Serbia: Services, value added per worker (constant 2015 US$)

Key figures

What the numbers say

In 2025, Serbia's services, value added per worker (constant 2015 US$) rose US$392.1 on 2024 (from US$18,819 to US$19,211).

Across the 29 yearly changes before that (1996 to 2024), the average change was +US$317.54 and a typical year strayed about US$780 from that (the standard deviation). This year's change was 0.1 standard deviations above 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$1,724 in 2005 and the biggest yearly fall was US$1,787 in 2013. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2016 to 2025 the straight-line trend is upward, about US$403.11 a year. A straight line explains 98% 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 2025, Serbia had the 65th highest value of the 150 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 2025 ranking

• Botswana — 61st of 150: US$19,921
• Russian Federation — 62nd of 150: US$19,355
• Iran, Islamic Rep. — 63rd of 150: US$19,317
• Gabon — 65th of 150: US$19,060
• Libya — 66th of 150: US$18,738
• Guyana — 67th of 150: US$18,725

What this measures

Services industries correspond to ISIC (Rev. 4) divisions 45-99 and includes wholesale and retail trade, repair of motor vehicles, hotels and restaurants, transport, storage and communication, financial intermediation, real estate, renting and business activities, public administration and defence, compulsory social security, education, health and social work, other community, social and personal service activities, private households with employed persons, and extra-territorial organizations and bodies. 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. The core indicator has been divided by the number of workers in the economy to derive a measure of labor productivity. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2015. This indicator is expressed in United States dollars.

Limitations: For comparability of individual sectors labor productivity is estimated according to national accounts conventions. However, there are still significant limitations on the availability of reliable data. Information on consistent series of output is not easily available, especially in low- and middle-income countries, because the definition, coverage, and methodology are not always consistent across countries. For more details, see Agriculture, forestry, and fishing, value added (constant 2015 US$) [NV.AGR.TOTL.KD], Industry (including construction), value added (constant 2015 US$) [NV.IND.TOTL.KD], and Services, value added (constant 2015 US$) [NV.SRV.TOTL.KD].

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

All 31 values

Services, value added per worker (constant 2015 US$) in nearby economies

• Albania — US$15,045 (2025)
• Armenia — US$15,766 (2025)
• Austria — US$83,163 (2025)
• Azerbaijan — US$12,539 (2025)
• Belarus — US$10,802 (2025)
• Belgium — US$94,071 (2025)
• Bosnia and Herzegovina — US$20,015 (2025)
• Bulgaria — US$21,830 (2025)
• Croatia — US$36,811 (2025)
• Cyprus

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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• Real change or random noise? A plain guide to reading your numbers — 2 min read

Questions people ask

What is Serbia's services, value added per worker (constant 2015 US$)?

US$19,211 in 2025, according to the World Bank (World Development Indicators).

How has it changed since 1995?

It is up 99.9% from US$9,611 in 1995 (2.34% a year on average, compounded). The highest value was US$19,596 in 2012 and the lowest US$9,611 in 1995.

How does Serbia rank?

65th highest of 150 economies with data for 2025.

Is the latest change in services, value added per worker (constant 2015 US$) unusual for Serbia?

In 2025, Serbia's services, value added per worker (constant 2015 US$) rose US$392.1 on 2024 (from US$18,819 to US$19,211). Across the 29 yearly changes before that (1996 to 2024), the average change was +US$317.54 and a typical year strayed about US$780 from that (the standard deviation). This year's change was 0.1 standard deviations above 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 NV.SRV.EMPL.KD, licensed CC BY 4.0. Original source: World Development Indicators database, World Bank (WB); ILOSTAT database, International Labour Organization (ILO) 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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