Serbia: Short-term debt (% of total reserves)

Key figures

What the numbers say

In 2024, Serbia's short-term debt (% of total reserves) fell 0.23 percentage points on 2023 (from 3.52% to 3.28%).

Across the 17 yearly changes before that (2007 to 2023), the average change was −0.9 percentage points and a typical year strayed about 6.45 percentage points 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 16.3 percentage points in 2008 and the biggest yearly fall was 13.57 percentage points in 2011. 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 6% 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 82nd highest value of the 96 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

• Botswana — 79th of 96: 4.19%
• Grenada — 80th of 96: 3.7%
• Madagascar — 81st of 96: 3.65%
• Papua New Guinea — 83rd of 96: 3.27%
• Nepal — 84th of 96: 2.67%
• Belize — 85th of 96: 2.64%

What this measures

Short-term debt includes all debt having an original maturity of one year or less and interest in arrears on long-term debt. Total reserves includes gold.

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 weighted average.

All 19 values

Short-term debt (% of total reserves) in nearby economies

• Albania — 19.04% (2024)
• Armenia — 94.94% (2024)
• Azerbaijan — 1.72% (2024)
• Belarus — 111.41% (2024)
• Bosnia and Herzegovina — 32.63% (2024)
• Bulgaria — 24.37% (2022)
• Georgia — 106.38% (2024)
• Kazakhstan — 42.78% (2024)
• Kosovo — 119.37% (2024)
• Kyrgyz Republic — 31.4% (2024)
• Moldova

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 short-term debt (% of total reserves)?

3.28% in 2024, according to the World Bank (World Development Indicators).

How has it changed since 2006?

It is down 15.57 percentage points from 18.85% in 2006. The highest value was 32.12% in 2008 and the lowest 3.28% in 2024.

How does Serbia rank?

82nd highest of 96 economies with data for 2024.

Is the latest change in short-term debt (% of total reserves) unusual for Serbia?

In 2024, Serbia's short-term debt (% of total reserves) fell 0.23 percentage points on 2023 (from 3.52% to 3.28%). Across the 17 yearly changes before that (2007 to 2023), the average change was −0.9 percentage points and a typical year strayed about 6.45 percentage points 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 DT.DOD.DSTC.IR.ZS, licensed CC BY 4.0. Original source: World Development Indicators, World Bank (WB); International Monetary Fund (IMF), type: Balance of Payments Statistics Yearbook and data files; World Bank (WB), type: GDP estimates; Organisation for Economic Co-operation and Development (OECD), type: GDP estimates 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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