upper middle-income Balkan economy; current EU accession candidate; hit by COVID-19; pursuing green growth development; manageable public debt; new anticorruption efforts; falling unemployment; historic Russian relations; energy import-dependent
$135.534 billion (2021 est.)
$126.019 billion (2020 est.)
$127.168 billion (2019 est.)
note: data are in 2017 dollars
7.55% (2021 est.)
-0.9% (2020 est.)
4.33% (2019 est.)
$19,800 (2021 est.)
$18,300 (2020 est.)
$18,300 (2019 est.)
note: data are in 2017 dollars
$51.449 billion (2019 est.)
4.09% (2021 est.)
1.58% (2020 est.)
1.85% (2019 est.)
Fitch rating: BB+ (2019)
Moody's rating: Ba3 (2017)
Standard & Poors rating: BB+ (2019)
note: The year refers to the year in which the current credit rating was first obtained.
agriculture: 9.8% (2017 est.)
industry: 41.1% (2017 est.)
services: 49.1% (2017 est.)
household consumption: 78.2% (2017 est.)
government consumption: 10.1% (2017 est.)
investment in fixed capital: 18.5% (2017 est.)
investment in inventories: 2% (2017 est.)
exports of goods and services: 52.5% (2017 est.)
imports of goods and services: -61.3% (2017 est.)
maize, wheat, sugar beet, milk, sunflower seed, potatoes, soybeans, plums/sloes, apples, barley
automobiles, base metals, furniture, food processing, machinery, chemicals, sugar, tires, clothes, pharmaceuticals
8.63% (2021 est.)
3.176 million (2021 est.)
agriculture: 19.4%
industry: 24.5%
services: 56.1% (2017 est.)
11.81% (2021 est.)
9.01% (2020 est.)
10.39% (2019 est.)
total: 30.4%
male: 28.5%
female: 33.7% (2021 est.)
23.2% (2018 est.)
34.5 (2019 est.)
on food: 25.6% of household expenditures (2018 est.)
on alcohol and tobacco: 7% of household expenditures (2018 est.)
lowest 10%: 2.2%
highest 10%: 23.8% (2011)
revenues: $21.858 billion (2020 est.)
expenditures: $25.72 billion (2020 est.)
note: data include both central government and local goverment budgets
0.2% (of GDP) (2017 est.)
62.5% of GDP (2017 est.)
73.1% of GDP (2016 est.)
23.49% (of GDP) (2020 est.)
-$2.742 billion (2021 est.)
-$2.177 billion (2020 est.)
-$3.535 billion (2019 est.)
$33.726 billion (2021 est.) note: data are in current year dollars
$25.5 billion (2020 est.) note: data are in current year dollars
$26.127 billion (2019 est.) note: data are in current year dollars
Germany 12%, Italy 10%, Bosnia and Herzegovina 7%, Romania 6%, Russia 5% (2019)
insulated wiring, tires, corn, cars, iron products, copper (2019)
$39.039 billion (2021 est.) note: data are in current year dollars
$30.177 billion (2020 est.) note: data are in current year dollars
$31.286 billion (2019 est.) note: data are in current year dollars
Germany 13%, Russia 9%, Italy 8%, Hungary 6%, China 5%, Turkey 5% (2019)
crude petroleum, cars, packaged medicines, natural gas, refined petroleum (2019)
$18.617 billion (31 December 2021 est.)
$16.587 billion (31 December 2020 est.)
$14.995 billion (31 December 2019 est.)
$30.927 billion (2019 est.)
$30.618 billion (2018 est.)
Serbian dinars (RSD) per US dollar -
99.396 (2021 est.)
103.163 (2020 est.)
105.25 (2019 est.)
100.175 (2018 est.)
107.759 (2017 est.)
NOTE: The information regarding Serbia on this page is re-published from the 2023 World Fact Book of the United States Central Intelligence Agency and other sources. No claims are made regarding the accuracy of Serbia 2023 information contained here. All suggestions for corrections of any errors about Serbia 2023 should be addressed to the CIA or the source cited on each page.
This page was last modified 06 Dec 23, Copyright © 2023 ITA all rights reserved.