Economic Policy & Debt · Serbia
Yearly data from 1970 to 2024, from the World Bank.
Serbia's PPG, private creditors (NFL, current US$) was US$2.78 billion in 2024, the latest year in the World Bank's World Development Indicators. That is up 1,366% from −US$219.21 million in 2014.
| Value | Year | |
|---|---|---|
| Latest | US$2.78 billion | 2024 |
| Five years earlier | US$340.68 million | 2019 |
| Ten years earlier | −US$219.21 million | 2014 |
| Highest | US$3.4 billion | 2023 |
| Lowest | −US$1.19 billion | 2018 |
| Average since 2015 | US$1.01 billion | 2015–2024 |
| First recorded | −US$42.01 million | 1970 |
Over five years it is up 714.55% from US$340.68 million in 2019 (52.12% a year on average, compounded). Since 1970 it is up 6,705% from −US$42.01 million in 1970. The World Bank has no value for 7 of the years in between; the chart leaves those gaps open rather than joining across them.
In 2024, Serbia's PPG, private creditors (NFL, current US$) fell US$623.43 million on 2023 (from US$3.4 billion to US$2.78 billion).
Across the 30 yearly changes before that (1985 to 2023), the average change was +US$93.07 million and a typical year strayed about US$1.07 billion from that (the standard deviation). This year's change was 0.7 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$2.92 billion in 2023 and the biggest yearly fall was US$2.33 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$447.09 million a year. A straight line explains 57% 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.
In 2024, Serbia had the 14th highest value of the 95 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$2.78 billion | 2024 |
| Upper middle income | US$64.14 billion | 2024 |
Public and publicly guaranteed debt from private creditors include bonds that are either publicly issued or privately placed; commercial bank loans from private banks and other private financial institutions; and other private credits from manufacturers, exporters, and other suppliers of goods, and bank credits covered by a guarantee of an export credit agency. Net flows (or net lending or net disbursements) received by the borrower during the year are disbursements minus principal repayments. Data are in current U.S. dollars.
Regional and income-group figures are computed by the World Bank as a sum.
| Year | PPG, private creditors (NFL, current US$) |
|---|---|
| 2024 | 2,775,029,000 |
| 2023 | 3,398,456,000 |
| 2022 | 481,411,000 |
| 2021 | 2,632,126,000 |
| 2020 | 3,135,382,000 |
| 2019 | 340,683,000 |
| 2018 | -1,190,048,000 |
| 2017 | -1,176,671,000 |
| 2016 | -214,927,000 |
| 2015 | -105,438,000 |
| 2014 | -219,211,000 |
| 2013 | 2,115,120,000 |
| 2012 | 1,695,821,000 |
| 2011 | 1,271,104,000 |
| 2010 | 146,749,000 |
| 2009 | 134,746,000 |
| 2008 | 1,309,000 |
| 2007 | 33,788,000 |
| 2006 | 50,002,000 |
| 2005 | -222,000 |
| 2004 | 0 |
| 2003 | 0 |
| 2002 | no data |
| 2001 | 0 |
| 2000 | 35,000,000 |
| 1999 | 0 |
| 1998 | 0 |
| 1997 | no data |
| 1996 | no data |
| 1995 | no data |
| 1994 | no data |
| 1993 | no data |
| 1992 | no data |
| 1991 | -506,802,000 |
| 1990 | -909,172,000 |
| 1989 | -583,694,000 |
| 1988 | 146,753,000 |
| 1987 | -422,342,000 |
| 1986 | -784,682,000 |
| 1985 | 43,562,000 |
| 1984 | 99,420,000 |
| 1983 | 636,831,000 |
| 1982 | 235,584,000 |
| 1981 | 291,919,000 |
| 1980 | 625,317,000 |
| 1979 | -33,182,000 |
| 1978 | -23,735,000 |
| 1977 | -39,666,000 |
| 1976 | 9,329,000 |
| 1975 | -35,192,000 |
| 1974 | -75,252,000 |
| 1973 | 7,523,000 |
| 1972 | 107,152,000 |
| 1971 | -6,638,000 |
| 1970 | -42,012,000 |
Every indicator for Serbia is on the Serbia data page.
World Bank, World Development Indicators, indicator DT.NFL.PRVT.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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