Serbia: Portfolio investment, bonds (PPG + PNG) (NFL, current US$)

Key figures

What the numbers say

In 2024, Serbia's portfolio investment, bonds (PPG + PNG) (NFL, current US$) fell US$622.79 million on 2023 (from US$1.75 billion to US$1.13 billion).

Across the 27 yearly changes before that (1971 to 2023), the average change was +US$55.6 million and a typical year strayed about US$904.08 million from that (the standard deviation). This year's change was 0.8 standard deviations below 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$2.53 billion in 2020 and the biggest yearly fall was US$2.5 billion in 2014. 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 upward, about US$263.63 million a year. A straight line explains 35% of the movement over 9 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 15th highest value of the 59 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

• Dominican Republic — 12th of 59: US$1.45 billion
• Guatemala — 13th of 59: US$1.4 billion
• Morocco — 14th of 59: US$1.27 billion
• Mongolia — 16th of 59: US$1.04 billion
• Senegal — 17th of 59: US$927.41 million
• Paraguay — 18th of 59: US$857.42 million

What this measures

Bonds are securities issued with a fixed rate of interest for a period of more than one year. They include net flows through cross-border public and publicly guaranteed and private nonguaranteed bond issues. Data are in current U.S. dollars.

Limitations: The DRS encourages debtor countries to voluntarily provide information on their short-term external obligations. By its nature, short-term external debt is difficult to monitor: loan-by-loan registration is normally impractical, and monitoring systems typically rely on information requested periodically by the central bank from the banking sector. The World Bank regards the debtor country as the authoritative source of information on its short-term debt. Where such information is not available from the debtor country, data are derived from BIS data on international bank lending based on time remaining to original maturity.

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

All 31 values

Portfolio investment, bonds (PPG + PNG) (NFL, current US$) in nearby economies

• Albania — US$590.95 million (2023)
• Armenia — US$0 (2024)
• Belarus — US$0 (2024)
• Bosnia and Herzegovina — US$0 (2024)
• Bulgaria — US$870.14 million (2022)
• Georgia — US$681.5 million (2024)
• Kazakhstan — −US$462.63 million (2024)
• Montenegro — US$750 million (2024)
• North Macedonia — US$110,000 (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

• Where to find free public data, and how to check it before you trust it — 2 min read
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Questions people ask

What is Serbia's portfolio investment, bonds (PPG + PNG) (NFL, current US$)?

US$1.13 billion in 2024, according to the World Bank (World Development Indicators).

How has it changed since 1970?

It is up 63,473% from −US$1.78 million in 1970. The highest value was US$2.55 billion in 2021 and the lowest −US$1 billion in 2018.

How does Serbia rank?

15th highest of 59 economies with data for 2024.

Is the latest change in portfolio investment, bonds (PPG + PNG) (NFL, current US$) unusual for Serbia?

In 2024, Serbia's portfolio investment, bonds (PPG + PNG) (NFL, current US$) fell US$622.79 million on 2023 (from US$1.75 billion to US$1.13 billion). Across the 27 yearly changes before that (1971 to 2023), the average change was +US$55.6 million and a typical year strayed about US$904.08 million from that (the standard deviation). This year's change was 0.8 standard deviations below 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.BOND.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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