Serbia: GNI per capita, PPP (constant 2021 international $)

Key figures

What the numbers say

In 2025, Serbia's GNI per capita, PPP (constant 2021 international $) rose 1,195 on 2024 (from 25,854 to 27,049).

Across the 27 yearly changes before that (1998 to 2024), the average change was +552.86 and a typical year strayed about 580.79 from that (the standard deviation). This year's change was 1.1 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 1,687 in 2021 and the biggest yearly fall was 988.7 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 the straight-line trend is upward, about 1,066 a year. A straight line explains 99% 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.

A straight-line projection, tested first

Extending that straight line gives about 29,185 for 2028. We show this only because the same method, fitted on earlier years, predicted 2023 to 2025 better than "no change" would have: its average miss was 2,201, against 2,845 for assuming no change. Treat it as a continuation of the recent pattern, not a forecast of events: it cannot see a recession, a policy change or a revision to the data.

See how a linear trend forecast works and the guide on forecasting without fooling yourself.

How it compares

In 2025, Serbia had the 30th highest value of the 100 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

• Uruguay — 26th of 100: 29,795
• Mauritius — 27th of 100: 29,004
• Argentina — 28th of 100: 27,594
• Costa Rica — 30th of 100: 25,809
• Georgia — 31st of 100: 24,718
• North Macedonia — 32nd of 100: 23,869

What this measures

This indicator provides values for gross national income (GNI) per person expressed in constant international dollars, converted by purchasing power parities (PPPs). PPPs account for the different price levels across countries and thus PPP-based comparisons of economic output are more appropriate for comparing the output of economies and the average material well-being of their inhabitants than exchange-rate based comparisons. Gross national income is the total income earned by all residents within an economic territory during an accounting period. It is equal to gross domestic product plus earned income receivable from abroad minus earned income payable abroad. The core indicator has been divided by the general population to achieve a per capita estimate. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2021. The PPP conversion factor is a currency conversion factor and a spatial price deflator. PPPs convert different currencies to a common currency and, in the process of conversion, equalize their purchasing power by eliminating the differences in price levels between countries, thereby allowing volume or output comparisons of GDP and its expenditure components.

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

All 29 values

GNI per capita, PPP (constant 2021 international $) in nearby economies

• Albania — 22,397 (2024)
• Armenia — 20,437 (2025)
• Austria — 62,385 (2024)
• Belarus — 30,113 (2025)
• Belgium — 62,975 (2024)
• Bosnia and Herzegovina — 21,136 (2025)
• Bulgaria — 33,267 (2025)
• Croatia — 44,131 (2025)
• Cyprus — 48,268 (2025)
• Czechia

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
• Data analysis examples: 6 worked from one dataset — 3 min read
• Real change or random noise? A plain guide to reading your numbers — 2 min read

Questions people ask

What is Serbia's GNI per capita, PPP (constant 2021 international $)?

27,049 in 2025, according to the World Bank (World Development Indicators).

How has it changed since 1997?

It is up 147.54% from 10,927 in 1997 (3.29% a year on average, compounded). The highest value was 27,049 in 2025 and the lowest 10,235 in 1999.

Source

World Bank, World Development Indicators, indicator NY.GNP.PCAP.PP.KD, licensed CC BY 4.0. Original source: International Comparison Program (ICP), World Bank (WB), uri: https://www.worldbank.org/en/programs/icp/data, note: This information is for ICP’s PPPs utilized in WDI, publisher: International Comparison Program (ICP), date accessed: May 30, 2024, date published: May 30, 2024; The Eurostat PPP Progr… 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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