Total factor productivity in Serbia
Serbia: Total factor productivity was 0.9939 in 2023. ▲ Rising
Latest (2023)
0.9939
Change on year
up 2.2%
World rank
59th
of 120 countries
All-time high
1.02
in 2013
All-time low
0.4374
in 1994
Years of data
30
1994–2023
Total factor productivity in Serbia, 1994–2023
Source: 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.
Total factor productivity in Serbia, year by year
| Year | Value | Change |
|---|---|---|
| 1994 | 0.4374 | — |
| 1995 | 0.4645 | +6.2% |
| 1996 | 0.4939 | +6.3% |
| 1997 | 0.5005 | +1.3% |
| 1998 | 0.5178 | +3.5% |
| 1999 | 0.5722 | +10.5% |
| 2000 | 0.6162 | +7.7% |
| 2001 | 0.6602 | +7.1% |
| 2002 | 0.7164 | +8.5% |
| 2003 | 0.7533 | +5.1% |
| 2004 | 0.8015 | +6.4% |
| 2005 | 0.866 | +8.1% |
| 2006 | 0.9049 | +4.5% |
| 2007 | 0.9284 | +2.6% |
| 2008 | 0.922 | -0.7% |
| 2009 | 0.9227 | +0.1% |
| 2010 | 0.9698 | +5.1% |
| 2011 | 1.01 | +4.1% |
| 2012 | 0.9938 | -1.5% |
| 2013 | 1.02 | +2.8% |
| 2014 | 0.9989 | -2.2% |
| 2015 | 0.9606 | -3.8% |
| 2016 | 0.9557 | -0.5% |
| 2017 | 0.9608 | +0.5% |
| 2018 | 0.975 | +1.5% |
| 2019 | 0.9864 | +1.2% |
| 2020 | 0.9686 | -1.8% |
| 2021 | 1 | +3.2% |
| 2022 | 0.9725 | -2.7% |
| 2023 | 0.9939 | +2.2% |
Serbia compared with similar countries
- Serbia's 0.9939 is above the median for upper middle income countries, which is 0.9902, 1.0× the median. (33 countries reporting)
- Serbia's 0.9939 is below the median for Europe & Central Asia, which is 0.9969, 100% of the median. (40 countries reporting)
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
- 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 total factor productivity in Serbia?
- Total factor productivity in Serbia was 0.9939 in 2023, according to 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 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).