172 · highest-to-lowest	83.6 / 100	+2.6 pp vs world
Serbia	2002	17.4%	163 of 205 · highest-to-lowest	20.6 / 100	-5.6 pp vs world	14.7%	173 of 205 · highest-to-lowest	15.7 / 100	-8.0 pp vs world	2.7%	31 of 175 · highest-to-lowest	82.8 / 100	+2.4 pp vs world
Serbia	2003	18.4%	153 of 205 · highest-to-lowest	25.5 / 100	-4.8 pp vs world	16.6%	161 of 205 · highest-to-lowest	21.6 / 100	-6.2 pp vs world	1.8%	43 of 174 · highest-to-lowest	75.7 / 100	+1.4 pp vs world
Serbia	2004	24.9%	74 of 205 · highest-to-lowest	64.2 / 100	+1.0 pp vs world	19.4%	136 of 205 · highest-to-lowest	33.8 / 100	-3.7 pp vs world	5.5%	12 of 178 · highest-to-lowest	93.8 / 100	+4.7 pp vs world
Serbia	2005	21.8%	122 of 207 · highest-to-lowest	41.3 / 100	-2.5 pp vs world	19.3%	141 of 207 · highest-to-lowest	32.0 / 100	-4.4 pp vs world	2.5%	34 of 178 · highest-to-lowest	81.4 / 100	+1.9 pp vs world
Serbia	2006	21.7%	132 of 207 · highest-to-lowest	36.4 / 100	-3.1 pp vs world	21.2%	127 of 207 · highest-to-lowest	38.8 / 100	-2.9 pp vs world	0.5%	107 of 180 · highest-to-lowest	40.8 / 100	-0.2 pp vs world
Serbia	2007	24.9%	100 of 207 · highest-to-lowest	51.9 / 100	-0.4 pp vs world	23.6%	104 of 207 · highest-to-lowest	50.0 / 100	-0.7 pp vs world	1.3%	76 of 179 · highest-to-lowest	57.9 / 100	+0.3 pp vs world
Serbia	2008	25.9%	100 of 209 · highest-to-lowest	52.4 / 100	+0.5 pp vs world	23.5%	110 of 209 · highest-to-lowest	47.6 / 100	-0.9 pp vs world	2.4%	49 of 180 · highest-to-lowest	73.2 / 100	+1.4 pp vs world
Serbia	2009	18.6%	160 of 209 · highest-to-lowest	23.6 / 100	-4.8 pp vs world	18.6%	158 of 209 · highest-to-lowest	24.5 / 100	-5.1 pp vs world	-0.0%	101 of 179 · highest-to-lowest	43.8 / 100	+0.3 pp vs world
Serbia	2010	17.3%	175 of 209 · highest-to-lowest	16.3 / 100	-7.2 pp vs world	17.5%	170 of 209 · highest-to-lowest	18.8 / 100	-6.0 pp vs world	-0.2%	153 of 178 · highest-to-lowest	14.1 / 100	-1.2 pp vs world
Serbia	2011	18.1%	168 of 209 · highest-to-lowest	19.7 / 100	-7.1 pp vs world	17.3%	169 of 209 · highest-to-lowest	19.2 / 100	-6.7 pp vs world	0.8%	95 of 179 · highest-to-lowest	47.2 / 100	-0.4 pp vs world
Serbia	2012	18.8%	150 of 209 · highest-to-lowest	28.4 / 100	-6.6 pp vs world	19.9%	134 of 209 · highest-to-lowest	36.1 / 100	-4.6 pp vs world	-1.1%	167 of 178 · highest-to-lowest	6.2 / 100	-2.0 pp vs world
Serbia	2013	17.1%	167 of 209 · highest-to-lowest	20.2 / 100	-8.3 pp vs world	16.4%	174 of 209 · highest-to-lowest	16.8 / 100	-8.2 pp vs world	0.7%	86 of 176 · highest-to-lowest	51.4 / 100	-0.1 pp vs world
Serbia	2014	16.5%	174 of 209 · highest-to-lowest	16.8 / 100	-9.3 pp vs world	15.9%	180 of 209 · highest-to-lowest	13.9 / 100	-9.0 pp vs world	0.6%	87 of 175 · highest-to-lowest	50.6 / 100	-0.3 pp vs world
Serbia	2015	18.5%	162 of 209 · highest-to-lowest	22.6 / 100	-7.3 pp vs world	16.8%	175 of 209 · highest-to-lowest	16.3 / 100	-8.2 pp vs world	1.7%	40 of 176 · highest-to-lowest	77.7 / 100	+1.0 pp vs world
Serbia	2016	18.2%	161 of 209 · highest-to-lowest	23.1 / 100	-7.2 pp vs world	17.0%	169 of 209 · highest-to-lowest	19.2 / 100	-7.9 pp vs world	1.2%	52 of 176 · highest-to-lowest	70.9 / 100	+0.7 pp vs world
Serbia	2017	19.7%	146 of 209 · highest-to-lowest	30.3 / 100	-6.2 pp vs world	17.8%	161 of 209 · highest-to-lowest	23.1 / 100	-7.4 pp vs world	1.9%	34 of 175 · highest-to-lowest	81.0 / 100	+1.2 pp vs world
Serbia	2018	22.5%	110 of 209 · highest-to-lowest	47.6 / 100	-3.8 pp vs world	19.9%	138 of 209 · highest-to-lowest	34.1 / 100	-5.7 pp vs world	2.5%	34 of 175 · highest-to-lowest	81.0 / 100	+1.8 pp vs world
Serbia	2019	24.9%	79 of 209 · highest-to-lowest	62.5 / 100	-1.5 pp vs world	22.3%	106 of 209 · highest-to-lowest	49.5 / 100	-3.6 pp vs world	2.6%	31 of 174 · highest-to-lowest	82.7 / 100	+2.1 pp vs world
Serbia	2020	24.1%	80 of 209 · highest-to-lowest	62.0 / 100	-2.2 pp vs world	21.4%	110 of 209 · highest-to-lowest	47.6 / 100	-4.5 pp vs world	2.6%	24 of 173 · highest-to-lowest	86.6 / 100	+2.3 pp vs world
Serbia	2021	24.9%	87 of 209 · highest-to-lowest	58.7 / 100	-2.1 pp vs world	23.1%	95 of 209 · highest-to-lowest	54.8 / 100	-3.0 pp vs world	1.9%	49 of 171 · highest-to-lowest	71.8 / 100	+0.9 pp vs world
Serbia	2022	26.4%	78 of 209 · highest-to-lowest	63.0 / 100	-0.8 pp vs world	23.9%	77 of 209 · highest-to-lowest	63.5 / 100	-2.0 pp vs world	2.5%	52 of 170 · highest-to-lowest	69.8 / 100	+1.2 pp vs world
Serbia	2023	24.6%	86 of 209 · highest-to-lowest	59.1 / 100	-1.7 pp vs world	23.4%	89 of 209 · highest-to-lowest	57.7 / 100	-2.4 pp vs world	1.2%	53 of 169 · highest-to-lowest	69.0 / 100	+0.7 pp vs world
Serbia	2024	25.6%	75 of 209 · highest-to-lowest	64.4 / 100	-0.4 pp vs world	23.6%	82 of 209 · highest-to-lowest	61.1 / 100	-1.8 pp vs world	1.9%	38 of 163 · highest-to-lowest	77.2 / 100	+1.4 pp vs world

Calculations created by Tesseron World Observatory, data from UNSD Analysis of Main Aggregates (2026-01-28_89ede278; source updated 2026-01-28T00:00:00).

Interpretation note

A larger investment share is not automatically better; depreciation, utilization and project quality are outside this accounting measure.

Latest common comparison

Europe21.8%2024

Southern Europe21.6%2024

World26.0%2024

07 · Trade structure and external balance

How exposed is the economy to trade, and what is the external balance?

Exports, imports, openness and net exports distinguish exposure from surplus or deficit.

Full historical record

Trade openness

Exports, imports, openness and net exports distinguish exposure from surplus or deficit.

Serbia is shown against compatible UN benchmarks. The three fixed eras are labeled on the chart and summarized below.

Created by Tesseron World Observatory; data from UN Statistics Division Analysis of Main Aggregates - 28 January 2026 data snapshot.

SerbiaSouthern EuropeEuropeWorldCurrent prices · percent

Formation1970–1990

22.1% → 22.1%

Percentage-point change: 0.0 pp

Integration1990–2010

22.1% → 73.7%

Percentage-point change: +51.6 pp

Current era2010–2024

73.7% → 111.5%

Percentage-point change: +37.8 pp

Exports52.7%2024 · Published series · World rank 59 of 210 · highest-to-lowest

Imports58.8%2024 · Published series · World rank 62 of 210 · highest-to-lowest

Net exports-6.1%2024 · Derived measure · World rank 128 of 210 · highest-to-lowest

Trade openness111.5%2024 · Derived measure · World rank 57 of 210 · highest-to-lowest

Trade structure and external balance: annual rates, ranks and comparison indices35 annual rows

Annual non-duplicative measures used in the trade structure and external balance section. Annual rows cover the full 1970–2024 AMA record wherever the source publishes a value. World ranks run highest-to-lowest. The position index converts rank to a 0–100 scale: 100 is first and 0 is last; it is not a performance score. World comparison is either a world-equals-100 value index or a percentage-point gap, according to the measure.

Filter rows

From yearTo year

Showing 35 of 35 rows

Trade structure and external balance: annual rates, ranks and comparison indices

Serbia	1990	8.6%	191 of 206 · highest-to-lowest	7.3 / 100	-10.4 pp vs world	13.6%	192 of 206 · highest-to-lowest	6.8 / 100	-5.6 pp vs world	-5.0%	120 of 206 · highest-to-lowest	42.0 / 100	-4.8 pp vs world	22.1%	192 of 206 · highest-to-lowest	6.8 / 100	-16.0 pp vs world
Serbia	1991	8.9%	189 of 206 · highest-to-lowest	8.3 / 100	-9.7 pp vs world	14.1%	189 of 206 · highest-to-lowest	8.3 / 100	-4.5 pp vs world	-5.2%	123 of 206 · highest-to-lowest	40.5 / 100	-5.1 pp vs world	23.0%	194 of 206 · highest-to-lowest	5.9 / 100	-14.2 pp vs world
Serbia	1992	8.0%	193 of 206 · highest-to-lowest	6.3 / 100	-11.8 pp vs world	12.6%	193 of 206 · highest-to-lowest	6.3 / 100	-6.8 pp vs world	-4.7%	112 of 206 · highest-to-lowest	45.9 / 100	-5.0 pp vs world	20.6%	195 of 206 · highest-to-lowest	5.4 / 100	-18.6 pp vs world
Serbia	1993	8.8%	197 of 206 · highest-to-lowest	4.4 / 100	-10.0 pp vs world	14.0%	194 of 206 · highest-to-lowest	5.9 / 100	-4.4 pp vs world	-5.2%	115 of 206 · highest-to-lowest	44.4 / 100	-5.6 pp vs world	22.7%	196 of 206 · highest-to-lowest	4.9 / 100	-14.4 pp vs world
Serbia	1994	9.7%	194 of 206 · highest-to-lowest	5.9 / 100	-9.8 pp vs world	15.2%	193 of 206 · highest-to-lowest	6.3 / 100	-3.7 pp vs world	-5.6%	120 of 206 · highest-to-lowest	42.0 / 100	-6.1 pp vs world	24.9%	196 of 206 · highest-to-lowest	4.9 / 100	-13.5 pp vs world
Serbia	1995	4.9%	203 of 206 · highest-to-lowest	1.5 / 100	-15.8 pp vs world	7.7%	203 of 206 · highest-to-lowest	1.5 / 100	-12.4 pp vs world	-2.9%	93 of 206 · highest-to-lowest	55.1 / 100	-3.4 pp vs world	12.6%	204 of 206 · highest-to-lowest	1.0 / 100	-28.2 pp vs world
Serbia	1996	10.5%	191 of 206 · highest-to-lowest	7.3 / 100	-10.6 pp vs world	16.8%	196 of 206 · highest-to-lowest	4.9 / 100	-3.9 pp vs world	-6.3%	120 of 206 · highest-to-lowest	42.0 / 100	-6.7 pp vs world	27.3%	197 of 206 · highest-to-lowest	4.4 / 100	-14.5 pp vs world
Serbia	1997	12.8%	183 of 206 · highest-to-lowest	11.2 / 100	-9.2 pp vs world	19.9%	183 of 206 · highest-to-lowest	11.2 / 100	-1.6 pp vs world	-7.1%	127 of 206 · highest-to-lowest	38.5 / 100	-7.6 pp vs world	32.7%	188 of 206 · highest-to-lowest	8.8 / 100	-10.8 pp vs world
Serbia	1998	17.3%	165 of 206 · highest-to-lowest	20.0 / 100	-4.5 pp vs world	21.8%	174 of 206 · highest-to-lowest	15.6 / 100	+0.4 pp vs world	-4.5%	97 of 206 · highest-to-lowest	53.2 / 100	-4.8 pp vs world	39.2%	178 of 206 · highest-to-lowest	13.7 / 100	-4.1 pp vs world
Serbia	1999	10.0%	191 of 206 · highest-to-lowest	7.3 / 100	-11.9 pp vs world	14.2%	197 of 206 · highest-to-lowest	4.4 / 100	-7.4 pp vs world	-4.2%	103 of 206 · highest-to-lowest	50.2 / 100	-4.5 pp vs world	24.2%	198 of 206 · highest-to-lowest	3.9 / 100	-19.2 pp vs world
Serbia	2000	8.2%	200 of 206 · highest-to-lowest	2.9 / 100	-15.3 pp vs world	12.9%	200 of 206 · highest-to-lowest	2.9 / 100	-10.6 pp vs world	-4.6%	110 of 206 · highest-to-lowest	46.8 / 100	-4.8 pp vs world	21.1%	202 of 206 · highest-to-lowest	2.0 / 100	-25.9 pp vs world
Serbia	2001	19.7%	162 of 206 · highest-to-lowest	21.5 / 100	-3.2 pp vs world	34.2%	126 of 206 · highest-to-lowest	39.0 / 100	+11.2 pp vs world	-14.5%	165 of 206 · highest-to-lowest	20.0 / 100	-14.4 pp vs world	53.9%	156 of 206 · highest-to-lowest	24.4 / 100	+8.0 pp vs world
Serbia	2002	19.2%	163 of 206 · highest-to-lowest	21.0 / 100	-4.0 pp vs world	35.1%	125 of 206 · highest-to-lowest	39.5 / 100	+12.1 pp vs world	-15.9%	169 of 206 · highest-to-lowest	18.0 / 100	-16.1 pp vs world	54.3%	153 of 206 · highest-to-lowest	25.9 / 100	+8.1 pp vs world
Serbia	2003	22.1%	152 of 206 · highest-to-lowest	26.3 / 100	-1.9 pp vs world	36.2%	117 of 206 · highest-to-lowest	43.4 / 100	+12.5 pp vs world	-14.2%	161 of 206 · highest-to-lowest	22.0 / 100	-14.4 pp vs world	58.3%	141 of 206 · highest-to-lowest	31.7 / 100	+10.6 pp vs world
Serbia	2004	24.5%	149 of 206 · highest-to-lowest	27.8 / 100	-1.3 pp vs world	47.8%	85 of 206 · highest-to-lowest	59.0 / 100	+22.4 pp vs world	-23.3%	181 of 206 · highest-to-lowest	12.2 / 100	-23.6 pp vs world	72.3%	122 of 206 · highest-to-lowest	41.0 / 100	+21.1 pp vs world
Serbia	2005	27.6%	141 of 208 · highest-to-lowest	32.4 / 100	+0.6 pp vs world	44.4%	100 of 208 · highest-to-lowest	52.2 / 100	+17.8 pp vs world	-16.8%	161 of 208 · highest-to-lowest	22.7 / 100	-17.2 pp vs world	72.0%	125 of 208 · highest-to-lowest	40.1 / 100	+18.3 pp vs world
Serbia	2006	29.0%	137 of 208 · highest-to-lowest	34.3 / 100	+0.3 pp vs world	46.6%	94 of 208 · highest-to-lowest	55.1 / 100	+18.5 pp vs world	-17.6%	157 of 208 · highest-to-lowest	24.6 / 100	-18.3 pp vs world	75.5%	122 of 208 · highest-to-lowest	41.5 / 100	+18.8 pp vs world
Serbia	2007	26.2%	150 of 208 · highest-to-lowest	28.0 / 100	-3.3 pp vs world	46.5%	95 of 208 · highest-to-lowest	54.6 / 100	+17.6 pp vs world	-20.2%	162 of 208 · highest-to-lowest	22.2 / 100	-21.0 pp vs world	72.7%	129 of 208 · highest-to-lowest	38.2 / 100	+14.3 pp vs world
Serbia	2008	27.4%	140 of 210 · highest-to-lowest	33.5 / 100	-3.6 pp vs world	48.4%	98 of 210 · highest-to-lowest	53.6 / 100	+18.1 pp vs world	-21.0%	161 of 210 · highest-to-lowest	23.4 / 100	-21.7 pp vs world	75.7%	126 of 210 · highest-to-lowest	40.2 / 100	+14.6 pp vs world
Serbia	2009	25.3%	136 of 210 · highest-to-lowest	35.4 / 100	-0.9 pp vs world	38.2%	118 of 210 · highest-to-lowest	44.0 / 100	+12.6 pp vs world	-12.8%	146 of 210 · highest-to-lowest	30.6 / 100	-13.5 pp vs world	63.5%	133 of 210 · highest-to-lowest	36.8 / 100	+11.6 pp vs world
Serbia	2010	31.0%	117 of 210 · highest-to-lowest	44.5 / 100	+2.4 pp vs world	42.7%	106 of 210 · highest-to-lowest	49.8 / 100	+15.1 pp vs world	-11.7%	141 of 210 · highest-to-lowest	33.0 / 100	-12.7 pp vs world	73.7%	122 of 210 · highest-to-lowest	42.1 / 100	+17.5 pp vs world
Serbia	2011	31.7%	122 of 210 · highest-to-lowest	42.1 / 100	+1.4 pp vs world	44.0%	109 of 210 · highest-to-lowest	48.3 / 100	+14.6 pp vs world	-12.3%	140 of 210 · highest-to-lowest	33.5 / 100	-13.2 pp vs world	75.7%	130 of 210 · highest-to-lowest	38.3 / 100	+15.9 pp vs world
Serbia	2012	34.4%	110 of 210 · highest-to-lowest	47.8 / 100	+4.3 pp vs world	47.7%	99 of 210 · highest-to-lowest	53.1 / 100	+18.5 pp vs world	-13.2%	143 of 210 · highest-to-lowest	32.1 / 100	-14.2 pp vs world	82.1%	107 of 210 · highest-to-lowest	49.3 / 100	+22.8 pp vs world
Serbia	2013	38.2%	101 of 210 · highest-to-lowest	52.2 / 100	+8.1 pp vs world	46.1%	102 of 210 · highest-to-lowest	51.7 / 100	+17.0 pp vs world	-7.9%	123 of 210 · highest-to-lowest	41.6 / 100	-8.9 pp vs world	84.3%	99 of 210 · highest-to-lowest	53.1 / 100	+25.1 pp vs world
Serbia	2014	40.3%	87 of 210 · highest-to-lowest	58.9 / 100	+10.6 pp vs world	48.1%	94 of 210 · highest-to-lowest	55.5 / 100	+19.1 pp vs world	-7.7%	129 of 210 · highest-to-lowest	38.8 / 100	-8.5 pp vs world	88.4%	93 of 210 · highest-to-lowest	56.0 / 100	+29.7 pp vs world
Serbia	2015	43.4%	72 of 210 · highest-to-lowest	66.0 / 100	+15.3 pp vs world	50.1%	76 of 210 · highest-to-lowest	64.1 / 100	+22.6 pp vs world	-6.8%	124 of 210 · highest-to-lowest	41.1 / 100	-7.4 pp vs world	93.5%	82 of 210 · highest-to-lowest	61.2 / 100	+37.9 pp vs world
Serbia	2016	46.5%	64 of 210 · highest-to-lowest	69.9 / 100	+19.3 pp vs world	51.2%	71 of 210 · highest-to-lowest	66.5 / 100	+24.8 pp vs world	-4.8%	117 of 210 · highest-to-lowest	44.5 / 100	-5.6 pp vs world	97.7%	69 of 210 · highest-to-lowest	67.5 / 100	+44.1 pp vs world
Serbia	2017	48.1%	61 of 210 · highest-to-lowest	71.3 / 100	+20.0 pp vs world	54.6%	64 of 210 · highest-to-lowest	69.9 / 100	+27.3 pp vs world	-6.5%	132 of 210 · highest-to-lowest	37.3 / 100	-7.2 pp vs world	102.7%	57 of 210 · highest-to-lowest	73.2 / 100	+47.3 pp vs world
Serbia	2018	48.7%	64 of 210 · highest-to-lowest	69.9 / 100	+19.6 pp vs world	56.9%	61 of 210 · highest-to-lowest	71.3 / 100	+28.6 pp vs world	-8.2%	133 of 210 · highest-to-lowest	36.8 / 100	-9.0 pp vs world	105.6%	57 of 210 · highest-to-lowest	73.2 / 100	+48.2 pp vs world
Serbia	2019	49.0%	64 of 210 · highest-to-lowest	69.9 / 100	+20.8 pp vs world	58.6%	53 of 210 · highest-to-lowest	75.1 / 100	+31.1 pp vs world	-9.7%	142 of 210 · highest-to-lowest	32.5 / 100	-10.3 pp vs world	107.6%	57 of 210 · highest-to-lowest	73.2 / 100	+52.0 pp vs world
Serbia	2020	46.1%	53 of 210 · highest-to-lowest	75.1 / 100	+20.0 pp vs world	54.2%	55 of 210 · highest-to-lowest	74.2 / 100	+28.8 pp vs world	-8.1%	129 of 210 · highest-to-lowest	38.8 / 100	-8.8 pp vs world	100.3%	48 of 210 · highest-to-lowest	77.5 / 100	+48.8 pp vs world
Serbia	2021	52.3%	52 of 210 · highest-to-lowest	75.6 / 100	+23.7 pp vs world	60.0%	54 of 210 · highest-to-lowest	74.6 / 100	+32.4 pp vs world	-7.7%	122 of 210 · highest-to-lowest	42.1 / 100	-8.7 pp vs world	112.3%	46 of 210 · highest-to-lowest	78.5 / 100	+56.1 pp vs world
Serbia	2022	60.7%	52 of 210 · highest-to-lowest	75.6 / 100	+29.8 pp vs world	71.2%	44 of 210 · highest-to-lowest	79.4 / 100	+41.1 pp vs world	-10.4%	138 of 210 · highest-to-lowest	34.4 / 100	-11.2 pp vs world	131.9%	43 of 210 · highest-to-lowest	79.9 / 100	+70.9 pp vs world
Serbia	2023	55.1%	59 of 210 · highest-to-lowest	72.2 / 100	+26.0 pp vs world	59.4%	66 of 210 · highest-to-lowest	68.9 / 100	+31.1 pp vs world	-4.3%	116 of 210 · highest-to-lowest	45.0 / 100	-5.1 pp vs world	114.5%	55 of 210 · highest-to-lowest	74.2 / 100	+57.1 pp vs world
Serbia	2024	52.7%	59 of 210 · highest-to-lowest	72.2 / 100	+23.7 pp vs world	58.8%	62 of 210 · highest-to-lowest	70.8 / 100	+30.7 pp vs world	-6.1%	128 of 210 · highest-to-lowest	39.2 / 100	-7.0 pp vs world	111.5%	57 of 210 · highest-to-lowest	73.2 / 100	+54.4 pp vs world

Calculations created by Tesseron World Observatory, data from UNSD Analysis of Main Aggregates (2026-01-28_89ede278; source updated 2026-01-28T00:00:00).

Interpretation note

Trade openness is exports plus imports relative to GDP. Imports are positive in the source but subtracted in the expenditure identity.

Latest common comparison

Europe88.4%2024

Southern Europe72.9%2024

World57.1%2024

08 · Industry mix and structural change

Which activities produce value, and how is the mix changing?

Six mutually exclusive activities show the production structure. Manufacturing remains nested inside its parent activity.

Full historical record

Structural change across six activities

Other activities is the largest current activity at 40.2%. Each activity shows change separately for 1970–1990, 1990–2010, and 2010–current.

AMA activity values measure gross value added, not sales, revenue, shipments, gross output, or physical production.

Agriculture, forestry and fishing3.7%

1970–19900.0 pp1990–2010-10.9 pp2010–2024-3.6 pp

World specialization: 0.87×

Mining, manufacturing and utilities21.5%

1970–19900.0 pp1990–2010-3.3 pp2010–2024-5.0 pp

World specialization: 1.02×

Construction5.9%

1970–19900.0 pp1990–2010-2.5 pp2010–2024+2.3 pp

World specialization: 1.02×

Trade, restaurants and hotels14.9%

1970–19900.0 pp1990–2010+3.5 pp2010–2024+2.3 pp

World specialization: 1.03×

Transport, storage and communication13.8%

1970–19900.0 pp1990–2010+2.8 pp2010–2024+5.3 pp

World specialization: 1.41×

Other activities40.2%

1970–19900.0 pp1990–2010+10.4 pp2010–2024-1.3 pp

World specialization: 0.90×

Industry composition and economic scale

The 100% area view isolates changes in production mix. The current-dollar area view combines those shares with nominal GDP so the total height also shows the expansion or contraction of the economy.

Created by Tesseron World Observatory; data from UN Statistics Division Analysis of Main Aggregates - 28 January 2026 data snapshot.

Agriculture, forestry and fishingMining, manufacturing and utilitiesConstructionTrade, restaurants and hotelsTransport, storage and communicationOther activitiesShare of total gross value added

Formation1970–1990

31.2% → 31.2%

Percentage-point change: 0.0 pp

Integration1990–2010

31.2% → 41.5%

Percentage-point change: +10.4 pp

Current era2010–2024

41.5% → 40.2%

Percentage-point change: -1.3 pp

How to read specialization

World specialization compares an activity's share of this country's gross value added with that activity's share of world gross value added. A result of 1.00× means the shares match; above 1.00× means the activity is relatively more prominent locally, while below 1.00× means it is relatively less prominent. It describes economic structure, not productivity or competitiveness.

Current specialization against world

Agriculture, forestry and fishing0.87×

Mining, manufacturing and utilities1.02×

Construction1.02×

Trade, restaurants and hotels1.03×

Transport, storage and communication1.41×

Other activities0.90×

Industry mix, specialization and world comparison table35 annual rows

Annual shares for the six mutually exclusive broad industries, with world comparisons and ranks wherever comparable data exist. Annual rows cover the full 1970–2024 AMA record wherever the source publishes a value. World ranks run highest-to-lowest. The position index converts rank to a 0–100 scale: 100 is first and 0 is last; it is not a performance score. World comparison is either a world-equals-100 value index or a percentage-point gap, according to the measure.

Filter rows

From yearTo year

Showing 35 of 35 rows

Industry mix, specialization and world comparison table

Serbia	1990	18.2%	78 of 204 · highest-to-lowest	62.1 / 100	+13.0 pp vs world	29.8%	58 of 206 · highest-to-lowest	72.2 / 100	+3.2 pp vs world	6.1%	91 of 206 · highest-to-lowest	56.1 / 100	-0.1 pp vs world	9.1%	162 of 205 · highest-to-lowest	21.1 / 100	-5.4 pp vs world	5.7%	154 of 205 · highest-to-lowest	25.0 / 100	-2.5 pp vs world	31.2%	96 of 206 · highest-to-lowest	53.7 / 100	-8.4 pp vs world
Serbia	1991	18.2%	76 of 204 · highest-to-lowest	63.1 / 100	+13.4 pp vs world	29.7%	53 of 206 · highest-to-lowest	74.6 / 100	+3.7 pp vs world	6.1%	83 of 206 · highest-to-lowest	60.0 / 100	+0.0 pp vs world	9.0%	169 of 205 · highest-to-lowest	17.6 / 100	-5.8 pp vs world	5.6%	152 of 205 · highest-to-lowest	26.0 / 100	-2.6 pp vs world	31.4%	102 of 206 · highest-to-lowest	50.7 / 100	-8.8 pp vs world
Serbia	1992	18.0%	72 of 204 · highest-to-lowest	65.0 / 100	+13.7 pp vs world	29.9%	51 of 206 · highest-to-lowest	75.6 / 100	+4.6 pp vs world	6.3%	65 of 206 · highest-to-lowest	68.8 / 100	+0.4 pp vs world	9.2%	170 of 205 · highest-to-lowest	17.2 / 100	-6.1 pp vs world	5.7%	150 of 205 · highest-to-lowest	27.0 / 100	-2.6 pp vs world	30.9%	107 of 206 · highest-to-lowest	48.3 / 100	-10.1 pp vs world
Serbia	1993	18.3%	71 of 204 · highest-to-lowest	65.5 / 100	+14.1 pp vs world	29.7%	48 of 206 · highest-to-lowest	77.1 / 100	+5.0 pp vs world	6.1%	79 of 206 · highest-to-lowest	62.0 / 100	+0.1 pp vs world	9.1%	172 of 205 · highest-to-lowest	16.2 / 100	-6.0 pp vs world	5.7%	156 of 205 · highest-to-lowest	24.0 / 100	-2.7 pp vs world	31.2%	104 of 206 · highest-to-lowest	49.8 / 100	-10.5 pp vs world
Serbia	1994	17.0%	76 of 204 · highest-to-lowest	63.1 / 100	+13.0 pp vs world	30.0%	43 of 206 · highest-to-lowest	79.5 / 100	+5.5 pp vs world	5.5%	102 of 206 · highest-to-lowest	50.7 / 100	-0.4 pp vs world	8.3%	185 of 205 · highest-to-lowest	9.8 / 100	-7.0 pp vs world	5.8%	151 of 205 · highest-to-lowest	26.5 / 100	-2.7 pp vs world	33.4%	92 of 206 · highest-to-lowest	55.6 / 100	-7.7 pp vs world
Serbia	1995	15.1%	82 of 204 · highest-to-lowest	60.1 / 100	+11.2 pp vs world	31.8%	33 of 206 · highest-to-lowest	84.4 / 100	+7.3 pp vs world	6.1%	82 of 206 · highest-to-lowest	60.5 / 100	+0.3 pp vs world	8.2%	190 of 205 · highest-to-lowest	7.4 / 100	-6.9 pp vs world	6.1%	145 of 205 · highest-to-lowest	29.4 / 100	-2.4 pp vs world	32.6%	100 of 206 · highest-to-lowest	51.7 / 100	-9.5 pp vs world
Serbia	1996	16.5%	75 of 204 · highest-to-lowest	63.5 / 100	+12.4 pp vs world	29.6%	43 of 206 · highest-to-lowest	79.5 / 100	+5.3 pp vs world	4.7%	132 of 206 · highest-to-lowest	36.1 / 100	-1.1 pp vs world	7.9%	190 of 205 · highest-to-lowest	7.4 / 100	-7.1 pp vs world	6.0%	151 of 205 · highest-to-lowest	26.5 / 100	-2.5 pp vs world	35.3%	84 of 206 · highest-to-lowest	59.5 / 100	-7.1 pp vs world
Serbia	1997	15.8%	78 of 204 · highest-to-lowest	62.1 / 100	+11.8 pp vs world	29.1%	45 of 206 · highest-to-lowest	78.5 / 100	+5.1 pp vs world	4.6%	136 of 206 · highest-to-lowest	34.1 / 100	-0.9 pp vs world	7.7%	189 of 205 · highest-to-lowest	7.8 / 100	-7.4 pp vs world	5.8%	160 of 205 · highest-to-lowest	22.1 / 100	-2.9 pp vs world	37.0%	72 of 206 · highest-to-lowest	65.4 / 100	-5.8 pp vs world
Serbia	1998	15.4%	78 of 204 · highest-to-lowest	62.1 / 100	+11.6 pp vs world	29.7%	38 of 206 · highest-to-lowest	82.0 / 100	+6.6 pp vs world	4.4%	144 of 206 · highest-to-lowest	30.2 / 100	-1.1 pp vs world	8.2%	190 of 205 · highest-to-lowest	7.4 / 100	-6.9 pp vs world	6.2%	156 of 205 · highest-to-lowest	24.0 / 100	-2.8 pp vs world	36.1%	84 of 206 · highest-to-lowest	59.5 / 100	-7.3 pp vs world
Serbia	1999	17.2%	70 of 204 · highest-to-lowest	66.0 / 100	+13.6 pp vs world	29.5%	42 of 206 · highest-to-lowest	80.0 / 100	+6.4 pp vs world	3.9%	160 of 206 · highest-to-lowest	22.4 / 100	-1.6 pp vs world	8.7%	184 of 205 · highest-to-lowest	10.3 / 100	-6.4 pp vs world	5.3%	174 of 205 · highest-to-lowest	15.2 / 100	-3.8 pp vs world	35.4%	86 of 206 · highest-to-lowest	58.5 / 100	-8.2 pp vs world
Serbia	2000	15.9%	70 of 204 · highest-to-lowest	66.0 / 100	+12.5 pp vs world	35.8%	30 of 206 · highest-to-lowest	85.9 / 100	+12.3 pp vs world	2.6%	179 of 206 · highest-to-lowest	13.2 / 100	-2.7 pp vs world	8.4%	185 of 205 · highest-to-lowest	9.8 / 100	-6.7 pp vs world	4.3%	185 of 205 · highest-to-lowest	9.8 / 100	-4.8 pp vs world	33.0%	104 of 206 · highest-to-lowest	49.8 / 100	-10.6 pp vs world
Serbia	2001	14.6%	73 of 204 · highest-to-lowest	64.5 / 100	+11.2 pp vs world	35.2%	27 of 206 · highest-to-lowest	87.3 / 100	+12.7 pp vs world	2.3%	189 of 206 · highest-to-lowest	8.3 / 100	-3.1 pp vs world	7.2%	190 of 205 · highest-to-lowest	7.4 / 100	-7.8 pp vs world	4.2%	190 of 205 · highest-to-lowest	7.4 / 100	-5.0 pp vs world	36.5%	84 of 206 · highest-to-lowest	59.5 / 100	-8.0 pp vs world
Serbia	2002	10.2%	95 of 204 · highest-to-lowest	53.7 / 100	+6.8 pp vs world	33.7%	32 of 206 · highest-to-lowest	84.9 / 100	+11.6 pp vs world	3.4%	167 of 206 · highest-to-lowest	19.0 / 100	-1.9 pp vs world	7.4%	193 of 205 · highest-to-lowest	5.9 / 100	-7.4 pp vs world	5.0%	181 of 205 · highest-to-lowest	11.8 / 100	-4.3 pp vs world	40.3%	65 of 206 · highest-to-lowest	68.8 / 100	-4.7 pp vs world
Serbia	2003	8.4%	106 of 204 · highest-to-lowest	48.3 / 100	+5.0 pp vs world	30.8%	37 of 206 · highest-to-lowest	82.4 / 100	+8.6 pp vs world	3.7%	161 of 206 · highest-to-lowest	22.0 / 100	-1.6 pp vs world	7.3%	191 of 205 · highest-to-lowest	6.9 / 100	-7.5 pp vs world	5.6%	177 of 205 · highest-to-lowest	13.7 / 100	-3.7 pp vs world	44.2%	49 of 206 · highest-to-lowest	76.6 / 100	-0.8 pp vs world
Serbia	2004	9.2%	101 of 204 · highest-to-lowest	50.7 / 100	+5.7 pp vs world	31.9%	35 of 206 · highest-to-lowest	83.4 / 100	+9.3 pp vs world	4.0%	154 of 206 · highest-to-lowest	25.4 / 100	-1.4 pp vs world	7.6%	189 of 205 · highest-to-lowest	7.8 / 100	-7.1 pp vs world	5.7%	176 of 205 · highest-to-lowest	14.2 / 100	-3.8 pp vs world	41.6%	58 of 206 · highest-to-lowest	72.2 / 100	-2.7 pp vs world
Serbia	2005	7.4%	111 of 205 · highest-to-lowest	46.1 / 100	+4.1 pp vs world	30.7%	48 of 208 · highest-to-lowest	77.3 / 100	+7.6 pp vs world	4.0%	153 of 208 · highest-to-lowest	26.6 / 100	-1.5 pp vs world	8.9%	189 of 207 · highest-to-lowest	8.7 / 100	-5.7 pp vs world	6.6%	161 of 207 · highest-to-lowest	22.3 / 100	-2.8 pp vs world	42.4%	55 of 208 · highest-to-lowest	73.9 / 100	-1.8 pp vs world
Serbia	2006	7.5%	104 of 205 · highest-to-lowest	49.5 / 100	+4.2 pp vs world	30.6%	51 of 208 · highest-to-lowest	75.8 / 100	+7.1 pp vs world	4.4%	148 of 208 · highest-to-lowest	29.0 / 100	-1.2 pp vs world	9.8%	184 of 207 · highest-to-lowest	11.2 / 100	-4.6 pp vs world	7.0%	159 of 207 · highest-to-lowest	23.3 / 100	-2.3 pp vs world	40.8%	65 of 208 · highest-to-lowest	69.1 / 100	-3.1 pp vs world
Serbia	2007	6.6%	110 of 205 · highest-to-lowest	46.6 / 100	+3.1 pp vs world	29.2%	54 of 208 · highest-to-lowest	74.4 / 100	+5.6 pp vs world	4.7%	147 of 208 · highest-to-lowest	29.5 / 100	-1.0 pp vs world	11.4%	164 of 207 · highest-to-lowest	20.9 / 100	-2.8 pp vs world	7.4%	147 of 207 · highest-to-lowest	29.1 / 100	-1.9 pp vs world	40.6%	64 of 208 · highest-to-lowest	69.6 / 100	-2.9 pp vs world
Serbia	2008	7.6%	104 of 207 · highest-to-lowest	50.0 / 100	+3.9 pp vs world	28.3%	60 of 210 · highest-to-lowest	71.8 / 100	+4.3 pp vs world	4.6%	150 of 210 · highest-to-lowest	28.7 / 100	-1.0 pp vs world	11.6%	167 of 209 · highest-to-lowest	20.2 / 100	-2.6 pp vs world	7.8%	136 of 209 · highest-to-lowest	35.1 / 100	-1.5 pp vs world	40.1%	66 of 210 · highest-to-lowest	68.9 / 100	-3.0 pp vs world
Serbia	2009	7.1%	107 of 207 · highest-to-lowest	48.5 / 100	+3.3 pp vs world	25.3%	62 of 210 · highest-to-lowest	70.8 / 100	+3.0 pp vs world	3.8%	174 of 210 · highest-to-lowest	17.2 / 100	-1.7 pp vs world	12.6%	155 of 209 · highest-to-lowest	26.0 / 100	-1.5 pp vs world	8.9%	117 of 209 · highest-to-lowest	44.2 / 100	-0.3 pp vs world	42.2%	67 of 210 · highest-to-lowest	68.4 / 100	-2.8 pp vs world
Serbia	2010	7.3%	104 of 207 · highest-to-lowest	50.0 / 100	+3.2 pp vs world	26.5%	60 of 210 · highest-to-lowest	71.8 / 100	+2.8 pp vs world	3.6%	179 of 210 · highest-to-lowest	14.8 / 100	-1.7 pp vs world	12.6%	150 of 209 · highest-to-lowest	28.4 / 100	-1.4 pp vs world	8.5%	115 of 209 · highest-to-lowest	45.2 / 100	-0.6 pp vs world	41.5%	70 of 210 · highest-to-lowest	67.0 / 100	-2.3 pp vs world
Serbia	2011	7.5%	104 of 207 · highest-to-lowest	50.0 / 100	+3.3 pp vs world	27.4%	59 of 210 · highest-to-lowest	72.2 / 100	+3.1 pp vs world	4.0%	168 of 210 · highest-to-lowest	20.1 / 100	-1.4 pp vs world	12.7%	146 of 209 · highest-to-lowest	30.3 / 100	-1.3 pp vs world	8.6%	108 of 209 · highest-to-lowest	48.6 / 100	-0.3 pp vs world	39.8%	76 of 210 · highest-to-lowest	64.1 / 100	-3.4 pp vs world
Serbia	2012	7.1%	104 of 207 · highest-to-lowest	50.0 / 100	+2.9 pp vs world	27.9%	56 of 210 · highest-to-lowest	73.7 / 100	+3.7 pp vs world	4.0%	165 of 210 · highest-to-lowest	21.5 / 100	-1.5 pp vs world	12.5%	153 of 209 · highest-to-lowest	26.9 / 100	-1.6 pp vs world	8.5%	113 of 209 · highest-to-lowest	46.2 / 100	-0.4 pp vs world	40.1%	78 of 210 · highest-to-lowest	63.2 / 100	-3.1 pp vs world
Serbia	2013	7.4%	103 of 207 · highest-to-lowest	50.5 / 100	+3.0 pp vs world	30.0%	45 of 210 · highest-to-lowest	78.9 / 100	+6.2 pp vs world	3.1%	185 of 210 · highest-to-lowest	12.0 / 100	-2.4 pp vs world	11.8%	167 of 209 · highest-to-lowest	20.2 / 100	-2.3 pp vs world	8.9%	109 of 209 · highest-to-lowest	48.1 / 100	-0.1 pp vs world	38.8%	90 of 210 · highest-to-lowest	57.4 / 100	-4.5 pp vs world
Serbia	2014	7.2%	104 of 207 · highest-to-lowest	50.0 / 100	+2.8 pp vs world	27.9%	49 of 210 · highest-to-lowest	77.0 / 100	+4.5 pp vs world	3.4%	183 of 210 · highest-to-lowest	12.9 / 100	-2.2 pp vs world	11.9%	169 of 209 · highest-to-lowest	19.2 / 100	-2.2 pp vs world	9.7%	85 of 209 · highest-to-lowest	59.6 / 100	+0.7 pp vs world	39.9%	86 of 210 · highest-to-lowest	59.3 / 100	-3.6 pp vs world
Serbia	2015	6.7%	107 of 207 · highest-to-lowest	48.5 / 100	+2.2 pp vs world	27.5%	45 of 210 · highest-to-lowest	78.9 / 100	+5.1 pp vs world	4.0%	165 of 210 · highest-to-lowest	21.5 / 100	-1.6 pp vs world	12.8%	152 of 209 · highest-to-lowest	27.4 / 100	-1.5 pp vs world	10.3%	74 of 209 · highest-to-lowest	64.9 / 100	+1.2 pp vs world	38.8%	94 of 210 · highest-to-lowest	55.5 / 100	-5.5 pp vs world
Serbia	2016	6.8%	109 of 207 · highest-to-lowest	47.6 / 100	+2.5 pp vs world	27.7%	41 of 210 · highest-to-lowest	80.9 / 100	+6.0 pp vs world	4.2%	160 of 210 · highest-to-lowest	23.9 / 100	-1.4 pp vs world	12.8%	156 of 209 · highest-to-lowest	25.5 / 100	-1.5 pp vs world	10.5%	63 of 209 · highest-to-lowest	70.2 / 100	+1.3 pp vs world	37.9%	95 of 210 · highest-to-lowest	55.0 / 100	-6.9 pp vs world
Serbia	2017	6.0%	112 of 207 · highest-to-lowest	46.1 / 100	+1.7 pp vs world	27.6%	49 of 210 · highest-to-lowest	77.0 / 100	+5.6 pp vs world	4.4%	151 of 210 · highest-to-lowest	28.2 / 100	-1.3 pp vs world	13.3%	146 of 209 · highest-to-lowest	30.3 / 100	-1.1 pp vs world	11.1%	46 of 209 · highest-to-lowest	78.4 / 100	+1.8 pp vs world	37.6%	94 of 210 · highest-to-lowest	55.5 / 100	-6.7 pp vs world
Serbia	2018	6.2%	106 of 207 · highest-to-lowest	49.0 / 100	+2.1 pp vs world	26.3%	59 of 210 · highest-to-lowest	72.2 / 100	+3.8 pp vs world	4.7%	138 of 210 · highest-to-lowest	34.4 / 100	-1.0 pp vs world	13.7%	135 of 209 · highest-to-lowest	35.6 / 100	-0.5 pp vs world	11.2%	46 of 209 · highest-to-lowest	78.4 / 100	+1.9 pp vs world	37.9%	91 of 210 · highest-to-lowest	56.9 / 100	-6.3 pp vs world
Serbia	2019	5.7%	110 of 207 · highest-to-lowest	47.1 / 100	+1.5 pp vs world	24.6%	64 of 210 · highest-to-lowest	69.9 / 100	+2.8 pp vs world	6.1%	100 of 210 · highest-to-lowest	52.6 / 100	+0.3 pp vs world	13.9%	134 of 210 · highest-to-lowest	36.4 / 100	-0.4 pp vs world	11.4%	42 of 210 · highest-to-lowest	80.4 / 100	+1.9 pp vs world	38.4%	90 of 210 · highest-to-lowest	57.4 / 100	-6.1 pp vs world
Serbia	2020	6.0%	116 of 207 · highest-to-lowest	44.2 / 100	+1.5 pp vs world	23.4%	71 of 210 · highest-to-lowest	66.5 / 100	+2.4 pp vs world	5.6%	113 of 210 · highest-to-lowest	46.4 / 100	-0.1 pp vs world	13.7%	122 of 210 · highest-to-lowest	42.1 / 100	-0.0 pp vs world	11.7%	37 of 210 · highest-to-lowest	82.8 / 100	+2.4 pp vs world	39.5%	97 of 210 · highest-to-lowest	54.1 / 100	-6.1 pp vs world
Serbia	2021	6.2%	113 of 207 · highest-to-lowest	45.6 / 100	+1.6 pp vs world	22.9%	86 of 210 · highest-to-lowest	59.3 / 100	+0.6 pp vs world	6.2%	82 of 210 · highest-to-lowest	61.2 / 100	+0.5 pp vs world	14.5%	111 of 210 · highest-to-lowest	47.4 / 100	+0.6 pp vs world	11.8%	34 of 210 · highest-to-lowest	84.2 / 100	+2.3 pp vs world	38.4%	93 of 210 · highest-to-lowest	56.0 / 100	-5.6 pp vs world
Serbia	2022	6.3%	108 of 207 · highest-to-lowest	48.1 / 100	+1.8 pp vs world	24.1%	82 of 210 · highest-to-lowest	61.2 / 100	+1.3 pp vs world	5.6%	104 of 210 · highest-to-lowest	50.7 / 100	-0.0 pp vs world	13.5%	130 of 210 · highest-to-lowest	38.3 / 100	-0.7 pp vs world	12.9%	27 of 210 · highest-to-lowest	87.6 / 100	+3.3 pp vs world	37.6%	91 of 210 · highest-to-lowest	56.9 / 100	-5.6 pp vs world
Serbia	2023	4.4%	120 of 207 · highest-to-lowest	42.2 / 100	+0.1 pp vs world	22.2%	86 of 210 · highest-to-lowest	59.3 / 100	+0.5 pp vs world	5.9%	100 of 210 · highest-to-lowest	52.6 / 100	+0.1 pp vs world	14.0%	128 of 210 · highest-to-lowest	39.2 / 100	-0.4 pp vs world	14.3%	17 of 210 · highest-to-lowest	92.3 / 100	+4.6 pp vs world	39.2%	91 of 210 · highest-to-lowest	56.9 / 100	-4.8 pp vs world
Serbia	2024	3.7%	129 of 207 · highest-to-lowest	37.9 / 100	-0.6 pp vs world	21.5%	85 of 210 · highest-to-lowest	59.8 / 100	+0.4 pp vs world	5.9%	102 of 210 · highest-to-lowest	51.7 / 100	+0.1 pp vs world	14.9%	122 of 210 · highest-to-lowest	42.1 / 100	+0.5 pp vs world	13.8%	22 of 210 · highest-to-lowest	90.0 / 100	+4.0 pp vs world	40.2%	85 of 210 · highest-to-lowest	59.8 / 100	-4.2 pp vs world

Calculations created by Tesseron World Observatory, data from UNSD Analysis of Main Aggregates (2026-01-28_89ede278; source updated 2026-01-28T00:00:00).

09 · Manufacturing position

What role does manufacturing play at home and in the world?

Domestic share, its place inside the parent industry, real growth, specialization and world contribution are kept together.

Full historical record

Manufacturing in the economic structure

Manufacturing accounts for 15.6% of total gross value added in 2024. In 2024, Serbia was 0.0 percentage points below the world value.

Latest share: 15.6%
World specialization: 1.00×
Latest year: 2024

Formation1970–1990

24.0% → 24.0%

Percentage-point change: 0.0 pp

Integration1990–2010

24.0% → 20.1%

Percentage-point change: -3.9 pp

Current era2010–2024

20.1% → 15.6%

Percentage-point change: -4.5 pp

Share of total GVA15.6%2024 · Derived measure · World rank 57 of 210 · highest-to-lowest

Share within parent activity72.7%2024 · Derived measure · World rank 92 of 210 · highest-to-lowest

Real manufacturing growth5.0%2024 · Published series · World rank 54 of 210 · highest-to-lowest

Share of world manufacturing0.1%2024 · Derived measure · World rank 75 of 210 · highest-to-lowest

Manufacturing annual rates, ranks and specialization table35 annual rows

Manufacturing's annual structural, growth and world-position measures. Annual rows cover the full 1970–2024 AMA record wherever the source publishes a value. World ranks run highest-to-lowest. The position index converts rank to a 0–100 scale: 100 is first and 0 is last; it is not a performance score. World comparison is either a world-equals-100 value index or a percentage-point gap, according to the measure.

Filter rows

From yearTo year

Showing 35 of 35 rows

Manufacturing annual rates, ranks and specialization table

Serbia	1990	24.0%	38 of 205 · highest-to-lowest	81.9 / 100	+3.2 pp vs world	80.6%	88 of 205 · highest-to-lowest	57.4 / 100	+2.2 pp vs world	Source observation unavailable	Not calculable without a source observation	Not calculable without a source observation	Comparable world observation unavailable	0.2%	46 of 205 · highest-to-lowest	77.9 / 100	-99.8 pp vs world
Serbia	1991	23.9%	37 of 205 · highest-to-lowest	82.4 / 100	+3.4 pp vs world	80.4%	86 of 205 · highest-to-lowest	58.3 / 100	+1.7 pp vs world	-11.3%	179 of 205 · highest-to-lowest	12.7 / 100	-11.4 pp vs world	0.2%	46 of 205 · highest-to-lowest	77.9 / 100	-99.8 pp vs world
Serbia	1992	24.2%	34 of 205 · highest-to-lowest	83.8 / 100	+4.4 pp vs world	80.8%	84 of 205 · highest-to-lowest	59.3 / 100	+2.5 pp vs world	-28.7%	197 of 205 · highest-to-lowest	3.9 / 100	-28.2 pp vs world	0.1%	52 of 205 · highest-to-lowest	75.0 / 100	-99.9 pp vs world
Serbia	1993	23.9%	28 of 205 · highest-to-lowest	86.8 / 100	+4.8 pp vs world	80.7%	79 of 205 · highest-to-lowest	61.8 / 100	+3.2 pp vs world	-30.1%	196 of 205 · highest-to-lowest	4.4 / 100	-29.4 pp vs world	0.1%	57 of 205 · highest-to-lowest	72.5 / 100	-99.9 pp vs world
Serbia	1994	24.4%	24 of 205 · highest-to-lowest	88.7 / 100	+5.3 pp vs world	81.3%	77 of 205 · highest-to-lowest	62.7 / 100	+3.0 pp vs world	11.1%	29 of 205 · highest-to-lowest	86.3 / 100	+7.6 pp vs world	0.1%	57 of 205 · highest-to-lowest	72.5 / 100	-99.9 pp vs world
Serbia	1995	26.8%	11 of 205 · highest-to-lowest	95.1 / 100	+7.6 pp vs world	84.3%	61 of 205 · highest-to-lowest	70.6 / 100	+6.2 pp vs world	7.6%	73 of 205 · highest-to-lowest	64.7 / 100	+2.7 pp vs world	0.1%	53 of 205 · highest-to-lowest	74.5 / 100	-99.9 pp vs world
Serbia	1996	24.5%	21 of 205 · highest-to-lowest	90.2 / 100	+5.9 pp vs world	82.6%	68 of 205 · highest-to-lowest	67.2 / 100	+6.1 pp vs world	10.9%	37 of 205 · highest-to-lowest	82.4 / 100	+8.3 pp vs world	0.1%	55 of 205 · highest-to-lowest	73.5 / 100	-99.9 pp vs world
Serbia	1997	23.5%	26 of 205 · highest-to-lowest	87.7 / 100	+5.2 pp vs world	80.7%	73 of 205 · highest-to-lowest	64.7 / 100	+4.6 pp vs world	11.4%	44 of 205 · highest-to-lowest	78.9 / 100	+6.8 pp vs world	0.1%	56 of 205 · highest-to-lowest	73.0 / 100	-99.9 pp vs world
Serbia	1998	24.1%	20 of 205 · highest-to-lowest	90.7 / 100	+6.4 pp vs world	81.3%	66 of 205 · highest-to-lowest	68.1 / 100	+4.5 pp vs world	7.4%	53 of 205 · highest-to-lowest	74.5 / 100	+6.1 pp vs world	0.1%	57 of 205 · highest-to-lowest	72.5 / 100	-99.9 pp vs world
Serbia	1999	24.2%	20 of 205 · highest-to-lowest	90.7 / 100	+6.7 pp vs world	82.1%	63 of 205 · highest-to-lowest	69.6 / 100	+6.2 pp vs world	-16.4%	201 of 205 · highest-to-lowest	2.0 / 100	-19.7 pp vs world	0.1%	69 of 205 · highest-to-lowest	66.7 / 100	-99.9 pp vs world
Serbia	2000	30.6%	7 of 205 · highest-to-lowest	97.1 / 100	+13.2 pp vs world	85.5%	48 of 205 · highest-to-lowest	77.0 / 100	+11.6 pp vs world	16.3%	26 of 205 · highest-to-lowest	87.7 / 100	+9.9 pp vs world	0.1%	66 of 205 · highest-to-lowest	68.1 / 100	-99.9 pp vs world
Serbia	2001	29.5%	7 of 205 · highest-to-lowest	97.1 / 100	+13.1 pp vs world	83.8%	56 of 205 · highest-to-lowest	73.0 / 100	+11.1 pp vs world	4.3%	78 of 205 · highest-to-lowest	62.3 / 100	+5.0 pp vs world	0.1%	65 of 205 · highest-to-lowest	68.6 / 100	-99.9 pp vs world
Serbia	2002	28.2%	10 of 205 · highest-to-lowest	95.6 / 100	+12.3 pp vs world	83.8%	53 of 205 · highest-to-lowest	74.5 / 100	+11.7 pp vs world	8.8%	40 of 205 · highest-to-lowest	80.9 / 100	+7.8 pp vs world	0.1%	62 of 205 · highest-to-lowest	70.1 / 100	-99.9 pp vs world
Serbia	2003	25.2%	15 of 205 · highest-to-lowest	93.1 / 100	+9.3 pp vs world	81.7%	61 of 205 · highest-to-lowest	70.6 / 100	+10.2 pp vs world	1.3%	137 of 205 · highest-to-lowest	33.3 / 100	-2.1 pp vs world	0.1%	62 of 205 · highest-to-lowest	70.1 / 100	-99.9 pp vs world
Serbia	2004	26.3%	14 of 206 · highest-to-lowest	93.7 / 100	+9.1 pp vs world	82.6%	55 of 206 · highest-to-lowest	73.7 / 100	+6.1 pp vs world	8.0%	52 of 205 · highest-to-lowest	75.0 / 100	-11.5 pp vs world	0.1%	60 of 206 · highest-to-lowest	71.2 / 100	-99.9 pp vs world
Serbia	2005	25.3%	13 of 208 · highest-to-lowest	94.2 / 100	+8.3 pp vs world	82.5%	56 of 208 · highest-to-lowest	73.4 / 100	+8.5 pp vs world	4.3%	108 of 206 · highest-to-lowest	47.8 / 100	-0.0 pp vs world	0.1%	63 of 208 · highest-to-lowest	70.0 / 100	-99.9 pp vs world
Serbia	2006	24.9%	16 of 208 · highest-to-lowest	92.8 / 100	+7.9 pp vs world	81.5%	61 of 208 · highest-to-lowest	71.0 / 100	+9.0 pp vs world	2.6%	146 of 207 · highest-to-lowest	29.6 / 100	-4.1 pp vs world	0.1%	63 of 208 · highest-to-lowest	70.0 / 100	-99.9 pp vs world
Serbia	2007	23.7%	17 of 208 · highest-to-lowest	92.3 / 100	+6.6 pp vs world	81.2%	59 of 208 · highest-to-lowest	72.0 / 100	+8.8 pp vs world	5.2%	95 of 207 · highest-to-lowest	54.4 / 100	-0.9 pp vs world	0.1%	61 of 208 · highest-to-lowest	71.0 / 100	-99.9 pp vs world
Serbia	2008	22.7%	18 of 210 · highest-to-lowest	91.9 / 100	+5.8 pp vs world	80.0%	64 of 210 · highest-to-lowest	69.9 / 100	+10.1 pp vs world	1.8%	111 of 208 · highest-to-lowest	46.9 / 100	+0.6 pp vs world	0.1%	62 of 210 · highest-to-lowest	70.8 / 100	-99.9 pp vs world
Serbia	2009	19.3%	30 of 210 · highest-to-lowest	86.1 / 100	+3.1 pp vs world	76.2%	79 of 210 · highest-to-lowest	62.7 / 100	+3.5 pp vs world	-13.8%	181 of 210 · highest-to-lowest	13.9 / 100	-7.5 pp vs world	0.1%	67 of 210 · highest-to-lowest	68.4 / 100	-99.9 pp vs world
Serbia	2010	20.1%	27 of 210 · highest-to-lowest	87.6 / 100	+3.3 pp vs world	75.9%	77 of 210 · highest-to-lowest	63.6 / 100	+5.1 pp vs world	1.8%	145 of 210 · highest-to-lowest	31.1 / 100	-7.2 pp vs world	0.1%	69 of 210 · highest-to-lowest	67.5 / 100	-99.9 pp vs world
Serbia	2011	20.0%	30 of 210 · highest-to-lowest	86.1 / 100	+3.1 pp vs world	72.9%	86 of 210 · highest-to-lowest	59.3 / 100	+3.6 pp vs world	1.9%	137 of 210 · highest-to-lowest	34.9 / 100	-2.4 pp vs world	0.1%	68 of 210 · highest-to-lowest	67.9 / 100	-99.9 pp vs world
Serbia	2012	20.5%	28 of 210 · highest-to-lowest	87.1 / 100	+3.7 pp vs world	73.5%	82 of 210 · highest-to-lowest	61.2 / 100	+4.0 pp vs world	1.1%	124 of 210 · highest-to-lowest	41.1 / 100	-1.3 pp vs world	0.1%	71 of 210 · highest-to-lowest	66.5 / 100	-99.9 pp vs world
Serbia	2013	22.5%	16 of 210 · highest-to-lowest	92.8 / 100	+5.9 pp vs world	75.0%	71 of 210 · highest-to-lowest	66.5 / 100	+5.0 pp vs world	15.3%	9 of 210 · highest-to-lowest	96.2 / 100	+12.1 pp vs world	0.1%	67 of 210 · highest-to-lowest	68.4 / 100	-99.9 pp vs world
Serbia	2014	21.5%	19 of 210 · highest-to-lowest	91.4 / 100	+4.8 pp vs world	77.3%	62 of 210 · highest-to-lowest	70.8 / 100	+5.6 pp vs world	-4.3%	178 of 210 · highest-to-lowest	15.3 / 100	-8.4 pp vs world	0.1%	69 of 210 · highest-to-lowest	67.5 / 100	-99.9 pp vs world
Serbia	2015	21.2%	21 of 210 · highest-to-lowest	90.4 / 100	+4.2 pp vs world	77.2%	67 of 210 · highest-to-lowest	68.4 / 100	+1.0 pp vs world	2.3%	118 of 210 · highest-to-lowest	44.0 / 100	-1.3 pp vs world	0.1%	72 of 210 · highest-to-lowest	66.0 / 100	-99.9 pp vs world
Serbia	2016	21.2%	23 of 210 · highest-to-lowest	89.5 / 100	+4.5 pp vs world	76.6%	74 of 210 · highest-to-lowest	65.1 / 100	-0.7 pp vs world	1.8%	129 of 210 · highest-to-lowest	38.8 / 100	-0.7 pp vs world	0.1%	72 of 210 · highest-to-lowest	66.0 / 100	-99.9 pp vs world
Serbia	2017	21.1%	23 of 210 · highest-to-lowest	89.5 / 100	+4.4 pp vs world	76.6%	72 of 210 · highest-to-lowest	66.0 / 100	+0.5 pp vs world	2.6%	117 of 210 · highest-to-lowest	44.5 / 100	-0.8 pp vs world	0.1%	74 of 210 · highest-to-lowest	65.1 / 100	-99.9 pp vs world
Serbia	2018	20.2%	30 of 210 · highest-to-lowest	86.1 / 100	+3.4 pp vs world	77.1%	69 of 210 · highest-to-lowest	67.5 / 100	+2.0 pp vs world	1.4%	149 of 210 · highest-to-lowest	29.2 / 100	-2.5 pp vs world	0.1%	72 of 210 · highest-to-lowest	66.0 / 100	-99.9 pp vs world
Serbia	2019	18.8%	37 of 210 · highest-to-lowest	82.8 / 100	+2.4 pp vs world	76.6%	71 of 210 · highest-to-lowest	66.5 / 100	+1.0 pp vs world	-0.9%	159 of 210 · highest-to-lowest	24.4 / 100	-2.3 pp vs world	0.1%	74 of 210 · highest-to-lowest	65.1 / 100	-99.9 pp vs world
Serbia	2020	17.7%	40 of 210 · highest-to-lowest	81.3 / 100	+1.4 pp vs world	75.6%	81 of 210 · highest-to-lowest	61.7 / 100	-2.0 pp vs world	-2.0%	76 of 210 · highest-to-lowest	64.1 / 100	+0.4 pp vs world	0.1%	74 of 210 · highest-to-lowest	65.1 / 100	-99.9 pp vs world
Serbia	2021	17.3%	48 of 210 · highest-to-lowest	77.5 / 100	+0.4 pp vs world	75.5%	81 of 210 · highest-to-lowest	61.7 / 100	+0.0 pp vs world	4.5%	128 of 210 · highest-to-lowest	39.2 / 100	-4.4 pp vs world	0.1%	74 of 210 · highest-to-lowest	65.1 / 100	-99.9 pp vs world
Serbia	2022	17.5%	49 of 210 · highest-to-lowest	77.0 / 100	+1.1 pp vs world	72.6%	87 of 210 · highest-to-lowest	58.9 / 100	+0.7 pp vs world	0.6%	146 of 210 · highest-to-lowest	30.6 / 100	-1.4 pp vs world	0.1%	75 of 210 · highest-to-lowest	64.6 / 100	-99.9 pp vs world
Serbia	2023	15.6%	63 of 210 · highest-to-lowest	70.3 / 100	-0.4 pp vs world	70.0%	99 of 210 · highest-to-lowest	53.1 / 100	-3.4 pp vs world	0.9%	108 of 210 · highest-to-lowest	48.8 / 100	-0.7 pp vs world	0.1%	75 of 210 · highest-to-lowest	64.6 / 100	-99.9 pp vs world
Serbia	2024	15.6%	57 of 210 · highest-to-lowest	73.2 / 100	-0.0 pp vs world	72.7%	92 of 210 · highest-to-lowest	56.5 / 100	-1.4 pp vs world	5.0%	54 of 210 · highest-to-lowest	74.6 / 100	+2.1 pp vs world	0.1%	75 of 210 · highest-to-lowest	64.6 / 100	-99.9 pp vs world

Calculations created by Tesseron World Observatory, data from UNSD Analysis of Main Aggregates (2026-01-28_89ede278; source updated 2026-01-28T00:00:00).

Interpretation note

Manufacturing is part of mining, manufacturing and utilities; it is not a seventh broad-industry slice. Share and real growth describe different dimensions.

Current manufacturing specialization

Europe1.07×

Southern Europe1.10×

World1.00×

Serbia Economic Overview

Read the economy through three eras

What should a reader know first?

Real output, indexed to a shared starting year

Real GDP trajectory

How large is the economy, and where does it sit globally?

Nominal GDP

Nominal GDP and UN benchmarks

What does the record show per person?

GDP per person

GDP per person and UN benchmarks

How quickly has real activity changed, and how have output prices moved?

Real GDP growth

Real GDP growth and UN benchmarks

How is output used for consumption and domestic demand?

Final Consumption

Final consumption and UN benchmarks

How much current output is directed toward capital formation?

Gross Capital Formation

Gross capital formation and UN benchmarks

How exposed is the economy to trade, and what is the external balance?

Trade openness

Trade openness and UN benchmarks

Which activities produce value, and how is the mix changing?

Structural change across six activities

Industry composition and economic scale

Broad industry structure over time

What role does manufacturing play at home and in the world?

Manufacturing in the economic structure