Serbia's international tourism, expenditures for travel items (current US$) was US$1.12 billion in 2020, the latest year in the World Bank's World Development Indicators. That is up 16.88% from US$954 million in 2010 (1.57% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | US$1.12 billion | 2020 |
| Five years earlier | US$1.1 billion | 2015 |
| Ten years earlier | US$954 million | 2010 |
| Highest | US$1.81 billion | 2019 |
| Lowest | US$954 million | 2010 |
| Average since 2011 | US$1.27 billion | 2011–2020 |
| First recorded | US$1.04 billion |
What the numbers say
In 2020, Serbia's international tourism, expenditures for travel items (current US$) fell 38.3% on 2019 (from US$1.81 billion to US$1.12 billion).
Across the 12 yearly changes before that (2008 to 2019), the average change was +5.5% and a typical year strayed about 12.7% from that (the standard deviation). This year's change was 3.4 standard deviations below that average, so it was unusually large compared with the rest of the record.
On record, the biggest yearly rise was 20.1% in 2008 and the biggest yearly fall was 38.3% in 2020. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2011 to 2020 the straight-line trend is upward, about US$53.64 million a year. A straight line explains 39% 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 2020, Serbia had the 50th highest value of the 155 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$1.12 billion | 2020 |
| World | US$1.4 trillion | 2019 |
| Europe & Central Asia | US$513.62 billion | 2019 |
| Upper middle income | US$417.2 billion | 2019 |
Closest to Serbia in the 2020 ranking
What this measures
International tourism expenditures are expenditures of international outbound visitors in other countries. The goods and services are purchased by, or on behalf of, the traveler or provided, without a quid pro quo, for the traveler to use or give away. These may include expenditures by residents traveling abroad as same-day visitors, except in cases where these are so important as to justify a separate classification. Excluded is the international carriage of travelers, which is covered in passenger travel items. Data are in current U.S. dollars.
Regional and income-group figures are computed by the World Bank as a gap-filled total.
All 14 values
| Year | International tourism, expenditures for travel items (current US$) |
|---|---|
| 2020 | 1,115,000,000 |
| 2019 | 1,806,000,000 |
| 2018 | 1,643,000,000 |
| 2017 | 1,381,000,000 |
| 2016 | 1,202,000,000 |
| 2015 | 1,102,000,000 |
| 2014 | 1,179,000,000 |
| 2013 | 1,117,000,000 |
| 2012 | 1,031,000,000 |
| 2011 | 1,105,000,000 |
International tourism, expenditures for travel items (current US$) in nearby economies
- Albania — US$763 million (2020)
- Armenia — US$307 million (2020)
- Austria — US$4.9 billion (2020)
- Azerbaijan — US$412 million (2020)
- Belarus — US$445 million (2020)
- Belgium — US$13.04 billion (2020)
- Bosnia and Herzegovina — US$112 million (2020)
- Bulgaria — US$1.05 billion (2020)
- Croatia
More private sector & trade data for Serbia
- Merchandise trade (% of GDP) — 84.58% (2025)
- Merchandise imports (current US$) — US$47.23 billion (2025)
- Merchandise exports (current US$) — US$37.31 billion (2025)
- New business density (new registrations per 1,000 people ages 15-64) — 2.12 (2024)
- New businesses registered (number) — 8,788 (2024)
- International tourism, number of arrivals — 446,000 (2020)
- International tourism, receipts (current US$) — US$1.42 billion (2020)
- International tourism, expenditures (current US$) — US$1.18 billion (2020)
- Insurance and financial services (% of commercial service imports) — 1.66% (2025)
Reading data like this
Questions people ask
- What is Serbia's international tourism, expenditures for travel items (current US$)?
- US$1.12 billion in 2020, according to the World Bank (World Development Indicators).
- How has it changed since 2007?
- It is up 7.01% from US$1.04 billion in 2007 (0.52% a year on average, compounded). The highest value was US$1.81 billion in 2019 and the lowest US$954 million in 2010.
- How does Serbia rank?
- 50th highest of 155 economies with data for 2020.
- Is the latest change in international tourism, expenditures for travel items (current US$) unusual for Serbia?
- In 2020, Serbia's international tourism, expenditures for travel items (current US$) fell 38.3% on 2019 (from US$1.81 billion to US$1.12 billion). Across the 12 yearly changes before that (2008 to 2019), the average change was +5.5% and a typical year strayed about 12.7% from that (the standard deviation). This year's change was 3.4 standard deviations below that average, so it was unusually large compared with the rest of the record.
Source
World Bank, World Development Indicators, indicator ST.INT.TVLX.CD, licensed CC BY 4.0. Original source: Yearbook of Tourism Statistics, Compendium of Tourism Statistics and data files, UN Tourism 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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