Serbia's debt service on external debt, total (TDS, current US$) was US$10.33 billion in 2024, the latest year in the World Bank's World Development Indicators. That is up 24.51% from US$8.29 billion in 2014 (2.22% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | US$10.33 billion | 2024 |
| Five years earlier | US$6.87 billion | 2019 |
| Ten years earlier | US$8.29 billion | 2014 |
| Highest | US$10.33 billion | 2024 |
| Lowest | US$18.56 million | 1996 |
| Average since 2015 | US$6.02 billion | 2015–2024 |
| First recorded | US$533.58 million |
What the numbers say
In 2024, Serbia's debt service on external debt, total (TDS, current US$) rose 88.6% on 2023 (from US$5.47 billion to US$10.33 billion).
Across the 30 yearly changes before that (1994 to 2023), the average change was +28.1% and a typical year strayed about 59% from that (the standard deviation). This year's change was 1.0 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 184% in 1997 and the biggest yearly fall was 97% 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 the straight-line trend is upward, about US$351.36 million 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 2024, Serbia had the 23rd 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$10.33 billion | 2024 |
| Upper middle income | US$967.38 billion | 2024 |
Closest to Serbia in the 2024 ranking
- Uzbekistan — 20th of 120: US$11.47 billion
- Angola — 21st of 120: US$10.87 billion
- Ukraine — 22nd of 120: US$10.33 billion
- Morocco — 24th of 120: US$8.9 billion
- Bangladesh — 25th of 120: US$8.6 billion
- Ecuador — 26th of 120: US$8.49 billion
What this measures
Total debt service is the sum of principal repayments and interest actually paid in currency, goods, or services on long-term debt, interest paid on short-term debt, and repayments (repurchases and charges) to the IMF. Data are in current U.S. dollars.
Regional and income-group figures are computed by the World Bank as a sum.
All 55 values
| Year | Debt service on external debt, total (TDS, current US$) |
|---|---|
| 2024 | 10,326,404,217 |
| 2023 | 5,474,880,695 |
| 2022 | 6,104,692,236 |
| 2021 | 5,934,363,776 |
| 2020 | 5,006,383,152 |
| 2019 | 6,874,933,815 |
| 2018 | 5,555,888,827 |
| 2017 | 4,866,779,845 |
| 2016 | 5,868,649,189 |
| 2015 | 4,184,735,146 |
Debt service on external debt, total (TDS, current US$) in nearby economies
- Albania — US$871.91 million (2024)
- Armenia — US$1.82 billion (2024)
- Azerbaijan — US$4.18 billion (2024)
- Belarus — US$5.34 billion (2024)
- Bosnia and Herzegovina — US$1.46 billion (2024)
- Bulgaria — US$7.32 billion (2024)
- Georgia — US$4.81 billion (2024)
- Kazakhstan — US$46.33 billion (2024)
- Kosovo — US$376.95 million (2024)
More economic policy & debt data for Serbia
- External debt stocks, total (DOD, current US$) — 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, total (TDS, current US$)?
- US$10.33 billion in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1970?
- It is up 1,835% from US$533.58 million in 1970 (5.64% a year on average, compounded). The highest value was US$10.33 billion in 2024 and the lowest US$18.56 million in 1996.
- How does Serbia rank?
- 23rd highest of 120 economies with data for 2024.
- Is the latest change in debt service on external debt, total (TDS, current US$) unusual for Serbia?
- In 2024, Serbia's debt service on external debt, total (TDS, current US$) rose 88.6% on 2023 (from US$5.47 billion to US$10.33 billion). Across the 30 yearly changes before that (1994 to 2023), the average change was +28.1% and a typical year strayed about 59% from that (the standard deviation). This year's change was 1.0 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.DECT.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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