Serbia: Adjusted savings, net national savings (current US$)

Key figures

What the numbers say

In 2021, Serbia's adjusted savings, net national savings (current US$) rose US$704.96 million on 2020 (from US$3.21 billion to US$3.92 billion).

Across the 13 yearly changes before that (2008 to 2020), the average change was +US$397.85 million and a typical year strayed about US$1.31 billion from that (the standard deviation). This year's change was 0.2 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 US$2.78 billion in 2009 and the biggest yearly fall was US$2.13 billion in 2011. 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$501.02 million a year. A straight line explains 89% 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.

A straight-line projection, tested first

Extending that straight line gives about US$4.93 billion for 2024. We show this only because the same method, fitted on earlier years, predicted 2019 to 2021 better than "no change" would have: its average miss was US$447.38 million, against US$762.88 million for assuming no change. Treat it as a continuation of the recent pattern, not a forecast of events: it cannot see a recession, a policy change or a revision to the data.

See how a linear trend forecast works and the guide on forecasting without fooling yourself.

How it compares

In 2021, Serbia had the 81st highest value of the 132 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

• Croatia — 78th of 132: US$4.34 billion
• Honduras — 79th of 132: US$4.11 billion
• Jamaica — 80th of 132: US$4.08 billion
• Mauritania — 82nd of 132: US$3.09 billion
• Bermuda — 83rd of 132: US$2.78 billion
• Malta — 84th of 132: US$2.64 billion

What this measures

Net national savings are equal to gross national savings less the value of consumption of fixed capital. 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.

All 15 values

Adjusted savings, net national savings (current US$) in nearby economies

• Albania — US$457.58 million (2021)
• Armenia — US$542.25 million (2021)
• Austria — US$41.3 billion (2021)
• Azerbaijan — US$13.29 billion (2021)
• Belarus — US$8.86 billion (2021)
• Belgium — US$41.28 billion (2021)
• Bosnia and Herzegovina — US$1.34 billion (2021)
• Bulgaria — US$6.05 billion (2021)
• Croatia — US$4.34 billion (2021)
• Cyprus

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

• Where to find free public data, and how to check it before you trust it — 2 min read
• Data analysis examples: 6 worked from one dataset — 3 min read
• Real change or random noise? A plain guide to reading your numbers — 2 min read

Questions people ask

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

US$3.92 billion in 2021, according to the World Bank (World Development Indicators).

How has it changed since 2007?

It is up 300.19% from −US$1.96 billion in 2007. The highest value was US$3.92 billion in 2021 and the lowest −US$2.73 billion in 2008.

Source

World Bank, World Development Indicators, indicator NY.ADJ.NNAT.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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