Serbia's external debt stocks (% of GNI) was 62.25% in 2024, the latest year in the World Bank's World Development Indicators. That is down 5.58 percentage points from 67.83% in 2014.
Key figures
| Value | Year | |
|---|---|---|
| Latest | 62.25% | 2024 |
| Five years earlier | 63.42% | 2019 |
| Ten years earlier | 67.83% | 2014 |
| Highest | 157.97% | 2000 |
| Lowest | 39.06% | 1997 |
| Average since 2015 | 67.9% | 2015–2024 |
| First recorded | 39.06% | 1997 |
What the numbers say
In 2024, Serbia's external debt stocks (% of GNI) fell 2.93 percentage points on 2023 (from 65.18% to 62.25%).
Across the 26 yearly changes before that (1998 to 2023), the average change was +1 percentage points and a typical year strayed about 26.5 percentage points from that (the standard deviation). This year's change was 0.1 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 105.43 percentage points in 2000 and the biggest yearly fall was 66.25 percentage points in 2001. 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 downward, about 0.89 percentage points a year. A straight line explains 31% 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 34th highest value of the 110 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 | 62.25% | 2024 |
| Upper middle income | 21.3% | 2024 |
Closest to Serbia in the 2024 ranking
- Armenia — 30th of 110: 65.99%
- Lesotho — 31st of 110: 65.35%
- Kazakhstan — 32nd of 110: 62.6%
- Uzbekistan — 34th of 110: 60.51%
- Nigeria — 35th of 110: 60.04%
- Sri Lanka — 36th of 110: 58.89%
What this measures
Total external debt stocks to gross national income. Total external debt is debt owed to nonresidents repayable in currency, goods, or services. Total external debt is the sum of public, publicly guaranteed, and private nonguaranteed long-term debt, use of IMF credit, and short-term debt. Short-term debt includes all debt having an original maturity of one year or less and interest in arrears on long-term debt. GNI (formerly GNP) is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad.
Regional and income-group figures are computed by the World Bank as a weighted average.
All 28 values
| Year | External debt stocks (% of GNI) |
|---|---|
| 2024 | 62.25 |
| 2023 | 65.18 |
| 2022 | 70.47 |
| 2021 | 65.92 |
| 2020 | 71.74 |
| 2019 | 63.42 |
| 2018 | 61.84 |
| 2017 | 71.73 |
| 2016 | 69.78 |
| 2015 | 76.66 |
| 2014 |
External debt stocks (% of GNI) in nearby economies
- Albania — 39.72% (2024)
- Armenia — 65.99% (2024)
- Azerbaijan — 17.04% (2024)
- Belarus — 46.15% (2024)
- Bosnia and Herzegovina — 49.16% (2024)
- Bulgaria — 55.14% (2022)
- Georgia — 79.68% (2024)
- Kazakhstan — 62.6% (2024)
- Kosovo — 38.61% (2024)
- Kyrgyz Republic — 69.25% (2024)
- Moldova — 57.15% (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 external debt stocks (% of GNI)?
- 62.25% in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1997?
- It is up 23.19 percentage points from 39.06% in 1997. The highest value was 157.97% in 2000 and the lowest 39.06% in 1997.
- How does Serbia rank?
- 34th highest of 110 economies with data for 2024.
- Is the latest change in external debt stocks (% of GNI) unusual for Serbia?
- In 2024, Serbia's external debt stocks (% of GNI) fell 2.93 percentage points on 2023 (from 65.18% to 62.25%). Across the 26 yearly changes before that (1998 to 2023), the average change was +1 percentage points and a typical year strayed about 26.5 percentage points from that (the standard deviation). This year's change was 0.1 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 DT.DOD.DECT.GN.ZS, 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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