Serbia's PPG, IBRD (DOD, current US$) was US$2.31 billion in 2024, the latest year in the World Bank's World Development Indicators. That is up 23.69% from US$1.87 billion in 2014 (2.15% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | US$2.31 billion | 2024 |
| Five years earlier | US$2.46 billion | 2019 |
| Ten years earlier | US$1.87 billion | 2014 |
| Highest | US$3.31 billion | 1987 |
| Lowest | US$243.75 million | 1970 |
| Average since 2015 | US$2.37 billion | 2015–2024 |
| First recorded | US$243.75 million |
What the numbers say
In 2024, Serbia's PPG, IBRD (DOD, current US$) fell 3.6% on 2023 (from US$2.39 billion to US$2.31 billion).
Across the 30 yearly changes before that (1994 to 2023), the average change was +3.5% and a typical year strayed about 16.3% from that (the standard deviation). This year's change was 0.4 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 73.5% in 2002 and the biggest yearly fall was 43.1% in 1993. 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 18% 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 24th 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$2.31 billion | 2024 |
| Upper middle income | US$162.69 billion | 2024 |
Closest to Serbia in the 2024 ranking
- Uzbekistan — 20th of 62: US$3.35 billion
- Iraq — 21st of 62: US$2.81 billion
- Pakistan — 22nd of 62: US$2.62 billion
- Viet Nam — 24th of 62: US$2.14 billion
- Kenya — 25th of 62: US$1.95 billion
- Dominican Republic — 26th of 62: US$1.93 billion
What this measures
Public and publicly guaranteed debt outstanding from the International Bank for Reconstruction and Development (IBRD) is nonconcessional. Nonconcessional debt excludes loans with an original grant element of 35 percent or more. Data are in current U.S. dollars.
Regional and income-group figures are computed by the World Bank as a sum.
All 55 values
| Year | PPG, IBRD (DOD, current US$) |
|---|---|
| 2024 | 2,307,209,000 |
| 2023 | 2,394,556,000 |
| 2022 | 2,374,549,000 |
| 2021 | 2,534,059,000 |
| 2020 | 2,697,559,000 |
| 2019 | 2,456,431,000 |
| 2018 | 2,479,639,000 |
| 2017 | 2,544,017,000 |
| 2016 | 1,947,456,000 |
| 2015 | 2,000,260,000 |
| 2014 |
PPG, IBRD (DOD, current US$) in nearby economies
- Albania — US$967.09 million (2024)
- Armenia — US$1.07 billion (2024)
- Azerbaijan — US$1.03 billion (2024)
- Belarus — US$975.45 million (2024)
- Bosnia and Herzegovina — US$743.3 million (2024)
- Bulgaria — US$470.86 million (2022)
- Georgia — US$1.64 billion (2024)
- Kazakhstan — US$3.83 billion (2024)
- Kosovo — US$82.19 million (2024)
- Moldova — US$291.1 million (2024)
- Montenegro — US$264.05 million (2024)
More economic policy & debt data for Serbia
- External debt stocks, total (DOD, current US$) — 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$1 billion (2024)
- Short-term debt (% of total external debt) — 1.92% (2024)
- IBRD loans and IDA credits (DOD, current US$) — US$2.32 billion (2024)
- IFC, private nonguaranteed (NFL, current US$)
Reading data like this
Questions people ask
- What is Serbia's PPG, IBRD (DOD, current US$)?
- US$2.31 billion in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1970?
- It is up 846.56% from US$243.75 million in 1970 (4.25% a year on average, compounded). The highest value was US$3.31 billion in 1987 and the lowest US$243.75 million in 1970.
- How does Serbia rank?
- 24th highest of 62 economies with data for 2024.
- Is the latest change in PPG, IBRD (DOD, current US$) unusual for Serbia?
- In 2024, Serbia's PPG, IBRD (DOD, current US$) fell 3.6% on 2023 (from US$2.39 billion to US$2.31 billion). Across the 30 yearly changes before that (1994 to 2023), the average change was +3.5% and a typical year strayed about 16.3% from that (the standard deviation). This year's change was 0.4 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.DOD.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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