Machinery and transport equipment in Serbia
Serbia: Machinery and transport equipment was 18.8% in 2023. ▲ Rising
Machinery and transport equipment in Serbia, 2002–2023
Source: International Yearbook of Industrial Statistics, UN Industrial Development Organization (UNIDO). Measured in % of value added in manufacturing.
Analysis
The most recent figure for machinery and transport equipment in Serbia is 18.8%, measured in 2023.
Compared with earlier readings it is up 9.9% on the previous year and up 23.0% over ten years.
Over the whole period, machinery and transport equipment in Serbia peaked at 19.8% in 2019 and was at its lowest, 10.2%, in 2002.
Serbia ranks 44th of 149 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 22 years of available data.
Machinery and transport equipment in Serbia, year by year
| Year | % of value added in manufacturing | Change |
|---|---|---|
| 2002 | 10.2% | — |
| 2003 | 10.2% | +0.0% |
| 2004 | 10.2% | +0.0% |
| 2005 | 11.5% | +12.9% |
| 2006 | 10.8% | -6.5% |
| 2007 | 11.3% | +4.5% |
| 2008 | 12.5% | +10.7% |
| 2009 | 11.6% | -7.0% |
| 2010 | 11.4% | -1.3% |
| 2011 | 11.8% | +3.0% |
| 2012 | 11.8% | +0.2% |
| 2013 | 15.3% | +29.8% |
| 2014 | 15.9% | +3.9% |
| 2015 | 15.8% | -0.4% |
| 2016 | 15.3% | -3.5% |
| 2017 | 15.2% | -0.4% |
| 2018 | 15.0% | -1.7% |
| 2019 | 19.8% | +32.6% |
| 2020 | 18.2% | -8.2% |
| 2021 | 18.1% | -0.8% |
| 2022 | 17.2% | -5.0% |
| 2023 | 18.8% | +9.9% |
Serbia compared with similar countries
- Serbia's 18.8% is above the median for upper middle income countries, which is 6.8%, 2.8× the median. (46 countries reporting)
- Serbia's 18.8% is below the median for Europe & Central Asia, which is 18.9%, 100% of the median. (47 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 11.0% | 10.2% | 12.5% | 8 |
| 2010s | 14.7% | 11.4% | 19.8% | 10 |
| 2020s | 18.1% | 17.2% | 18.8% | 4 |
Countries ranked near Serbia
- 41 New Zealand 19.8% compare
- 42 Russian Federation 19.7% compare
- 43 Luxembourg 18.9% compare
- 45 Lithuania 18.6% compare
- 46 Brazil 18.1% compare
- 47 Portugal 17.1% 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 machinery and transport equipment in Serbia?
- Machinery and transport equipment in Serbia was 18.8% in 2023, according to International Yearbook of Industrial Statistics, UN Industrial Development Organization (UNIDO).
- What is the highest machinery and transport equipment recorded in Serbia?
- The highest recorded value was 19.8% in 2019.
- What is the lowest machinery and transport equipment recorded in Serbia?
- The lowest recorded value was 10.2% in 2002.
- How does Serbia rank for machinery and transport equipment?
- Serbia ranks 44th out of 149 countries with data for 2023.
- Is machinery and transport equipment rising or falling in Serbia?
- Over the last ten years it is up 23.0%. The long-run trend across the full record is rising.
- Where does this Serbia data come from?
- The figures come from International Yearbook of Industrial Statistics, UN Industrial Development Organization (UNIDO), published as part of Machinery and transport equipment (% of value added in manufacturing). Statizoid updates them automatically from the source API.
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About this data
Machinery and transport equipment manufacturing includes industries classified in ISIC (Rev. 3) divisions 29-35. Value added is the contribution to the economy by a producer or an industry or an institutional sector, which is estimated by the total value of output produced and deducting the total value of intermediate consumption of goods and services used to produce that output. This indicator is expressed as a percentage of value added in manufacturing which is the contribution to the economy by the manufacturing sector (ISIC Rev. 3 major division D).