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Serbia Real GDP

Serbia's real GDP rose to $56.49 billion in 2024, up from $54.38 billion in 2023, according to World Bank. This represents an increase of 3.9% ($2.11 billion) from the previous year and accounts for 0.06% of the world's total real GDP. Serbia has real GDP higher than the global median ($56.49 billion vs median $29.34 billion). Compared with the median in Europe, Serbia is lower ($56.49 billion vs regional median $78.54 billion) and ranks 29th out of 47 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 Real GDP (Billion USD)
2024 56.49
2023 54.38
2022 52.37
2021 51.02
2020 47.27
2019 47.72
2018 45.56
2017 43.53
2016 42.53
2015 41.3
2014 40.77
2013 41.52
2012 41.33
2011 41.52
2010 41.49
2009 40.84
2008 42.16
2007 40.09
2006 37.18
2005 35.78
2004 33.79
2003 31.67
2002 30.29
2001 28.43
2000 26.63
1999 25.11
1998 28
1997 26.58
1996 24.4
1995 22.98
Serbia Real GDP : Definition
Real GDP is defined as the value of all goods and services produced in Serbia, measured in US dollars adjusted to 2015 prices. By fixing prices to a base year, it removes the effect of inflation, so this represents real GDP rather than nominal GDP.
Indicator Last Value Prior Value Period
GDP $89.08B $81.34B 2024
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