Share of manufacturing in gross domestic product (GDP) in Serbia
Serbia: Share of manufacturing in gross domestic product (GDP) was 12.7% in 2024. ▼ Falling
Share of manufacturing in gross domestic product (GDP) in Serbia, 1995–2024
Source: National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – processed by Our World in Data. Measured in % of GDP.
Analysis
The most recent figure for share of manufacturing in gross domestic product (gdp) in Serbia is 12.7%, measured in 2024. That is the lowest value across all 30 years on record.
The figure is down 4.5% on the previous year and down 30.4% over ten years.
Over the whole period, share of manufacturing in gross domestic product (gdp) in Serbia peaked at 28.1% in 2000 and was at its lowest, 12.7%, in 2024.
That places Serbia 71st out of 202 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.
Share of manufacturing in gross domestic product (GDP) 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% |
Serbia compared with similar countries
- Serbia's 12.7% is above the median for upper middle income countries, which is 11.5%, 1.1× the median. (58 countries reporting)
- Serbia's 12.7% is above the median for Europe & Central Asia, which is 12.0%, 1.1× the median. (53 countries reporting)
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
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 share of manufacturing in gross domestic product (gdp) in Serbia?
- Share of manufacturing in gross domestic product (gdp) in Serbia was 12.7% in 2024, according to National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – processed by Our World in Data.
- What is the highest share of manufacturing in gross domestic product (gdp) recorded in Serbia?
- The highest recorded value was 28.1% in 2000.
- What is the lowest share of manufacturing in gross domestic product (gdp) recorded in Serbia?
- The lowest recorded value was 12.7% in 2024.
- How does Serbia rank for share of manufacturing in gross domestic product (gdp)?
- Serbia ranks 71st out of 202 countries with data for 2024.
- Is share of manufacturing in gross domestic product (gdp) 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 National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – processed by Our World in Data, published as part of Share of manufacturing in gross domestic product (GDP). Statizoid updates them automatically from the source API.
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About this data
Manufacturing comprises units engaged in the physical, or chemical transformation of materials, substances, or components into new products.