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Serbia GDP

Serbia's GDP rose to $89.08 billion in 2024, up from $81.34 billion in 2023, according to World Bank. This represents an increase of 9.5% ($7.74 billion) from the previous year and accounts for 0.08% of the world's total GDP. Serbia has GDP higher than the global median ($89.08 billion vs median $35.85 billion). Compared with the median in Europe, Serbia is lower ($89.08 billion vs regional median $126.99 billion) and ranks 28th out of 48 countries in Europe.

Serbia's GDP per capita rose to $8,575.55 in 2024, up from $8,210.55 in 2023.

Yearly Historical Data (1995-2024)

(in Billion USD)
Year GDP (Billion USD)
2024 89.08
2023 81.34
2022 66.8
2021 66.16
2020 55.87
2019 53.86
2018 52.79
2017 45.97
2016 42.23
2015 41.3
2014 49.11
2013 50.46
2012 45.1
2011 51.25
2010 43.54
2009 46.96
2008 54.22
2007 44.89
2006 33.3
2005 28.33
2004 26.85
2003 23.59
2002 17.93
2001 13.6
2000 7.33
1999 20.88
1998 21
1997 27.15
1996 23.28
1995 17.92
Serbia GDP : Definition
GDP measures the total value of all goods and services produced in Serbia, measured in current US dollars. It is also called Nominal GDP.
Indicator Last Value Prior Value Period
GDP Annual Growth Rate 3.88% 3.85% 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