Serbia: Other manufacturing (% of value added in manufacturing)

Key figures

What the numbers say

In 2023, Serbia's other manufacturing (% of value added in manufacturing) fell 3.89 percentage points on 2022 (from 49.28% to 45.39%).

Across the 20 yearly changes before that (2003 to 2022), the average change was +0.41 percentage points and a typical year strayed about 1.46 percentage points from that (the standard deviation). This year's change was 2.9 standard deviations below that average, so it was unusually large compared with the rest of the record.

On record, the biggest yearly rise was 2.7 percentage points in 2010 and the biggest yearly fall was 3.89 percentage points 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 2014 to 2023 the straight-line trend is upward, about 0.54 percentage points a year. A straight line explains 61% 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 2023, Serbia had the 32nd highest value of the 66 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 2023 ranking

• Romania — 28th of 66: 47.04%
• Malta — 29th of 66: 46.54%
• United Arab Emirates — 30th of 66: 46.2%
• Brazil — 32nd of 66: 45.27%
• Czechia — 33rd of 66: 44.39%
• Italy — 34th of 66: 42.34%

What this measures

Other manufacturing, a residual, covers wood and related products (ISIC Rev. 3 division 20), paper and related products (ISIC Rev. 3 divisions 21 and 22), petroleum and related products (ISIC Rev. 3 division 23), basic metals and mineral products (ISIC Rev. 3 division27), fabricated metal products and professional goods (ISIC Rev. 3 division 28), and other industries (ISIC Rev. 3 divisions 25, 26, 31, 33, 36, and 37). Includes unallocated data. When data for textiles, machinery, or chemicals are shown as not available, they are included in other manufacturing. Value added is the contribution to the economy by a producer or an industry or an institutional sector, which is estimated by the total value of output produced and deducting the total value of intermediate consumption of goods and services used to produce that output. This indicator is expressed as a percentage of value added in manufacturing which is the contribution to the economy by the manufacturing sector (ISIC Rev. 3 major division D).

Limitations: In establishing classifications systems compilers must define both the types of activities to be described and the units whose activities are to be reported. There are many possibilities, and the choices affect how the statistics can be interpreted and how useful they are in analyzing economic behavior. The ISIC emphasizes commonalities in the production process and is explicitly not intended to measure outputs (for which there is a newly developed Central Product Classification). Nevertheless, the ISIC views an activity as defined by "a process resulting in a homogeneous set of products."

All 22 values

Other manufacturing (% of value added in manufacturing) in nearby economies

• Albania — 40.19% (2023)
• Armenia — 38.3% (2023)
• Austria — 54.66% (2023)
• Azerbaijan — 48.52% (2023)
• Belarus — 54.61% (2022)
• Belgium — 30.35% (2023)
• Bosnia and Herzegovina — 55.23% (2023)
• Bulgaria — 50.2% (2023)
• Croatia — 54.8% (2023)

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 other manufacturing (% of value added in manufacturing)?

45.39% in 2023, according to the World Bank (World Development Indicators).

How has it changed since 2002?

It is up 4.24 percentage points from 41.15% in 2002. The highest value was 49.28% in 2022 and the lowest 39.84% in 2005.

How does Serbia rank?

32nd highest of 66 economies with data for 2023.

Is the latest change in other manufacturing (% of value added in manufacturing) unusual for Serbia?

In 2023, Serbia's other manufacturing (% of value added in manufacturing) fell 3.89 percentage points on 2022 (from 49.28% to 45.39%). Across the 20 yearly changes before that (2003 to 2022), the average change was +0.41 percentage points and a typical year strayed about 1.46 percentage points from that (the standard deviation). This year's change was 2.9 standard deviations below that average, so it was unusually large compared with the rest of the record.

Source

World Bank, World Development Indicators, indicator NV.MNF.OTHR.ZS.UN, licensed CC BY 4.0. Original source: International Yearbook of Industrial Statistics, UN Industrial Development Organization (UNIDO) 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.

Want to ask your own questions of data like this? Try AnalyzeIt: upload a file or ask about public data in plain words, and every figure comes with its working.