Productivity vs annual hours worked in Serbia
Serbia: Productivity vs annual hours worked was 1,995 in 2023. ▼ Falling
Latest (2023)
1,995
Change on year
down 2.5%
World rank
60th
of 129 countries
All-time high
2,210
in 2006
All-time low
1,902
in 2014
Years of data
19
2005–2023
Productivity vs annual hours worked in Serbia, 2005–2023
Source: Our World in Data.
Analysis
In 2023, productivity vs annual hours worked in Serbia stood at 1,995.
That represents a change of down 2.5% on the previous year and down 5.8% over ten years.
Over the whole period, productivity vs annual hours worked in Serbia peaked at 2,210 in 2006 and was at its lowest, 1,902, in 2014.
That places Serbia 60th out of 129 countries with data for 2023, putting it in the middle of the range.
The long-run direction has been consistently falling across the 19 years of available data.
Productivity vs annual hours worked in Serbia, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | 2,195 | — |
| 2006 | 2,210 | +0.7% |
| 2007 | 2,207 | -0.1% |
| 2008 | 2,205 | -0.1% |
| 2009 | 2,204 | -0.1% |
| 2010 | 2,189 | -0.7% |
| 2011 | 2,188 | -0.0% |
| 2012 | 2,209 | +0.9% |
| 2013 | 2,117 | -4.2% |
| 2014 | 1,902 | -10.1% |
| 2015 | 2,034 | +6.9% |
| 2016 | 2,029 | -0.2% |
| 2017 | 2,003 | -1.3% |
| 2018 | 2,027 | +1.2% |
| 2019 | 2,027 | -0.0% |
| 2020 | 1,975 | -2.5% |
| 2021 | 2,051 | +3.8% |
| 2022 | 2,047 | -0.2% |
| 2023 | 1,995 | -2.5% |
Serbia compared with similar countries
- Serbia's 1,995 is below the median for upper middle income countries, which is 2,063, 97% of the median. (38 countries reporting)
- Serbia's 1,995 is above the median for Europe & Central Asia, which is 1,741, 1.1× the median. (46 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 2,204 | 2,195 | 2,210 | 5 |
| 2010s | 2,073 | 1,902 | 2,209 | 10 |
| 2020s | 2,017 | 1,975 | 2,051 | 4 |
Countries ranked near Serbia
More economy & growth data for Serbia
- Real gdp growth, annual growth rate -48.61 % change on previous year (2025)
- 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)
Frequently asked questions
- What is productivity vs annual hours worked in Serbia?
- Productivity vs annual hours worked in Serbia was 1,995 in 2023, according to Our World in Data.
- What is the highest productivity vs annual hours worked recorded in Serbia?
- The highest recorded value was 2,210 in 2006.
- What is the lowest productivity vs annual hours worked recorded in Serbia?
- The lowest recorded value was 1,902 in 2014.
- How does Serbia rank for productivity vs annual hours worked?
- Serbia ranks 60th out of 129 countries with data for 2023.
- Is productivity vs annual hours worked rising or falling in Serbia?
- Over the last ten years it is down 5.8%. The long-run trend across the full record is falling.
- Where does this Serbia data come from?
- The figures come from Our World in Data, published as part of Productivity vs annual hours worked. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 19 observations, free to reuse under CC BY 4.0 (Our World in Data).