Total factor productivity in Serbia
Serbia: Total factor productivity was 0.9939 in 2023. ▲ Rising
Total factor productivity in Serbia, 1994–2023
Source: Feenstra et al. - Penn World Table (2025) – with major processing by Our World in Data.
Analysis
Serbia recorded 0.9939 for total factor productivity in 2023.
That represents a change of up 2.2% on the previous year and down 2.7% over ten years.
Over the whole period, total factor productivity in Serbia peaked at 1.02 in 2013 and was at its lowest, 0.4374, in 1994.
Serbia ranks 59th of 120 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 30 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.4977 | 0.4374 | 0.5722 | 6 |
| 2000s | 0.8092 | 0.6162 | 0.9284 | 10 |
| 2010s | 0.9831 | 0.9557 | 1.02 | 10 |
| 2020s | 0.9838 | 0.9686 | 1 | 4 |
Countries ranked near Serbia
More economy & growth data for Serbia
- External balance on goods and services as a percent of GDP -4.3% (2025)
- Inflation of consumer prices 3.9% (2025)
- GDP per capita 8,804 constant 2015 US$ (2025)
- Share of manufacturing in gross domestic product (GDP) 12.7% (2024)
- Gross domestic product (GDP) 57.66 billion constant 2015 US$ (2025)
- GDP per capita in international and market dollars 8,804 constant 2015 US$ (2025)
- DEC alternative conversion factor 103.97 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) 637.18 billion current LCU (2025)
- Net secondary income (Net current transfers from abroad) 6.13 billion current US$ (2025)
- Taxes less subsidies on products 1.52 trillion current LCU (2025)
Frequently asked questions
- What is total factor productivity in Serbia?
- Total factor productivity in Serbia was 0.9939 in 2023, according to Feenstra et al. - Penn World Table (2025) – with major processing by Our World in Data.
- What is the highest total factor productivity recorded in Serbia?
- The highest recorded value was 1.02 in 2013.
- What is the lowest total factor productivity recorded in Serbia?
- The lowest recorded value was 0.4374 in 1994.
- How does Serbia rank for total factor productivity?
- Serbia ranks 59th out of 120 countries with data for 2023.
- Is total factor productivity rising or falling in Serbia?
- Over the last ten years it is down 2.7%. The long-run trend across the full record is rising.
- Where does this Serbia data come from?
- The figures come from Feenstra et al. - Penn World Table (2025) – with major processing by Our World in Data, published as part of Total factor productivity. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 30 observations, free to reuse under CC BY 4.0 (Our World in Data).
About this data
This is the level of total factor productivity, relative to each country's value in 2021 (which is set to 1). This data is adjusted for inflation and differences in living costs between countries.