Business enterprise R&D expenditure in high-tech sectors by NACE Rev. in Serbia

Serbia: Business enterprise R&D expenditure in high-tech sectors by NACE Rev. was 356.12 Million euro in 2024. ◆ Volatile

Latest (2024)
356.12 Million euro
Change on year
up 24.0%
World rank
43rd
of 52 countries
All-time high
356.12 Million euro
in 2024
All-time low
22.72 Million euro
in 2011
Years of data
16
2009–2024

Business enterprise R&D expenditure in high-tech sectors by NACE Rev. in Serbia, 2009–2024

01002003004002009201620242009: 38 Million euro2010: 25.8 Million euro2011: 22.7 Million euro2012: 71.7 Million euro2013: 33 Million euro2014: 76.1 Million euro2015: 92 Million euro2016: 115.7 Million euro2017: 125.5 Million euro2018: 154.1 Million euro2019: 161.3 Million euro2020: 165.3 Million euro2021: 239.4 Million euro2022: 255.3 Million euro2023: 287.2 Million euro2024: 356.1 Million euro

Source: Eurostat. Measured in Million euro.

Analysis

The most recent figure for business enterprise r&d expenditure in high-tech sectors by nace rev. in Serbia is 356.12 Million euro, measured in 2024. That is the highest value across all 16 years on record.

That represents a change of up 24.0% on the previous year and up 368.2% over ten years.

Over the whole period, business enterprise r&d expenditure in high-tech sectors by nace rev. in Serbia peaked at 356.12 Million euro in 2024 and was at its lowest, 22.72 Million euro, in 2011.

Serbia ranks 43rd of 52 countries on this measure, in the bottom quarter.

The series is highly variable year to year, so single readings are best treated with caution.

Business enterprise R&D expenditure in high-tech sectors by NACE Rev. in Serbia, year by year

Annual values for Business enterprise R&D expenditure in high-tech sectors by NACE Rev. 2 in Serbia, 2009 to 2024.
Year Million euro Change
2009 38.02 Million euro
2010 25.77 Million euro -32.2%
2011 22.72 Million euro -11.8%
2012 71.73 Million euro +215.7%
2013 33.04 Million euro -53.9%
2014 76.05 Million euro +130.2%
2015 91.97 Million euro +20.9%
2016 115.66 Million euro +25.8%
2017 125.53 Million euro +8.5%
2018 154.13 Million euro +22.8%
2019 161.25 Million euro +4.6%
2020 165.34 Million euro +2.5%
2021 239.41 Million euro +44.8%
2022 255.3 Million euro +6.6%
2023 287.18 Million euro +12.5%
2024 356.12 Million euro +24.0%

Averages by decade

DecadeAverage LowestHighest Years
2000s 38.02 Million euro 38.02 Million euro 38.02 Million euro 1
2010s 87.79 Million euro 22.72 Million euro 161.25 Million euro 10
2020s 260.67 Million euro 165.34 Million euro 356.12 Million euro 5

Countries ranked near Serbia

  1. 40 Estonia 472.23 Million euro compare
  2. 40 Estonia 472.23 Million euro compare
  3. 42 Luxembourg 386.33 Million euro compare
  4. 44 Lithuania 335.92 Million euro compare
  5. 44 Lithuania 335.92 Million euro compare
  6. 46 Latvia 136 Million euro compare
  7. 46 Latvia 136 Million euro compare

See the full ranking of 56 places →

More economy & growth data for Serbia

All data for Serbia →

Frequently asked questions

What is business enterprise r&d expenditure in high-tech sectors by nace rev. in Serbia?
Business enterprise r&d expenditure in high-tech sectors by nace rev. in Serbia was 356.12 Million euro in 2024, according to Eurostat.
What is the highest business enterprise r&d expenditure in high-tech sectors by nace rev. recorded in Serbia?
The highest recorded value was 356.12 Million euro in 2024.
What is the lowest business enterprise r&d expenditure in high-tech sectors by nace rev. recorded in Serbia?
The lowest recorded value was 22.72 Million euro in 2011.
How does Serbia rank for business enterprise r&d expenditure in high-tech sectors by nace rev.?
Serbia ranks 43rd out of 52 countries with data for 2024.
Is business enterprise r&d expenditure in high-tech sectors by nace rev. rising or falling in Serbia?
Over the last ten years it is up 368.2%. The long-run trend across the full record is volatile.
Where does this Serbia data come from?
The figures come from Eurostat, published as part of Business enterprise R&D expenditure in high-tech sectors by NACE Rev. 2. Statizoid updates them automatically from the source API.

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Business enterprise R&D expenditure in high-tech sectors by NACE Rev. in Serbia. Statizoid, drawing on Eurostat. Retrieved 11 September 2026, from https://economy.statizoid.com/stat/business-enterprise-r-and-d-expenditure-in-high-tech-sectors-by-nace-rev-2/serbia/

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About this data

Indicator
Business enterprise R&D expenditure in high-tech sectors by NACE Rev. 2
Unit
Million euro
Source
Eurostat
Licence
CC BY 4.0 (Eurostat)
Coverage
56 places, 1,040 data points, 2005–2024
Last refreshed