Manufacturing, value added (constant LCU) in Serbia
Serbia: Manufacturing, value added (constant LCU) was 1.02 trillion constant LCU in 2024. ▲ Rising
Manufacturing, value added in Serbia, 1995–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in constant LCU.
Analysis
In 2024, manufacturing, value added in Serbia stood at 1.02 trillion constant LCU. That is the highest value across all 30 years on record.
That represents a change of up 4.6% on the previous year and up 17.3% over ten years.
Over the whole period, manufacturing, value added in Serbia peaked at 1.02 trillion constant LCU in 2024 and was at its lowest, 472.69 billion constant LCU, in 1995.
Serbia ranks 45th of 192 countries on this measure, in the top quarter.
The long-run direction has been consistently rising across the 30 years of available data.
Manufacturing, value added (constant LCU) in Serbia, year by year
| Year | constant LCU | Change |
|---|---|---|
| 1995 | 472.69 billion constant LCU | — |
| 1996 | 524.22 billion constant LCU | +10.9% |
| 1997 | 584.00 billion constant LCU | +11.4% |
| 1998 | 627.41 billion constant LCU | +7.4% |
| 1999 | 524.25 billion constant LCU | -16.4% |
| 2000 | 609.55 billion constant LCU | +16.3% |
| 2001 | 635.50 billion constant LCU | +4.3% |
| 2002 | 691.39 billion constant LCU | +8.8% |
| 2003 | 700.25 billion constant LCU | +1.3% |
| 2004 | 756.51 billion constant LCU | +8.0% |
| 2005 | 788.85 billion constant LCU | +4.3% |
| 2006 | 809.29 billion constant LCU | +2.6% |
| 2007 | 851.05 billion constant LCU | +5.2% |
| 2008 | 866.47 billion constant LCU | +1.8% |
| 2009 | 746.74 billion constant LCU | -13.8% |
| 2010 | 760.49 billion constant LCU | +1.8% |
| 2011 | 775.21 billion constant LCU | +1.9% |
| 2012 | 783.88 billion constant LCU | +1.1% |
| 2013 | 903.85 billion constant LCU | +15.3% |
| 2014 | 865.30 billion constant LCU | -4.3% |
| 2015 | 885.01 billion constant LCU | +2.3% |
| 2016 | 901.17 billion constant LCU | +1.8% |
| 2017 | 924.17 billion constant LCU | +2.6% |
| 2018 | 937.40 billion constant LCU | +1.4% |
| 2019 | 929.09 billion constant LCU | -0.9% |
| 2020 | 910.64 billion constant LCU | -2.0% |
| 2021 | 951.83 billion constant LCU | +4.5% |
| 2022 | 962.04 billion constant LCU | +1.1% |
| 2023 | 970.68 billion constant LCU | +0.9% |
| 2024 | 1.02 trillion constant LCU | +4.6% |
Serbia compared with similar countries
- Serbia's 1.02 trillion constant LCU is above the median for upper middle income countries, which is 66.16 billion constant LCU, 15.3× the median. (56 countries reporting)
- Serbia's 1.02 trillion constant LCU is above the median for Europe & Central Asia, which is 69.84 billion constant LCU, 14.5× the median. (51 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 546.52 billion constant LCU | 472.69 billion constant LCU | 627.41 billion constant LCU | 5 |
| 2000s | 745.56 billion constant LCU | 609.55 billion constant LCU | 866.47 billion constant LCU | 10 |
| 2010s | 866.56 billion constant LCU | 760.49 billion constant LCU | 937.40 billion constant LCU | 10 |
| 2020s | 962.09 billion constant LCU | 910.64 billion constant LCU | 1.02 trillion constant LCU | 5 |
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)
- SDRs holdings, US dollar, annual growth rate 5.62 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0001 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 2.19 units per person (2025)
- SDRs holdings, SDR, annual growth rate 0.5822 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0001 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 1.6 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 5.01 % change on previous year (2025)
- IMF holdings of currency, US dollar, per unit of GDP 0.0213 units per US$ of GDP (2025)
Frequently asked questions
- What is manufacturing, value added in Serbia?
- Manufacturing, value added in Serbia was 1.02 trillion constant LCU in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest manufacturing, value added recorded in Serbia?
- The highest recorded value was 1.02 trillion constant LCU in 2024.
- What is the lowest manufacturing, value added recorded in Serbia?
- The lowest recorded value was 472.69 billion constant LCU in 1995.
- How does Serbia rank for manufacturing, value added?
- Serbia ranks 45th out of 192 countries with data for 2024.
- Is manufacturing, value added rising or falling in Serbia?
- Over the last ten years it is up 17.3%. The long-run trend across the full record is rising.
- Where does this Serbia data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Manufacturing, value added (constant LCU). Statizoid updates them automatically from the source API.
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About this data
Manufacturing includes industries classified in ISIC (Rev. 3) major division C and is defined as the physical or chemical transformation of materials or components into new products. 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 in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.