Serbia: Commercial banks and other lending (PPG + PNG) (NFL, current US$)

Key figures

What the numbers say

In 2024, Serbia's commercial banks and other lending (PPG + PNG) (NFL, current US$) fell US$2.74 billion on 2023 (from US$4.25 billion to US$1.51 billion).

Across the 30 yearly changes before that (1985 to 2023), the average change was +US$107.1 million and a typical year strayed about US$1.5 billion from that (the standard deviation). This year's change was 1.9 standard deviations below that average, so it was larger than a typical year, though not out of the range seen before.

On record, the biggest yearly rise was US$3.93 billion in 2017 and the biggest yearly fall was US$3.16 billion in 2009. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2015 to 2024 the straight-line trend is upward, about US$329.16 million a year. A straight line explains 32% 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 2024, Serbia had the 11th highest value of the 87 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 2024 ranking

• Mongolia — 7th of 87: US$2.56 billion
• El Salvador — 8th of 87: US$2.11 billion
• Senegal — 9th of 87: US$1.69 billion
• Argentina — 11th of 87: US$1.31 billion
• Paraguay — 12th of 87: US$1.16 billion
• Philippines — 13th of 87: US$985.28 million

What this measures

Commercial bank and other lending includes net commercial bank lending (public and publicly guaranteed and private non- guaranteed) and other private credits. Data are in current U.S. dollars. Proposed: Commercial bank and other lending includes net commercial bank and other private creditors lending excluding bonds (public and publicly guaranteed + private nonguaranteed).

Limitations: Data on external debt are gathered through the World Bank's Debtor Reporting System (DRS). Long term debt data are compiled using the countries report on public and publicly guaranteed borrowing on a loan-by-loan basis and private non guaranteed borrowing on an aggregate basis. These data are supplemented by information from major multilateral banks and official lending agencies in major creditor countries. Short-term debt data are gathered from the Quarterly External Debt Statistics (QEDS) database, jointly developed by the World Bank and the IMF and from creditors through the reporting systems of the Bank for International Settlements.

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

All 48 values

Commercial banks and other lending (PPG + PNG) (NFL, current US$) in nearby economies

• Albania — US$423.93 million (2024)
• Armenia — US$274.09 million (2024)
• Azerbaijan — US$46.76 million (2024)
• Belarus — −US$828.98 million (2024)
• Bosnia and Herzegovina — US$195.51 million (2024)
• Bulgaria — US$254.71 million (2022)
• Georgia — −US$175.6 million (2024)
• Kazakhstan — −US$5.63 billion (2024)
• Kosovo

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
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Questions people ask

What is Serbia's commercial banks and other lending (PPG + PNG) (NFL, current US$)?

US$1.51 billion in 2024, according to the World Bank (World Development Indicators).

How has it changed since 1970?

It is up 583.05% from US$220.77 million in 1970 (3.62% a year on average, compounded). The highest value was US$4.25 billion in 2023 and the lowest −US$2.79 billion in 2014.

How does Serbia rank?

11th highest of 87 economies with data for 2024.

Is the latest change in commercial banks and other lending (PPG + PNG) (NFL, current US$) unusual for Serbia?

In 2024, Serbia's commercial banks and other lending (PPG + PNG) (NFL, current US$) fell US$2.74 billion on 2023 (from US$4.25 billion to US$1.51 billion). Across the 30 yearly changes before that (1985 to 2023), the average change was +US$107.1 million and a typical year strayed about US$1.5 billion from that (the standard deviation). This year's change was 1.9 standard deviations below that average, so it was larger than a typical year, though not out of the range seen before.

Source

World Bank, World Development Indicators, indicator DT.NFL.PCBO.CD, licensed CC BY 4.0. Original source: International Debt Statistics, World Bank (WB), uri: https://www.worldbank.org/en/programs/debt-statistics 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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