Taxes on income vs. taxes on goods and services in Serbia
Serbia: Taxes on income vs. taxes on goods and services was 17.2% in 2022. ▲ Rising
Taxes on income vs. taxes on goods and services in Serbia, 2007–2022
Source: UNU-WIDER Government Revenue Dataset (2025) – with major processing by Our World in Data. Measured in % of GDP.
Analysis
The most recent figure for taxes on income vs. taxes on goods and services in Serbia is 17.2%, measured in 2022.
That represents a change of down 0.4% on the previous year and up 10.8% over ten years.
Over the whole period, taxes on income vs. taxes on goods and services in Serbia peaked at 17.5% in 2017 and was at its lowest, 15.4%, in 2011.
That places Serbia 6th out of 187 countries with data for 2022, putting it in the top 10%.
The long-run direction has been consistently rising across the 16 years of available data.
Taxes on income vs. taxes on goods and services in Serbia, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2007 | 16.1% | — |
| 2008 | 15.7% | -2.5% |
| 2009 | 15.6% | -0.8% |
| 2010 | 16.1% | +3.3% |
| 2011 | 15.4% | -4.4% |
| 2012 | 15.5% | +0.7% |
| 2013 | 15.7% | +1.0% |
| 2014 | 16.3% | +4.0% |
| 2015 | 16.8% | +3.0% |
| 2016 | 17.4% | +3.8% |
| 2017 | 17.5% | +0.3% |
| 2018 | 17.1% | -2.0% |
| 2019 | 17.3% | +1.1% |
| 2020 | 17.0% | -1.6% |
| 2021 | 17.3% | +1.3% |
| 2022 | 17.2% | -0.4% |
Serbia compared with similar countries
- Serbia's 17.2% is above the median for upper middle income countries, which is 9.9%, 1.7× the median. (53 countries reporting)
- Serbia's 17.2% is above the median for Europe & Central Asia, which is 11.7%, 1.5× the median. (50 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 15.8% | 15.6% | 16.1% | 3 |
| 2010s | 16.5% | 15.4% | 17.5% | 10 |
| 2020s | 17.2% | 17.0% | 17.3% | 3 |
Countries ranked near Serbia
- 3 Macau, China 18.1% compare
- 4 Samoa 17.6% compare
- 5 Bosnia and Herzegovina 17.3% compare
- 7 Seychelles 16.0% compare
- 8 Greece 15.8% compare
- 9 Hungary 15.7% 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 taxes on income vs. taxes on goods and services in Serbia?
- Taxes on income vs. taxes on goods and services in Serbia was 17.2% in 2022, according to UNU-WIDER Government Revenue Dataset (2025) – with major processing by Our World in Data.
- What is the highest taxes on income vs. taxes on goods and services recorded in Serbia?
- The highest recorded value was 17.5% in 2017.
- What is the lowest taxes on income vs. taxes on goods and services recorded in Serbia?
- The lowest recorded value was 15.4% in 2011.
- How does Serbia rank for taxes on income vs. taxes on goods and services?
- Serbia ranks 6th out of 187 countries with data for 2022.
- Is taxes on income vs. taxes on goods and services rising or falling in Serbia?
- Over the last ten years it is up 10.8%. The long-run trend across the full record is rising.
- Where does this Serbia data come from?
- The figures come from UNU-WIDER Government Revenue Dataset (2025) – with major processing by Our World in Data, published as part of Taxes on income vs. taxes on goods and services. Statizoid updates them automatically from the source API.
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About this data
Total taxes on income (individual and corporate) vs. total taxes on goods and services (including VAT and sales taxes), as a share of GDP.