Serbia: Adjusted savings, consumption of fixed capital (% of GNI)

Key figures

What the numbers say

In 2021, Serbia's adjusted savings, consumption of fixed capital (% of GNI) rose 0.58 percentage points on 2020 (from 15.03% to 15.62%).

Across the 23 yearly changes before that (1998 to 2020), the average change was −0.15 percentage points and a typical year strayed about 1.4 percentage points from that (the standard deviation). This year's change was 0.5 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 3.81 percentage points in 2001 and the biggest yearly fall was 2.98 percentage points in 2004. 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 0.15 percentage points a year. A straight line explains 40% 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 66th highest value of the 185 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

• Burundi — 62nd of 185: 15.89%
• Romania — 63rd of 185: 15.76%
• Suriname — 64th of 185: 15.71%
• Türkiye — 66th of 185: 15.33%
• New Zealand — 67th of 185: 15.24%
• United Kingdom — 68th of 185: 15.21%

What this measures

Consumption of fixed capital represents the replacement value of capital used up in the process of production. This indicator is expressed as a percentage of Gross National Income (GNI) which is the total income earned by all residents within an economic territory during an accounting period. It is equal to gross domestic product plus earned income receivable from abroad minus earned income payable abroad.

Regional and income-group figures are computed by the World Bank as a weighted average.

All 25 values

Adjusted savings, consumption of fixed capital (% of GNI) in nearby economies

• Albania — 17.02% (2021)
• Armenia — 12.94% (2021)
• Austria — 19.59% (2021)
• Azerbaijan — 8.67% (2021)
• Belarus — 16.87% (2021)
• Belgium — 19.31% (2021)
• Bosnia and Herzegovina — 15.1% (2021)
• Bulgaria — 14.49% (2021)
• Croatia — 18.38% (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 savings, consumption of fixed capital (% of GNI)?

15.62% in 2021, according to the World Bank (World Development Indicators).

How has it changed since 1997?

It is down 2.86 percentage points from 18.47% in 1997. The highest value was 20.59% in 2001 and the lowest 13.46% in 2015.

How does Serbia rank?

66th highest of 185 economies with data for 2021.

Is the latest change in adjusted savings, consumption of fixed capital (% of GNI) unusual for Serbia?

In 2021, Serbia's adjusted savings, consumption of fixed capital (% of GNI) rose 0.58 percentage points on 2020 (from 15.03% to 15.62%). Across the 23 yearly changes before that (1998 to 2020), the average change was −0.15 percentage points and a typical year strayed about 1.4 percentage points from that (the standard deviation). This year's change was 0.5 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.DKAP.GN.ZS, licensed CC BY 4.0. Original source: Staff estimates, World Bank (WB); National Accounts Statistics, United Nations (UN), publisher: UN Statistics Division 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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