Serbia's net financial flows, IBRD (NFL, current US$) was US$58.46 million in 2024, the latest year in the World Bank's World Development Indicators. That is down 49.89% from US$116.67 million in 2014 (6.68% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | US$58.46 million | 2024 |
| Five years earlier | US$28.07 million | 2019 |
| Ten years earlier | US$116.67 million | 2014 |
| Highest | US$331.3 million | 2015 |
| Lowest | −US$315.59 million | 1991 |
| Average since 2015 | US$73.73 million | 2015–2024 |
| First recorded | US$27.42 million |
What the numbers say
In 2024, Serbia's net financial flows, IBRD (NFL, current US$) rose US$126.21 million on 2023 (from −US$67.75 million to US$58.46 million).
Across the 30 yearly changes before that (1986 to 2023), the average change was −US$7.15 million and a typical year strayed about US$145.8 million from that (the standard deviation). This year's change was 0.9 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$281.57 million in 2017 and the biggest yearly fall was US$321.7 million in 2016. 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 US$27.71 million a year. A straight line explains 41% 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 30th highest value of the 62 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$58.46 million | 2024 |
| Europe & Central Asia | US$5.92 billion | 2024 |
| Upper middle income | US$8.4 billion | 2024 |
Closest to Serbia in the 2024 ranking
- Montenegro — 27th of 62: US$78.92 million
- Sri Lanka — 28th of 62: US$64.29 million
- Congo, Rep. — 29th of 62: US$60.55 million
- Moldova — 31st of 62: US$49.38 million
- El Salvador — 32nd of 62: US$43.99 million
- Eswatini — 33rd of 62: US$31.34 million
What this measures
Net financial flows received by the borrower during the year are disbursements of loans and credits less repayments of principal. IBRD is the International Bank for Reconstruction and Development, the founding and largest member of the World Bank Group. Data are in current U.S. dollars.
Regional and income-group figures are computed by the World Bank as a sum.
All 49 values
| Year | Net financial flows, IBRD (NFL, current US$) |
|---|---|
| 2024 | 58,459,000 |
| 2023 | -67,749,000 |
| 2022 | -15,772,000 |
| 2021 | 43,730,000 |
| 2020 | 8,064,000 |
| 2019 | 28,070,000 |
| 2018 | 50,470,000 |
| 2017 | 291,160,000 |
| 2016 | 9,591,000 |
| 2015 | 331,295,000 |
| 2014 |
Net financial flows, IBRD (NFL, current US$) in nearby economies
- Albania — US$3.47 million (2024)
- Armenia — US$106.43 million (2024)
- Azerbaijan — −US$141.26 million (2024)
- Belarus — US$0 (2024)
- Bosnia and Herzegovina — US$107.84 million (2024)
- Bulgaria — −US$70.13 million (2022)
- Croatia — US$4.95 million (2016)
- Czechia — US$0 (2016)
- Estonia — US$0 (2016)
- Georgia — US$153.07 million (2024)
More economic policy & debt data for Serbia
- External debt stocks, total (DOD, current US$) — 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 net financial flows, IBRD (NFL, current US$)?
- US$58.46 million in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1970?
- It is up 113.18% from US$27.42 million in 1970 (1.41% a year on average, compounded). The highest value was US$331.3 million in 2015 and the lowest −US$315.59 million in 1991.
- How does Serbia rank?
- 30th highest of 62 economies with data for 2024.
- Is the latest change in net financial flows, IBRD (NFL, current US$) unusual for Serbia?
- In 2024, Serbia's net financial flows, IBRD (NFL, current US$) rose US$126.21 million on 2023 (from −US$67.75 million to US$58.46 million). Across the 30 yearly changes before that (1986 to 2023), the average change was −US$7.15 million and a typical year strayed about US$145.8 million from that (the standard deviation). This year's change was 0.9 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.MIBR.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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