Inflation, GDP deflator in Serbia
Serbia: Inflation, GDP deflator was 4.5% in 2025. ◆ Volatile
Inflation, GDP deflator in Serbia, 1996–2025
Source: Country official statistics, National Statistical Offices (NSOs). Measured in annual %.
Analysis
The most recent figure for inflation, gdp deflator in Serbia is 4.5%, measured in 2025.
Compared with earlier readings it is down 29.3% on the previous year and up 107.0% over ten years.
Over the whole period, inflation, gdp deflator in Serbia peaked at 85.6% in 1996 and was at its lowest, 1.5%, in 2016.
That places Serbia 75th out of 212 countries with data for 2025, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Inflation, GDP deflator in Serbia, year by year
| Year | annual % | Change |
|---|---|---|
| 1996 | 85.6% | — |
| 1997 | 17.9% | -79.1% |
| 1998 | 24.6% | +37.3% |
| 1999 | 28.9% | +17.4% |
| 2000 | 79.2% | +174.4% |
| 2001 | 84.2% | +6.2% |
| 2002 | 19.1% | -77.3% |
| 2003 | 12.5% | -34.4% |
| 2004 | 8.1% | -35.1% |
| 2005 | 13.9% | +70.8% |
| 2006 | 13.8% | -0.3% |
| 2007 | 8.8% | -36.2% |
| 2008 | 9.5% | +7.5% |
| 2009 | 8.4% | -11.2% |
| 2010 | 5.0% | -41.3% |
| 2011 | 11.0% | +122.3% |
| 2012 | 6.0% | -45.1% |
| 2013 | 7.8% | +29.1% |
| 2014 | 2.9% | -62.7% |
| 2015 | 2.2% | -25.4% |
| 2016 | 1.5% | -28.8% |
| 2017 | 3.0% | +94.2% |
| 2018 | 2.0% | -33.3% |
| 2019 | 2.3% | +17.4% |
| 2020 | 2.6% | +12.8% |
| 2021 | 5.7% | +114.5% |
| 2022 | 10.5% | +84.0% |
| 2023 | 13.9% | +33.2% |
| 2024 | 6.3% | -54.4% |
| 2025 | 4.5% | -29.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 39.2% | 17.9% | 85.6% | 4 |
| 2000s | 25.8% | 8.1% | 84.2% | 10 |
| 2010s | 4.4% | 1.5% | 11.0% | 10 |
| 2020s | 7.3% | 2.6% | 13.9% | 6 |
Countries ranked near Serbia
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)
- Gross value added at basic prices (GVA) (current US$), annual growth 11.35 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current US$), per unit of GDP 0.8533 current US$ per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current US$), per capita 13,023 current US$ per person (2025)
- Gross value added at basic prices (GVA) (current LCU), annual growth 6.99 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 88.72 current LCU per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current LCU), per capita 1.35 million current LCU per person (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), annual 1.77 % change on previous year (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), per unit 0.4917 constant 2015 US$ per US$ of GDP (2025)
Frequently asked questions
- What is inflation, gdp deflator in Serbia?
- Inflation, gdp deflator in Serbia was 4.5% in 2025, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest inflation, gdp deflator recorded in Serbia?
- The highest recorded value was 85.6% in 1996.
- What is the lowest inflation, gdp deflator recorded in Serbia?
- The lowest recorded value was 1.5% in 2016.
- How does Serbia rank for inflation, gdp deflator?
- Serbia ranks 75th out of 212 countries with data for 2025.
- Is inflation, gdp deflator rising or falling in Serbia?
- Over the last ten years it is up 107.0%. The long-run trend across the full record is volatile.
- Where does this Serbia data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Inflation, GDP deflator (annual %). Statizoid updates them automatically from the source API.
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About this data
Inflation as measured by the annual growth rate of the GDP implicit deflator shows the rate of price change in the economy as a whole. The GDP implicit deflator is the ratio of GDP in current local currency to GDP in constant local currency.