Manufacturing, value added in Serbia
Serbia: Manufacturing, value added was 1.24 trillion current LCU in 2024. ◆ Volatile
Manufacturing, value added in Serbia, 1995–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current LCU.
Analysis
In 2024, manufacturing, value added in Serbia stood at 1.24 trillion current LCU. That is the highest value across all 30 years on record.
Compared with earlier readings it is up 5.5% on the previous year and up 56.3% over ten years.
Over the whole period, manufacturing, value added in Serbia peaked at 1.24 trillion current LCU in 2024 and was at its lowest, 15.89 billion current LCU, in 1995.
That places Serbia 54th out of 205 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Manufacturing, value added in Serbia, year by year
| Year | current LCU | Change |
|---|---|---|
| 1995 | 15.89 billion current LCU | — |
| 1996 | 28.34 billion current LCU | +78.4% |
| 1997 | 35.02 billion current LCU | +23.6% |
| 1998 | 46.58 billion current LCU | +33.0% |
| 1999 | 54.06 billion current LCU | +16.1% |
| 2000 | 130.21 billion current LCU | +140.9% |
| 2001 | 234.75 billion current LCU | +80.3% |
| 2002 | 271.91 billion current LCU | +15.8% |
| 2003 | 284.80 billion current LCU | +4.7% |
| 2004 | 340.96 billion current LCU | +19.7% |
| 2005 | 397.78 billion current LCU | +16.7% |
| 2006 | 463.81 billion current LCU | +16.6% |
| 2007 | 519.38 billion current LCU | +12.0% |
| 2008 | 574.29 billion current LCU | +10.6% |
| 2009 | 515.63 billion current LCU | -10.2% |
| 2010 | 571.90 billion current LCU | +10.9% |
| 2011 | 637.08 billion current LCU | +11.4% |
| 2012 | 690.19 billion current LCU | +8.3% |
| 2013 | 824.25 billion current LCU | +19.4% |
| 2014 | 791.14 billion current LCU | -4.0% |
| 2015 | 800.25 billion current LCU | +1.2% |
| 2016 | 834.14 billion current LCU | +4.2% |
| 2017 | 876.68 billion current LCU | +5.1% |
| 2018 | 894.12 billion current LCU | +2.0% |
| 2019 | 889.80 billion current LCU | -0.5% |
| 2020 | 855.74 billion current LCU | -3.8% |
| 2021 | 951.83 billion current LCU | +11.2% |
| 2022 | 1.11 trillion current LCU | +16.3% |
| 2023 | 1.17 trillion current LCU | +5.9% |
| 2024 | 1.24 trillion current LCU | +5.5% |
Serbia compared with similar countries
- Serbia's 1.24 trillion current LCU is above the median for upper middle income countries, which is 124.95 billion current LCU, 9.9× the median. (59 countries reporting)
- Serbia's 1.24 trillion current LCU is above the median for Europe & Central Asia, which is 74.90 billion current LCU, 16.5× the median. (54 countries reporting)
Biggest year-on-year movements
Years where Manufacturing, value added 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.
| Year | Change | From | To |
|---|---|---|---|
| 2000 | +140.9% | 54.06 billion current LCU | 130.21 billion current LCU |
| 2001 | +80.3% | 130.21 billion current LCU | 234.75 billion current LCU |
| 1996 | +78.4% | 15.89 billion current LCU | 28.34 billion current LCU |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 35.98 billion current LCU | 15.89 billion current LCU | 54.06 billion current LCU | 5 |
| 2000s | 373.35 billion current LCU | 130.21 billion current LCU | 574.29 billion current LCU | 10 |
| 2010s | 780.95 billion current LCU | 571.90 billion current LCU | 894.12 billion current LCU | 10 |
| 2020s | 1.06 trillion current LCU | 855.74 billion current LCU | 1.24 trillion current LCU | 5 |
Countries ranked near Serbia
- 51 Mali 1.31 trillion current LCU compare
- 52 Kenya 1.25 trillion current LCU compare
- 53 Armenia 1.24 trillion current LCU compare
- 55 Burkina Faso 1.06 trillion current LCU compare
- 56 Dominican Republic 968.60 billion current LCU compare
- 57 South Africa 936.46 billion current LCU 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 manufacturing, value added in Serbia?
- Manufacturing, value added in Serbia was 1.24 trillion current 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 1.24 trillion current LCU in 2024.
- What is the lowest manufacturing, value added recorded in Serbia?
- The lowest recorded value was 15.89 billion current LCU in 1995.
- How does Serbia rank for manufacturing, value added?
- Serbia ranks 54th out of 205 countries with data for 2024.
- Is manufacturing, value added rising or falling in Serbia?
- Over the last ten years it is up 56.3%. 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 Manufacturing, value added (current LCU). Statizoid updates them automatically from the source API.
Download this data
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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 current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.