Estonia vs Serbia: Total FDI inflows — Value US$

Estonia
4,565 million USD
in 2023
Serbia
4,870 million USD
in 2023
Estonia rank
48th
Serbia rank
46th

Total FDI inflows — Value US$ over time

  • Estonia
  • Serbia
01.0k2.0k3.0k4.0k5.0k199220072023

How they compare

Serbia currently reports 4,870 million USD against 4,565 million USD in Estonia, a difference of 305 million USD.

That makes Serbia's figure about 1.1 times Estonia's.

The two have swapped places 8 times across 27 shared years of data; in 1997 it was Serbia ahead.

Estonia ranks 48th and Serbia ranks 46th of 191 countries.

Across the 4 decades both report, Estonia averaged higher in 1 and Serbia in 3.

Head to head by decade

Decade Estonia Serbia Difference Ahead
1990s 382.97 million USD 321.67 million USD 61.3 million USD Estonia
2000s 1,322 million USD 1,745 million USD 423.03 million USD Serbia
2010s 1,326 million USD 2,791 million USD 1,464 million USD Serbia
2020s 2,334 million USD 4,401 million USD 2,067 million USD Serbia

Averages of every year both report within each decade.

Frequently asked questions

Which has higher total fdi inflows — value us$, Estonia or Serbia?
Serbia, at 4,870 million USD against 4,565 million USD in Estonia as of 2023.
What is the difference in total fdi inflows — value us$ between Estonia and Serbia?
305 million USD, with Serbia ahead.
How many years of comparable data are there for Estonia and Serbia?
27 years are reported by both, from 1997 to 2023.
How do Estonia and Serbia rank globally for total fdi inflows — value us$?
Estonia ranks 48th and Serbia ranks 46th of 191 countries.
Where does this data come from?
Food and Agriculture Organization of the United Nations, published as Total FDI inflows — Value US$. Statizoid refreshes it automatically from the source and publishes the full history for both places.

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Estonia vs Serbia: Total FDI inflows — Value US$. Statizoid, drawing on Food and Agriculture Organization of the United Nations. Retrieved 24 August 2026, from https://economy.statizoid.com/compare/total-fdi-inflows-value-us/estonia/serbia/

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About this data

Indicator
Total FDI inflows — Value US$
Unit
million USD
Source
Food and Agriculture Organization of the United Nations
Licence
CC BY-NC-SA 3.0 IGO (FAO)
Coverage
239 places, 7,713 data points, 1990–2023
Last refreshed

FDI is an investment which aims to acquire a lasting management influence (10 percent or more of the voting stock) in an enterprise operating in a foreign economy. FDI may be undertaken by individuals, as well as business entities. The foreign direct investor most often is aiming to gain access to natural resources, to markets, to labour supply, to technology, to ensure security of supplies or to control the quality of a certain product. FDI can be decomposed into two types of investments: mergers and acquisitions (MA) and greenfield investments. The latter type results in the creation of new entities and the setting up of offices, buildings, plants or factories from scratch in a foreign economy. FDI is the sum of equity capital, reinvested earnings and other FDI capital. Equity capital comprises equity in branches, all shares in subsidiaries and associates (except non-participating, preferred shares that are treated as debt securities and are included under other FDI capital) and other contributions such as the provision of machinery. Reinvested earnings consist of the direct investor's share (in proportion to equity participation) of earnings not distributed by the direct investment enterprise. Other FDI capital (loans) includes the borrowing and lending of funds, including debt securities and trade credits between direct investors and direct investment enterprises. FDI inflows and outflows are important for tracking the direct investment conditions each year. Outward Foreign Direct Investment (FDI) flows record the value of cross-border direct investment transactions from the reporting economy during a year. It represents transactions affecting the investment in enterprises resident abroad. Whereas, Inward Foreign Direct Investment (FDI) flows record the value of cross-border direct investment transactions received by the reporting economy during a year. It represents transactions affecting the investment in enterprises of a specific industry resident in the reporting economy.