Serbia: GDP (annual % growth)

Key figures

What the numbers say

In 2025, Serbia's GDP (annual % growth) fell 1.92 percentage points on 2024 (from 3.95% to 2.03%).

Across the 28 yearly changes before that (1997 to 2024), the average change was −0.08 percentage points and a typical year strayed about 5.54 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 16.38 percentage points in 2000 and the biggest yearly fall was 15.67 percentage points in 1999. 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 134th highest value of the 186 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

• Bosnia and Herzegovina — 131st of 186: 2.13%
• Dominican Republic — 132nd of 186: 2.12%
• Greece — 133rd of 186: 2.07%
• Lesotho — 135th of 186: 1.98%
• Malawi — 136th of 186: 1.89%
• Portugal — 137th of 186: 1.86%

What this measures

Gross domestic product is the total income earned through the production of goods and services in an economic territory during an accounting period. It can be measured in three different ways: using either the expenditure approach, the income approach, or the production approach. This indicator denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.

Limitations: Each industry's contribution to growth in the economy's output is measured by growth in the industry's value added. In principle, value added in constant prices can be estimated by measuring the quantity of goods and services produced in a period, valuing them at an agreed set of base year prices, and subtracting the cost of intermediate inputs, also in constant prices. This double-deflation method requires detailed information on the structure of prices of inputs and outputs. In many industries, however, value added is extrapolated from the base year using single volume indexes of outputs or, less commonly, inputs.

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

All 30 values

GDP (annual % growth) in nearby economies

• Albania — 3.79% (2025)
• Andorra — 3.87% (2025)
• Armenia — 7.2% (2025)
• Austria — 0.62% (2025)
• Azerbaijan — 1.45% (2025)
• Belarus — 1.3% (2025)
• Belgium — 0.98% (2025)
• Bosnia and Herzegovina — 2.13% (2025)
• Bulgaria — 3.1% (2025)
• Channel Islands — 3.72% (2023)
• Croatia — 3.4% (2025)
• Cyprus — 3.77% (2025)

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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• Real change or random noise? A plain guide to reading your numbers — 2 min read

Questions people ask

What is Serbia's GDP (annual % growth)?

2.03% in 2025, according to the World Bank (World Development Indicators).

How has it changed since 1996?

It is down 4.13 percentage points from 6.16% in 1996. The highest value was 8.93% in 1997 and the lowest -10.33% in 1999.

How does Serbia rank?

134th highest of 186 economies with data for 2025.

Is the latest change in GDP (annual % growth) unusual for Serbia?

In 2025, Serbia's GDP (annual % growth) fell 1.92 percentage points on 2024 (from 3.95% to 2.03%). Across the 28 yearly changes before that (1997 to 2024), the average change was −0.08 percentage points and a typical year strayed about 5.54 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 NY.GDP.MKTP.KD.ZG, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Organizations and/or Central Banks; National Accounts data files, Organisation for Economic Co-operation and Development (OECD); Staff estimates, 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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