Value Added (Total Manufacturing) — Value US$ in Serbia
Serbia: Value Added (Total Manufacturing) — Value US$ was 10,550 million USD in 2023. ▲ Rising
Value Added (Total Manufacturing) — Value US$ in Serbia, 1990–2023
Source: Food and Agriculture Organization of the United Nations. Measured in million USD.
Analysis
Serbia recorded 10,550 million USD for value added (total manufacturing) — value us$ in 2023. That is the highest value across all 34 years on record.
Compared with earlier readings it is up 22.8% on the previous year and up 35.2% over ten years.
Over the whole period, value added (total manufacturing) — value us$ in Serbia peaked at 10,550 million USD in 2023 and was at its lowest, 2,608 million USD, in 1999.
That places Serbia 87th out of 236 countries with data for 2023, putting it in the middle of the range.
The long-run direction has been consistently rising across the 34 years of available data.
Value Added (Total Manufacturing) — Value US$ in Serbia, year by year
| Year | million USD | Change |
|---|---|---|
| 1990 | 9,072 million USD | — |
| 1991 | 8,243 million USD | -9.1% |
| 1992 | 6,140 million USD | -25.5% |
| 1993 | 4,324 million USD | -29.6% |
| 1994 | 4,452 million USD | +2.9% |
| 1995 | 5,141 million USD | +15.5% |
| 1996 | 5,111 million USD | -0.6% |
| 1997 | 4,731 million USD | -7.4% |
| 1998 | 4,310 million USD | -8.9% |
| 1999 | 2,608 million USD | -39.5% |
| 2000 | 2,676 million USD | +2.6% |
| 2001 | 3,215 million USD | +20.1% |
| 2002 | 3,844 million USD | +19.6% |
| 2003 | 4,538 million USD | +18.1% |
| 2004 | 5,355 million USD | +18.0% |
| 2005 | 5,408 million USD | +1.0% |
| 2006 | 6,033 million USD | +11.6% |
| 2007 | 7,671 million USD | +27.2% |
| 2008 | 8,958 million USD | +16.8% |
| 2009 | 6,735 million USD | -24.8% |
| 2010 | 6,400 million USD | -5.0% |
| 2011 | 7,499 million USD | +17.2% |
| 2012 | 6,853 million USD | -8.6% |
| 2013 | 7,801 million USD | +13.8% |
| 2014 | 7,042 million USD | -9.7% |
| 2015 | 5,856 million USD | -16.8% |
| 2016 | 6,027 million USD | +2.9% |
| 2017 | 6,665 million USD | +10.6% |
| 2018 | 7,357 million USD | +10.4% |
| 2019 | 7,048 million USD | -4.2% |
| 2020 | 7,088 million USD | +0.6% |
| 2021 | 8,209 million USD | +15.8% |
| 2022 | 8,589 million USD | +4.6% |
| 2023 | 10,550 million USD | +22.8% |
Serbia compared with similar countries
- Serbia's 10,550 million USD is above the median for upper middle income countries, which is 4,472 million USD, 2.4× the median. (54 countries reporting)
- Serbia's 10,550 million USD is below the median for Europe & Central Asia, which is 15,638 million USD, 67% of the median. (52 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 5,413 million USD | 2,608 million USD | 9,072 million USD | 10 |
| 2000s | 5,443 million USD | 2,676 million USD | 8,958 million USD | 10 |
| 2010s | 6,855 million USD | 5,856 million USD | 7,801 million USD | 10 |
| 2020s | 8,609 million USD | 7,088 million USD | 10,550 million USD | 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)
- 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$), annual growth rate 12.03 % change on previous year (2025)
Frequently asked questions
- What is value added (total manufacturing) — value us$ in Serbia?
- Value added (total manufacturing) — value us$ in Serbia was 10,550 million USD in 2023, according to Food and Agriculture Organization of the United Nations.
- What is the highest value added (total manufacturing) — value us$ recorded in Serbia?
- The highest recorded value was 10,550 million USD in 2023.
- What is the lowest value added (total manufacturing) — value us$ recorded in Serbia?
- The lowest recorded value was 2,608 million USD in 1999.
- How does Serbia rank for value added (total manufacturing) — value us$?
- Serbia ranks 87th out of 236 countries with data for 2023.
- Is value added (total manufacturing) — value us$ rising or falling in Serbia?
- Over the last ten years it is up 35.2%. 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 US$. Statizoid updates them automatically from the source API.
Download this data
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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).