Serbia: Adjusted net national income (current US$)

Key figures

What the numbers say

In 2021, Serbia's adjusted net national income (current US$) rose 15.9% on 2020 (from US$43.82 billion to US$50.79 billion).

Across the 14 yearly changes before that (2007 to 2020), the average change was +4.4% and a typical year strayed about 13.8% from that (the standard deviation). This year's change was 0.8 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

On record, the biggest yearly rise was 31.3% in 2007 and the biggest yearly fall was 15.9% in 2015. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2012 to 2021 the straight-line trend is upward, about US$1.28 billion a year. A straight line explains 48% of the movement over 10 observed years.

Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.

How it compares

In 2021, Serbia had the 73rd highest value of the 167 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.

Closest to Serbia in the 2021 ranking

• Lithuania — 69th of 167: US$55.9 billion
• Belarus — 70th of 167: US$54.07 billion
• Panama — 71st of 167: US$51.48 billion
• Uruguay — 73rd of 167: US$49.99 billion
• Uzbekistan — 74th of 167: US$49.92 billion
• Luxembourg — 75th of 167: US$49.78 billion

What this measures

Adjusted net national income is GNI minus consumption of fixed capital and natural resources depletion. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.

Limitations: Adjusted net national income differs from the adjustments made in the calculation of adjusted net savings, by not accounting for investments in human capital or the damages from pollution. Thus, adjusted net national income remains within the boundaries of the United Nations System of National Accounts (SNA). The SNA includes non-produced natural assets (such as land, mineral resources, and forests) within the asset boundary when they are under the effective control of institutional units. The calculation of adjusted net national income, which accounts for net forest, energy, and mineral depletion, as well as consumption of fixed capital, thus remains within the SNA boundaries.

Regional and income-group figures are computed by the World Bank as a gap-filled total.

All 16 values

Adjusted net national income (current US$) in nearby economies

• Albania — US$14.8 billion (2021)
• Armenia — US$11.23 billion (2021)
• Austria — US$387.62 billion (2021)
• Azerbaijan — US$40.2 billion (2021)
• Belarus — US$54.07 billion (2021)
• Belgium — US$483.64 billion (2021)
• Bosnia and Herzegovina — US$19.53 billion (2021)
• Bulgaria — US$69.57 billion (2021)
• Croatia — US$56.45 billion (2021)
• Cyprus — US$22.23 billion (2021)

More economic policy & debt data for Serbia

• External debt stocks, total (DOD, current US$) — US$51.98 billion (2024)
• Use of IMF credit (DOD, current US$) — US$2.64 billion (2024)
• External debt stocks, long-term (DOD, current US$) — US$48.35 billion (2024)
• External debt stocks, private nonguaranteed (PNG) (DOD, current US$) — US$20.37 billion (2024)
• External debt stocks, public and publicly guaranteed (PPG) (DOD, current US$) — US$27.97 billion (2024)
• External debt stocks, short-term (DOD, current US$) — US$1 billion (2024)
• Short-term debt (% of total external debt) — 1.92% (2024)
• PPG, IBRD (DOD, current US$) — US$2.31 billion (2024)
• IBRD loans and IDA credits (DOD, current US$)

Reading data like this

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Questions people ask

What is Serbia's adjusted net national income (current US$)?

US$50.79 billion in 2021, according to the World Bank (World Development Indicators).

How has it changed since 2006?

It is up 88.76% from US$26.91 billion in 2006 (4.33% a year on average, compounded). The highest value was US$50.79 billion in 2021 and the lowest US$26.91 billion in 2006.

How does Serbia rank?

73rd highest of 167 economies with data for 2021.

Is the latest change in adjusted net national income (current US$) unusual for Serbia?

In 2021, Serbia's adjusted net national income (current US$) rose 15.9% on 2020 (from US$43.82 billion to US$50.79 billion). Across the 14 yearly changes before that (2007 to 2020), the average change was +4.4% and a typical year strayed about 13.8% from that (the standard deviation). This year's change was 0.8 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

Source

World Bank, World Development Indicators, indicator NY.ADJ.NNTY.CD, licensed CC BY 4.0. Original source: Staff estimates, World Bank (WB); The Changing Wealth of Nations: Measuring Sustainable Development in the New Millennium, World Bank (WB) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.

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