Serbia: Net financial flows, RDB nonconcessional (NFL, current US$)

Key figures

What the numbers say

In 2024, Serbia's net financial flows, RDB nonconcessional (NFL, current US$) fell US$106.65 million on 2023 (from US$141.48 million to US$34.83 million).

Across the 21 yearly changes before that (2003 to 2023), the average change was +US$6 million and a typical year strayed about US$88.55 million from that (the standard deviation). This year's change was 1.3 standard deviations below 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 US$167.16 million in 2019 and the biggest yearly fall was US$189.54 million in 2018. 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 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 2024, Serbia had the 35th highest value of the 77 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 2024 ranking

• Türkiye — 32nd of 77: US$47.56 million
• Uganda — 33rd of 77: US$46.89 million
• El Salvador — 34th of 77: US$43.21 million
• Benin — 36th of 77: US$31.29 million
• North Macedonia — 37th of 77: US$29.97 million
• Belarus — 38th of 77: US$29.23 million

What this measures

Net financial flows received by the borrower during the year are disbursements of loans and credits less repayments of principal. Nonconcessional financial flows cover all disbursements except those made through concessional lending facilities. Regional development banks are the African Development Bank, in Tunis, Tunisia, which serves all of Africa, including North Africa; the Asian Development Bank, in Manila, Philippines, which serves South and Central Asia and East Asia and Pacific; the European Bank for Reconstruction and Development, in London, United Kingdom, which serves Europe and Central Asia; and the Inter-American Development Bank, in Washington, D.C., which serves the Americas. Aggregates include amounts for economies not specified elsewhere. Data are in current U.S. dollars.

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

All 23 values

Net financial flows, RDB nonconcessional (NFL, current US$) in nearby economies

• Albania — −US$19.59 million (2024)
• Armenia — US$140.7 million (2024)
• Azerbaijan — −US$203.97 million (2024)
• Belarus — US$29.23 million (2024)
• Bosnia and Herzegovina — US$52.84 million (2024)
• Bulgaria — −US$83.72 million (2022)
• Georgia — US$141.81 million (2024)
• Kazakhstan — −US$205.14 million (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

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Questions people ask

What is Serbia's net financial flows, RDB nonconcessional (NFL, current US$)?

US$34.83 million in 2024, according to the World Bank (World Development Indicators).

How has it changed since 2002?

It is up 126.11% from US$15.4 million in 2002 (3.78% a year on average, compounded). The highest value was US$164.22 million in 2016 and the lowest −US$166.48 million in 2018.

How does Serbia rank?

35th highest of 77 economies with data for 2024.

Is the latest change in net financial flows, RDB nonconcessional (NFL, current US$) unusual for Serbia?

In 2024, Serbia's net financial flows, RDB nonconcessional (NFL, current US$) fell US$106.65 million on 2023 (from US$141.48 million to US$34.83 million). Across the 21 yearly changes before that (2003 to 2023), the average change was +US$6 million and a typical year strayed about US$88.55 million from that (the standard deviation). This year's change was 1.3 standard deviations below that average, so it was larger than a typical year, though not out of the range seen before.

Source

World Bank, World Development Indicators, indicator DT.NFL.RDBN.CD, licensed CC BY 4.0. Original source: International Debt Statistics, World Bank (WB), uri: https://www.worldbank.org/en/programs/debt-statistics 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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