Manufacturing, value added in Serbia
Serbia: Manufacturing, value added was 12.7% in 2024. ▼ Falling
Manufacturing, value added in Serbia, 1995–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in % of GDP.
Analysis
Serbia recorded 12.7% for manufacturing, value added in 2024. That is the lowest value across all 30 years on record.
Compared with earlier readings it is down 4.5% on the previous year and down 30.4% over ten years.
Over the whole period, manufacturing, value added in Serbia peaked at 28.1% in 2000 and was at its lowest, 12.7%, in 2024.
That places Serbia 71st out of 205 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently falling across the 30 years of available data.
Manufacturing, value added in Serbia, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1995 | 25.0% | — |
| 1996 | 22.7% | -9.5% |
| 1997 | 21.8% | -3.8% |
| 1998 | 22.1% | +1.3% |
| 1999 | 22.2% | +0.4% |
| 2000 | 28.1% | +26.7% |
| 2001 | 25.8% | -8.3% |
| 2002 | 23.5% | -8.7% |
| 2003 | 21.0% | -11.0% |
| 2004 | 21.8% | +3.8% |
| 2005 | 21.0% | -3.3% |
| 2006 | 20.7% | -1.4% |
| 2007 | 19.8% | -4.6% |
| 2008 | 19.0% | -4.0% |
| 2009 | 16.2% | -14.5% |
| 2010 | 16.9% | +4.0% |
| 2011 | 17.0% | +0.3% |
| 2012 | 17.4% | +2.6% |
| 2013 | 19.2% | +10.3% |
| 2014 | 18.2% | -5.0% |
| 2015 | 17.8% | -2.3% |
| 2016 | 17.8% | -0.3% |
| 2017 | 17.7% | -0.3% |
| 2018 | 16.9% | -4.5% |
| 2019 | 15.7% | -7.2% |
| 2020 | 14.8% | -5.4% |
| 2021 | 14.5% | -2.5% |
| 2022 | 14.8% | +2.5% |
| 2023 | 13.3% | -10.4% |
| 2024 | 12.7% | -4.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 22.8% | 21.8% | 25.0% | 5 |
| 2000s | 21.7% | 16.2% | 28.1% | 10 |
| 2010s | 17.5% | 15.7% | 19.2% | 10 |
| 2020s | 14.0% | 12.7% | 14.8% | 5 |
Countries ranked near Serbia
- 68 Congo 12.9% compare
- 69 Guinea 12.7% compare
- 70 Kazakhstan 12.7% compare
- 72 El Salvador 12.7% compare
- 73 Nicaragua 12.6% compare
- 74 Kosovo 12.5% compare
- 74 Kosovo (UNSCR 1244) 12.5% 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)
- Manufacturing, value added (current US$), per unit of GDP 0.1269 current US$ per US$ of GDP (2024)
- Manufacturing, value added (current US$), per capita 1,735 current US$ per person (2024)
- Manufacturing, value added (current LCU), per unit of GDP 13.73 current LCU per US$ of GDP (2024)
- Manufacturing, value added (current LCU), per capita 187,769 current LCU per person (2024)
- Manufacturing, value added (constant 2015 US$), per unit of GDP 0.0936 constant 2015 US$ per US$ of GDP (2024)
- Manufacturing, value added (constant 2015 US$), per capita 1,281 constant 2015 US$ per person (2024)
- Manufacturing, value added (constant LCU), per capita 154,142 constant LCU per person (2024)
- Industry (including construction), value added (current US$), annual 7.31 % change on previous year (2025)
Frequently asked questions
- What is manufacturing, value added in Serbia?
- Manufacturing, value added in Serbia was 12.7% 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 28.1% in 2000.
- What is the lowest manufacturing, value added recorded in Serbia?
- The lowest recorded value was 12.7% in 2024.
- How does Serbia rank for manufacturing, value added?
- Serbia ranks 71st out of 205 countries with data for 2024.
- Is manufacturing, value added rising or falling in Serbia?
- Over the last ten years it is down 30.4%. The long-run trend across the full record is falling.
- 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 (% of GDP). 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 as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.