Gross National Income — Value Standard Local Currency, annual growth in Serbia

Serbia: Gross National Income — Value Standard Local Currency, annual growth was 14.83 % change on previous year in 2023. ◆ Volatile

Latest (2023)
14.83 % change on previous year
Change on year
up 24.6%
World rank
48th
of 231 countries
All-time high
99.78 % change on previous year
in 2001
All-time low
1.07 % change on previous year
in 2014
Years of data
30
1994–2023

Gross National Income — Value Standard Local Currency, annual growth in Serbia, 1994–2023

0204060801001994200820231994: 5.7 % change on previous year1995: 83.4 % change on previous year1996: 96.6 % change on previous year1997: 29.6 % change on previous year1998: 28.1 % change on previous year1999: 15.5 % change on previous year2000: 93.2 % change on previous year2001: 99.8 % change on previous year2002: 26.5 % change on previous year2003: 17.2 % change on previous year2004: 17.6 % change on previous year2005: 19.3 % change on previous year2006: 17.3 % change on previous year2007: 15.5 % change on previous year2008: 15.7 % change on previous year2009: 6.3 % change on previous year2010: 5.8 % change on previous year2011: 9.2 % change on previous year2012: 6.1 % change on previous year2013: 7.5 % change on previous year2014: 1.1 % change on previous year2015: 2.8 % change on previous year2016: 4 % change on previous year2017: 4.1 % change on previous year2018: 8.1 % change on previous year2019: 6.5 % change on previous year2020: 4 % change on previous year2021: 13 % change on previous year2022: 11.9 % change on previous year2023: 14.8 % change on previous year

Source: Statizoid (derived). Measured in % change on previous year.

Analysis

Serbia recorded 14.83 % change on previous year for gross national income — value standard local currency, annual growth in 2023.

That represents a change of up 24.6% on the previous year and up 98.4% over ten years.

Over the whole period, gross national income — value standard local currency, annual growth in Serbia peaked at 99.78 % change on previous year in 2001 and was at its lowest, 1.07 % change on previous year, in 2014.

Serbia ranks 48th of 231 countries on this measure, in the top quarter.

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

Gross National Income — Value Standard Local Currency, annual growth in Serbia, year by year

Annual values for Gross National Income — Value Standard Local Currency, annual growth rate in Serbia, 1994 to 2023.
Year % change on previous year Change
1994 5.67 % change on previous year
1995 83.42 % change on previous year +1370.5%
1996 96.62 % change on previous year +15.8%
1997 29.57 % change on previous year -69.4%
1998 28.08 % change on previous year -5.0%
1999 15.49 % change on previous year -44.8%
2000 93.23 % change on previous year +501.8%
2001 99.78 % change on previous year +7.0%
2002 26.46 % change on previous year -73.5%
2003 17.17 % change on previous year -35.1%
2004 17.63 % change on previous year +2.6%
2005 19.33 % change on previous year +9.7%
2006 17.31 % change on previous year -10.4%
2007 15.51 % change on previous year -10.4%
2008 15.68 % change on previous year +1.1%
2009 6.32 % change on previous year -59.7%
2010 5.79 % change on previous year -8.3%
2011 9.18 % change on previous year +58.5%
2012 6.07 % change on previous year -33.9%
2013 7.48 % change on previous year +23.3%
2014 1.07 % change on previous year -85.7%
2015 2.81 % change on previous year +163.1%
2016 3.99 % change on previous year +42.1%
2017 4.08 % change on previous year +2.2%
2018 8.12 % change on previous year +99.1%
2019 6.54 % change on previous year -19.4%
2020 4.02 % change on previous year -38.4%
2021 12.99 % change on previous year +222.8%
2022 11.91 % change on previous year -8.3%
2023 14.83 % change on previous year +24.6%

Biggest year-on-year movements

Years where Gross National Income — Value Standard Local Currency, annual growth in Serbia changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.

YearChange FromTo
1995 +1370.5% 5.67 % change on previous year 83.42 % change on previous year
2000 +501.8% 15.49 % change on previous year 93.23 % change on previous year

Averages by decade

DecadeAverage LowestHighest Years
1990s 43.14 % change on previous year 5.67 % change on previous year 96.62 % change on previous year 6
2000s 32.84 % change on previous year 6.32 % change on previous year 99.78 % change on previous year 10
2010s 5.51 % change on previous year 1.07 % change on previous year 9.18 % change on previous year 10
2020s 10.94 % change on previous year 4.02 % change on previous year 14.83 % change on previous year 4

Countries ranked near Serbia

  1. 45 Cayman Islands 15.21 % change on previous year compare
  2. 46 Croatia 15.11 % change on previous year compare
  3. 47 Guinea 15.07 % change on previous year compare
  4. 49 Kiribati 14.23 % change on previous year compare
  5. 50 Burundi 14.16 % change on previous year compare
  6. 51 Sri Lanka 14.09 % change on previous year compare

See the full ranking of 232 places →

More economy & growth data for Serbia

All data for Serbia →

Frequently asked questions

What is gross national income — value standard local currency, annual growth in Serbia?
Gross national income — value standard local currency, annual growth in Serbia was 14.83 % change on previous year in 2023, according to Statizoid (derived).
What is the highest gross national income — value standard local currency, annual growth recorded in Serbia?
The highest recorded value was 99.78 % change on previous year in 2001.
What is the lowest gross national income — value standard local currency, annual growth recorded in Serbia?
The lowest recorded value was 1.07 % change on previous year in 2014.
How does Serbia rank for gross national income — value standard local currency, annual growth?
Serbia ranks 48th out of 231 countries with data for 2023.
Is gross national income — value standard local currency, annual growth rising or falling in Serbia?
Over the last ten years it is up 98.4%. The long-run trend across the full record is volatile.
Where does this Serbia data come from?
The figures come from Statizoid (derived), published as part of Gross National Income — Value Standard Local Currency, annual growth rate. Statizoid updates them automatically from the source API.

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Gross National Income — Value Standard Local Currency, annual growth in Serbia. Statizoid, drawing on Statizoid (derived). Retrieved 22 September 2026, from https://economy.statizoid.com/stat/gross-national-income-value-standard-local-currency-annual-growth-rate/serbia/

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How this figure is calculated

The year-on-year percentage change in Gross National Income — Value Standard Local Currency. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.

Computed from

Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.

About this data

Indicator
Gross National Income — Value Standard Local Currency, annual growth rate
Unit
% change on previous year
Source
Statizoid (derived)
Licence
Derived by Statizoid from the sources named on the page
Coverage
232 places, 11,164 data points, 1971–2023
Last refreshed

The year-on-year percentage change in Gross National Income — Value Standard Local Currency. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.