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Serbia GDP Annual Growth Rate

Serbia's GDP annual growth rate rose to 3.88% in 2024, up from 3.85% in 2023, according to World Bank. This represents an increase of 0.03% from the previous year. Serbia has GDP annual growth rate higher than the global median (3.88% vs median 3.24%). Compared with the median in Europe, Serbia is higher (3.88% vs regional median 2.10%) and ranks 8th out of 47 countries in Europe.

Serbia's real GDP rose to $56.49 billion in 2024, up from $54.38 billion in 2023.

Yearly Historical Data (1996-2024)

(in %)
Year GDP Annual Growth Rate (%)
2024 3.88%
2023 3.85%
2022 2.63%
2021 7.95%
2020 -0.95%
2019 4.75%
2018 4.65%
2017 2.36%
2016 2.98%
2015 1.3%
2014 -1.8%
2013 0.45%
2012 -0.44%
2011 0.05%
2010 1.61%
2009 -3.14%
2008 5.16%
2007 7.83%
2006 3.9%
2005 5.9%
2004 6.69%
2003 4.56%
2002 6.54%
2001 6.78%
2000 6.06%
1999 -10.33%
1998 5.34%
1997 8.93%
1996 6.16%
Serbia GDP Annual Growth Rate : Definition
GDP Annual Growth Rate measures the yearly percentage change in Serbia's total economic output.
Indicator Last Value Prior Value Period
GDP $89.08B $81.34B 2024
GDP per Capita $8,575.55 $8,210.55 2024
GDP per Capita PPP $26,884.46 $25,740.2 2024
R&D Expenditure (% GDP) 0.95% 0.97% 2023
Real GDP $56.49B $54.38B 2024