Serbia's current account balance (% of GDP) was -4.9% in 2025, the latest year in the World Bank's World Development Indicators. That is down 1.58 percentage points from -3.32% in 2015.
Key figures
| Value | Year | |
|---|---|---|
| Latest | -4.9% | 2025 |
| Five years earlier | -3.9% | 2020 |
| Ten years earlier | -3.32% | 2015 |
| Highest | -2.39% | 2023 |
| Lowest | -19.43% | 2008 |
| Average since 2016 | -4.55% | 2016–2025 |
| First recorded | -16.76% | 2007 |
What the numbers say
In 2025, Serbia's current account balance (% of GDP) fell 0.34 percentage points on 2024 (from -4.56% to -4.9%).
Across the 17 yearly changes before that (2008 to 2024), the average change was +0.72 percentage points and a typical year strayed about 4.1 percentage points from that (the standard deviation). This year's change was 0.3 standard deviations below 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 13.47 percentage points in 2009 and the biggest yearly fall was 3.74 percentage points 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 2016 to 2025 there is no clear straight-line trend: a straight line explains less than 1% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
How it compares
In 2025, Serbia had the 103rd highest value of the 135 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 2025 ranking
- North Macedonia — 100th of 135: -4.27%
- Congo, Dem. Rep. — 101st of 135: -4.33%
- Tonga — 102nd of 135: -4.41%
- Uganda — 104th of 135: -5.16%
- Madagascar — 105th of 135: -5.2%
- Latvia — 106th of 135: -5.27%
What this measures
Balance of current transactions (transactions in goods and services, earned income and transfer income) between residents and non-residents. The term current account balance is used in the external accounts and is expressed from the perspective of resident units. The term current external balance is used in the national accounts and is expressed from the perspective of the non-resident units, and therefore with the opposite sign. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.
All 19 values
| Year | Current account balance (% of GDP) |
|---|---|
| 2025 | -4.9 |
| 2024 | -4.56 |
| 2023 | -2.39 |
| 2022 | -6.67 |
| 2021 | -4.01 |
| 2020 | -3.9 |
| 2019 | -6.56 |
| 2018 | -4.66 |
| 2017 | -5.05 |
| 2016 | -2.82 |
| 2015 |
Current account balance (% of GDP) in nearby economies
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
Questions people ask
- What is Serbia's current account balance (% of GDP)?
- -4.9% in 2025, according to the World Bank (World Development Indicators).
- How has it changed since 2007?
- It is up 11.86 percentage points from -16.76% in 2007. The highest value was -2.39% in 2023 and the lowest -19.43% in 2008.
- How does Serbia rank?
- 103rd highest of 135 economies with data for 2025.
- Is the latest change in current account balance (% of GDP) unusual for Serbia?
- In 2025, Serbia's current account balance (% of GDP) fell 0.34 percentage points on 2024 (from -4.56% to -4.9%). Across the 17 yearly changes before that (2008 to 2024), the average change was +0.72 percentage points and a typical year strayed about 4.1 percentage points from that (the standard deviation). This year's change was 0.3 standard deviations below 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 BN.CAB.XOKA.GD.ZS, licensed CC BY 4.0. Original source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF); World Development Indicators Database, World Bank (WB); National Accounts data files, Organisation for Economic Co-operation and Development (OECD) 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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