Serbia's net financial flows, bilateral (NFL, current US$) was US$328.95 million in 2024, the latest year in the World Bank's World Development Indicators. That is down 71.46% from US$1.15 billion in 2014 (11.78% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | US$328.95 million | 2024 |
| Five years earlier | US$343.96 million | 2019 |
| Ten years earlier | US$1.15 billion | 2014 |
| Highest | US$1.36 billion | 2022 |
| Lowest | −US$411.62 million | 1991 |
| Average since 2015 | US$354.39 million | 2015–2024 |
| First recorded | US$17.97 million |
What the numbers say
In 2024, Serbia's net financial flows, bilateral (NFL, current US$) rose US$48.47 million on 2023 (from US$280.48 million to US$328.95 million).
Across the 30 yearly changes before that (1988 to 2023), the average change was +US$12.57 million and a typical year strayed about US$400.95 million from that (the standard deviation). This year's change was 0.1 standard deviations above 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 US$977.16 million in 2022 and the biggest yearly fall was US$1.08 billion in 2023. 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 there is no clear straight-line trend: a straight line explains 10% 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 2024, Serbia had the 18th highest value of the 116 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$328.95 million | 2024 |
| Upper middle income | US$1.12 billion | 2024 |
Closest to Serbia in the 2024 ranking
What this measures
Bilateral debt includes loans from governments and their agencies (including central banks), loans from autonomous bodies, and direct loans from official export credit agencies. Net flows (or net lending or net disbursements) received by the borrower during the year are disbursements minus principal repayments. Data are in current U.S. dollars.
Regional and income-group figures are computed by the World Bank as a sum.
All 50 values
| Year | Net financial flows, bilateral (NFL, current US$) |
|---|---|
| 2024 | 328,946,426 |
| 2023 | 280,481,424 |
| 2022 | 1,358,629,391 |
| 2021 | 381,471,450 |
| 2020 | -153,533,138 |
| 2019 | 343,957,653 |
| 2018 | 307,499,453 |
| 2017 | 215,512,058 |
| 2016 | 277,473,605 |
| 2015 | 203,500,046 |
Net financial flows, bilateral (NFL, current US$) in nearby economies
- Albania — US$98.56 million (2024)
- Armenia — −US$9.13 million (2024)
- Azerbaijan — −US$80.13 million (2024)
- Belarus — −US$923.72 million (2024)
- Bosnia and Herzegovina — −US$18.09 million (2024)
- Bulgaria — −US$31.61 million (2022)
- Georgia — −US$34.83 million (2024)
- Kazakhstan — US$106.47 million (2024)
- Kosovo — −US$376,605 (2024)
- Kyrgyz Republic
More economic policy & debt data for Serbia
- External debt stocks, total (DOD, current US$) — 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 net financial flows, bilateral (NFL, current US$)?
- US$328.95 million in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1970?
- It is up 1,731% from US$17.97 million in 1970 (5.53% a year on average, compounded). The highest value was US$1.36 billion in 2022 and the lowest −US$411.62 million in 1991.
- How does Serbia rank?
- 18th highest of 116 economies with data for 2024.
- Is the latest change in net financial flows, bilateral (NFL, current US$) unusual for Serbia?
- In 2024, Serbia's net financial flows, bilateral (NFL, current US$) rose US$48.47 million on 2023 (from US$280.48 million to US$328.95 million). Across the 30 yearly changes before that (1988 to 2023), the average change was +US$12.57 million and a typical year strayed about US$400.95 million from that (the standard deviation). This year's change was 0.1 standard deviations above 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.NFL.BLAT.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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