Value Added (Total Manufacturing) — Value Standard Local Currency in Serbia
Serbia: Value Added (Total Manufacturing) — Value Standard Local Currency was 775,782 million SLC in 2023. ▲ Rising
Value Added (Total Manufacturing) — Value Standard Local Currency in Serbia, 1990–2023
Source: Food and Agriculture Organization of the United Nations. Measured in million SLC.
Analysis
Serbia recorded 775,782 million SLC for value added (total manufacturing) — value standard local currency in 2023.
The figure is up 3.3% on the previous year and up 17.5% over ten years.
Over the whole period, value added (total manufacturing) — value standard local currency in Serbia peaked at 795,827 million SLC in 1990 and was at its lowest, 351,723 million SLC, in 1993.
Serbia ranks 45th of 194 countries on this measure, in the top quarter.
The long-run direction has been consistently rising across the 34 years of available data.
Value Added (Total Manufacturing) — Value Standard Local Currency in Serbia, year by year
| Year | million SLC | Change |
|---|---|---|
| 1990 | 795,827 million SLC | — |
| 1991 | 705,570 million SLC | -11.3% |
| 1992 | 502,946 million SLC | -28.7% |
| 1993 | 351,723 million SLC | -30.1% |
| 1994 | 365,846 million SLC | +4.0% |
| 1995 | 370,168 million SLC | +1.2% |
| 1996 | 411,554 million SLC | +11.2% |
| 1997 | 458,534 million SLC | +11.4% |
| 1998 | 493,834 million SLC | +7.7% |
| 1999 | 425,531 million SLC | -13.8% |
| 2000 | 481,875 million SLC | +13.2% |
| 2001 | 504,612 million SLC | +4.7% |
| 2002 | 548,557 million SLC | +8.7% |
| 2003 | 557,952 million SLC | +1.7% |
| 2004 | 603,642 million SLC | +8.2% |
| 2005 | 617,747 million SLC | +2.3% |
| 2006 | 619,296 million SLC | +0.3% |
| 2007 | 655,795 million SLC | +5.9% |
| 2008 | 678,646 million SLC | +3.5% |
| 2009 | 592,835 million SLC | -12.6% |
| 2010 | 597,068 million SLC | +0.7% |
| 2011 | 605,994 million SLC | +1.5% |
| 2012 | 620,801 million SLC | +2.4% |
| 2013 | 660,316 million SLC | +6.4% |
| 2014 | 617,969 million SLC | -6.4% |
| 2015 | 637,239 million SLC | +3.1% |
| 2016 | 656,226 million SLC | +3.0% |
| 2017 | 685,827 million SLC | +4.5% |
| 2018 | 695,961 million SLC | +1.5% |
| 2019 | 696,389 million SLC | +0.1% |
| 2020 | 699,929 million SLC | +0.5% |
| 2021 | 736,404 million SLC | +5.2% |
| 2022 | 750,696 million SLC | +1.9% |
| 2023 | 775,782 million SLC | +3.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 488,153 million SLC | 351,723 million SLC | 795,827 million SLC | 10 |
| 2000s | 586,096 million SLC | 481,875 million SLC | 678,646 million SLC | 10 |
| 2010s | 647,379 million SLC | 597,068 million SLC | 696,389 million SLC | 10 |
| 2020s | 740,703 million SLC | 699,929 million SLC | 775,782 million SLC | 4 |
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)
- Gross value added at basic prices (GVA) (current LCU), annual growth 6.99 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 88.72 current LCU per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current LCU), per capita 1.35 million current LCU per person (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), annual 1.77 % change on previous year (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), per unit 0.4917 constant 2015 US$ per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), per 7,504 constant 2015 US$ per person (2025)
- Gross value added at basic prices (GVA) (constant LCU), annual growth 1.77 % change on previous year (2025)
- Gross value added at basic prices (GVA) (constant LCU), per unit of 62.61 constant LCU per US$ of GDP (2025)
Frequently asked questions
- What is value added (total manufacturing) — value standard local currency in Serbia?
- Value added (total manufacturing) — value standard local currency in Serbia was 775,782 million SLC in 2023, according to Food and Agriculture Organization of the United Nations.
- What is the highest value added (total manufacturing) — value standard local currency recorded in Serbia?
- The highest recorded value was 795,827 million SLC in 1990.
- What is the lowest value added (total manufacturing) — value standard local currency recorded in Serbia?
- The lowest recorded value was 351,723 million SLC in 1993.
- How does Serbia rank for value added (total manufacturing) — value standard local currency?
- Serbia ranks 45th out of 194 countries with data for 2023.
- Is value added (total manufacturing) — value standard local currency rising or falling in Serbia?
- Over the last ten years it is up 17.5%. The long-run trend across the full record is rising.
- Where does this Serbia data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Value Added (Total Manufacturing) — Value Standard Local Currency, 2015 prices. Statizoid updates them automatically from the source API.
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About this data
The FAOSTAT Macro Indicators database provides a selection of country-level macro indicators relating to total economy (Gross Domestic Product, Gross Fixed Capital Formation); agriculture activity; agriculture, forestry and fishing activity; total manufacturing activity; manufacturing of food products and beverages activity; manufacturing activity of tobacco products; and manufacturing activity of food, beverage and tobacco products.It releases time series for a selection of National Accounts variables, including gross domestic product, gross fixed capital formation, industry-level value added and gross output. The database also proposes additional indicators such as gross domestic product per capita, year-on-year growth rates and measures of industry contribution to gross domestic product. All data relating to Gross Domestic Product, Gross Fixed Capital Formation, agriculture, forestry and fishing activity, and to total manufacturing activity originates from the United Nations Statistics Division (UNSD) National Accounts Estimates of Main Aggregates database, which consists of a complete and consistent set of time series of the main National Accounts aggregates of all UN Members States and other territories in the world for which National Accounts information is available. The UNSD database's content is based on the countries' official National Accounts data reported to UNSD through the annual National Accounts Questionnaire, supplemented with data estimates for any years and countries with incomplete or inconsistent information (See http://unstats.un.org/unsd/snaama/Introduction.asp). Data series relating to the sub-industry Agriculture activity are obtained from the UNSD national accounts Official Country Data databases while series on the Manufacturing activity of food and beverages products, manufacturing activity of tobacco products and manufacturing activity of food, beverages and tobacco products originates from the United Nations Industrial Development Organization (UNIDO) INDSTAT2 database. In order to ensure that sub-industry series are consistent in levels with National Accounts based series, which is needed to support comparability across industries (agriculture vs. agro-industry and sub-industries), UNIDO originating series are rescaled on UNSD National Accounts Estimates of Main Aggregates data series (See Section 17.5 for a more detailed description of the data processing steps).