Gross domestic product (GDP) in Serbia
Serbia: Gross domestic product (GDP) was 148.60 billion international-$ in 2021 prices in 2023. ▲ Rising
Latest (2023)
148.60 billion international-$ in 2021 prices
Change on year
up 3.8%
World rank
83rd
of 184 countries
All-time high
148.60 billion international-$ in 2021 prices
in 2023
All-time low
59.92 billion international-$ in 2021 prices
in 1993
Years of data
34
1990–2023
Gross domestic product (GDP) in Serbia, 1990–2023
Source: Feenstra et al. – Penn World Table (2025) – with major processing by Our World in Data. Measured in international-$ in 2021 prices.
Analysis
The most recent figure for gross domestic product (gdp) in Serbia is 148.60 billion international-$ in 2021 prices, measured in 2023. That is the highest value across all 34 years on record.
Compared with earlier readings it is up 3.8% on the previous year and up 22.1% over ten years.
Over the whole period, gross domestic product (gdp) in Serbia peaked at 148.60 billion international-$ in 2021 prices in 2023 and was at its lowest, 59.92 billion international-$ in 2021 prices, in 1993.
That places Serbia 83rd out of 184 countries with data for 2023, putting it in the middle of the range.
The long-run direction has been consistently rising across the 34 years of available data.
Gross domestic product (GDP) in Serbia, year by year
| Year | international-$ in 2021 prices | Change |
|---|---|---|
| 1990 | 136.88 billion international-$ in 2021 prices | — |
| 1991 | 120.97 billion international-$ in 2021 prices | -11.6% |
| 1992 | 86.83 billion international-$ in 2021 prices | -28.2% |
| 1993 | 59.92 billion international-$ in 2021 prices | -31.0% |
| 1994 | 61.42 billion international-$ in 2021 prices | +2.5% |
| 1995 | 64.98 billion international-$ in 2021 prices | +5.8% |
| 1996 | 64.49 billion international-$ in 2021 prices | -0.8% |
| 1997 | 69.70 billion international-$ in 2021 prices | +8.1% |
| 1998 | 74.46 billion international-$ in 2021 prices | +6.8% |
| 1999 | 68.96 billion international-$ in 2021 prices | -7.4% |
| 2000 | 73.96 billion international-$ in 2021 prices | +7.3% |
| 2001 | 72.27 billion international-$ in 2021 prices | -2.3% |
| 2002 | 78.58 billion international-$ in 2021 prices | +8.7% |
| 2003 | 82.40 billion international-$ in 2021 prices | +4.9% |
| 2004 | 86.79 billion international-$ in 2021 prices | +5.3% |
| 2005 | 96.35 billion international-$ in 2021 prices | +11.0% |
| 2006 | 102.79 billion international-$ in 2021 prices | +6.7% |
| 2007 | 105.35 billion international-$ in 2021 prices | +2.5% |
| 2008 | 114.91 billion international-$ in 2021 prices | +9.1% |
| 2009 | 113.94 billion international-$ in 2021 prices | -0.8% |
| 2010 | 114.29 billion international-$ in 2021 prices | +0.3% |
| 2011 | 125.58 billion international-$ in 2021 prices | +9.9% |
| 2012 | 126.27 billion international-$ in 2021 prices | +0.5% |
| 2013 | 121.69 billion international-$ in 2021 prices | -3.6% |
| 2014 | 118.73 billion international-$ in 2021 prices | -2.4% |
| 2015 | 120.52 billion international-$ in 2021 prices | +1.5% |
| 2016 | 123.08 billion international-$ in 2021 prices | +2.1% |
| 2017 | 125.52 billion international-$ in 2021 prices | +2.0% |
| 2018 | 127.19 billion international-$ in 2021 prices | +1.3% |
| 2019 | 138.65 billion international-$ in 2021 prices | +9.0% |
| 2020 | 133.58 billion international-$ in 2021 prices | -3.7% |
| 2021 | 141.68 billion international-$ in 2021 prices | +6.1% |
| 2022 | 143.11 billion international-$ in 2021 prices | +1.0% |
| 2023 | 148.60 billion international-$ in 2021 prices | +3.8% |
Serbia compared with similar countries
- Serbia's 148.60 billion international-$ in 2021 prices is above the median for upper middle income countries, which is 148.60 billion international-$ in 2021 prices, 1.0× the median. (51 countries reporting)
- Serbia's 148.60 billion international-$ in 2021 prices is below the median for Europe & Central Asia, which is 314.74 billion international-$ in 2021 prices, 47% of the median. (48 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 80.86 billion international-$ in 2021 prices | 59.92 billion international-$ in 2021 prices | 136.88 billion international-$ in 2021 prices | 10 |
| 2000s | 92.73 billion international-$ in 2021 prices | 72.27 billion international-$ in 2021 prices | 114.91 billion international-$ in 2021 prices | 10 |
| 2010s | 124.15 billion international-$ in 2021 prices | 114.29 billion international-$ in 2021 prices | 138.65 billion international-$ in 2021 prices | 10 |
| 2020s | 141.74 billion international-$ in 2021 prices | 133.58 billion international-$ in 2021 prices | 148.60 billion international-$ in 2021 prices | 4 |
Countries ranked near Serbia
- 80 Syria 168.13 billion international-$ in 2021 prices compare
- 81 Panama 164.68 billion international-$ in 2021 prices compare
- 82 Nepal 150.85 billion international-$ in 2021 prices compare
- 84 Tunisia 147.77 billion international-$ in 2021 prices compare
- 85 Uganda 146.24 billion international-$ in 2021 prices compare
- 86 Croatia 142.37 billion international-$ in 2021 prices compare
More economy & growth data for Serbia
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 4.7 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 4 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps 1.33 billion BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0133 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 203.25 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 3.94 billion BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual -29.57 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0394 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 600.86 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 12.03 % change on previous year (2025)
Frequently asked questions
- What is gross domestic product (gdp) in Serbia?
- Gross domestic product (gdp) in Serbia was 148.60 billion international-$ in 2021 prices in 2023, according to Feenstra et al. – Penn World Table (2025) – with major processing by Our World in Data.
- What is the highest gross domestic product (gdp) recorded in Serbia?
- The highest recorded value was 148.60 billion international-$ in 2021 prices in 2023.
- What is the lowest gross domestic product (gdp) recorded in Serbia?
- The lowest recorded value was 59.92 billion international-$ in 2021 prices in 1993.
- How does Serbia rank for gross domestic product (gdp)?
- Serbia ranks 83rd out of 184 countries with data for 2023.
- Is gross domestic product (gdp) rising or falling in Serbia?
- Over the last ten years it is up 22.1%. The long-run trend across the full record is rising.
- Where does this Serbia data come from?
- The figures come from Feenstra et al. – Penn World Table (2025) – with major processing by Our World in Data, published as part of Gross domestic product (GDP). Statizoid updates them automatically from the source API.
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About this data
Total economic output of a country or region per year. This data is adjusted for inflation and differences in living costs between countries.