Serbia's debt service on external debt, public and publicly guaranteed (PPG) (TDS, current US$) was US$4.26 billion in 2024, the latest year in the World Bank's World Development Indicators. That is up 175.82% from US$1.55 billion in 2014 (10.68% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | US$4.26 billion | 2024 |
| Five years earlier | US$3.26 billion | 2019 |
| Ten years earlier | US$1.55 billion | 2014 |
| Highest | US$4.26 billion | 2024 |
| Lowest | US$4,000 | 1995 |
| Average since 2015 | US$2.58 billion | 2015–2024 |
| First recorded | US$252.53 million |
What the numbers say
In 2024, Serbia's debt service on external debt, public and publicly guaranteed (PPG) (TDS, current US$) rose 77.8% on 2023 (from US$2.4 billion to US$4.26 billion).
Across the 30 yearly changes before that (1986 to 2023), the average change was +14.9% and a typical year strayed about 43.1% from that (the standard deviation). This year's change was 1.5 standard deviations above 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 101.1% in 2002 and the biggest yearly fall was 98.2% in 1993. 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 there is no clear straight-line trend: a straight line explains 28% 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 2024, Serbia had the 24th highest value of the 120 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.
| Value | Year | |
|---|---|---|
| Serbia | US$4.26 billion | 2024 |
| Upper middle income | US$322.86 billion | 2024 |
Closest to Serbia in the 2024 ranking
- Ecuador — 21st of 120: US$4.51 billion
- Uzbekistan — 22nd of 120: US$4.42 billion
- Côte d'Ivoire — 23rd of 120: US$4.35 billion
- Dominican Republic — 25th of 120: US$4.26 billion
- Nigeria — 26th of 120: US$3.86 billion
- Ukraine — 27th of 120: US$3.61 billion
What this measures
Public and publicly guaranteed debt service is the sum of principal repayments and interest actually paid in currency, goods, or services on long-term obligations of public debtors and long-term private obligations guaranteed by a public entity. Data are in current U.S. dollars.
Regional and income-group figures are computed by the World Bank as a sum.
All 49 values
| Year | Debt service on external debt, public and publicly guaranteed (PPG) (TDS, current US$) |
|---|---|
| 2024 | 4,262,461,380 |
| 2023 | 2,397,195,052 |
| 2022 | 1,907,376,441 |
| 2021 | 2,396,543,198 |
| 2020 | 2,695,612,824 |
| 2019 | 3,260,265,012 |
| 2018 | 3,047,842,679 |
| 2017 | 2,771,402,801 |
| 2016 | 1,618,161,870 |
| 2015 | 1,420,900,086 |
Debt service on external debt, public and publicly guaranteed (PPG) (TDS, current US$) in nearby economies
- Albania — US$503.59 million (2024)
- Armenia — US$569.13 million (2024)
- Azerbaijan — US$3.31 billion (2024)
- Belarus — US$3.56 billion (2024)
- Bosnia and Herzegovina — US$567.79 million (2024)
- Bulgaria — US$2.25 billion (2024)
- Georgia — US$810.1 million (2024)
- Kazakhstan
More economic policy & debt data for Serbia
- External debt stocks, total (DOD, current US$) — 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 debt service on external debt, public and publicly guaranteed (PPG) (TDS, current US$)?
- US$4.26 billion in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1970?
- It is up 1,588% from US$252.53 million in 1970 (5.37% a year on average, compounded). The highest value was US$4.26 billion in 2024 and the lowest US$4,000 in 1995.
- How does Serbia rank?
- 24th highest of 120 economies with data for 2024.
- Is the latest change in debt service on external debt, public and publicly guaranteed (PPG) (TDS, current US$) unusual for Serbia?
- In 2024, Serbia's debt service on external debt, public and publicly guaranteed (PPG) (TDS, current US$) rose 77.8% on 2023 (from US$2.4 billion to US$4.26 billion). Across the 30 yearly changes before that (1986 to 2023), the average change was +14.9% and a typical year strayed about 43.1% from that (the standard deviation). This year's change was 1.5 standard deviations above 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.TDS.DPPG.CD, licensed CC BY 4.0. Original source: International Debt Statistics, 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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