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Indicators of economy in Serbia

The essential economic performance of a country is reflected by the gross domestic product. So the total of all goods and services sold. Worldwide gross domestic product in 2021 was at about 12.259 USD per capita. GDP in Serbia, on the other hand, reached USD 9.215 per capita, or 63.07 billion USD in the whole country. Serbia is therefore currently ranked 83 of the major economies. If this is calculated per inhabitant taking into account the purchasing power parity, then Serbia is in the list of the world's richest countries in place 67.
Inflation in Serbia was in 2021 at around 4.09%. Within the EU, the average in the same year was 2.55%. In the United States, it was most recently 4.70%.
Compared with the USA, prices for daily consumer goods are around 48.8% lower.
The Corruption Perceptions Index for the public sector counts 67 and is compared to other countries moderate.
Back to overview: Serbia

Impact of the Covid-19 pandemic

Overall, the gross domestic product in Serbia in 2020 increased from 51.51 billion US Dollar to 53.34 billion US Dollar. Certainly, there have been shifts in numerous sectors of the economy, but a 3.5 percent increase has been rather unusual this year. While most countries have suffered significant losses, Serbia has certainly held its own. The tourism sector alone slumped by around 29 percent. Fortunately, the unemployment rate actually fell from 10.4 to 9.0 percent. The inflation rate has fallen from 1.8 percent previously to 1.6 percent by the end of 2020.

Unemployment rates in percent 1991 - 2021

Economic performance 2021

 Serbia
Total
Serbia
per capita
EU
Total
EU
per capita
GDP63.07 bn USD9,214.99 USD17.09 tn USD33,228.68 USD
Gross national product57.74 bn USD8,436.70 USD16.78 tn USD32,621.03 USD

Serbia ranked 48th in the Bloomberg Innovation Index in 2021. The index is calculated annually and most recently included 60 countries. The front-runner was South Korea.

Development of the Gross domestic product in billion US Dollar 1995 - 2021



Im- and Exports 2021

 Serbia
Total
Serbia
per capita
EU
Total
EU
per capita
Imports39.04 bn USD5,703.99 USD8,916.24 bn USD17,337.55 USD
Exports33.73 bn USD4,927.79 USD9,554.34 bn USD18,578.33 USD

Development of imports and exports in billions of USD 2007 - 2021
Exports
Imports

Serbia: AirportsLargest airports and airlines in SerbiaThe 2 biggest airports and 2 airlines in Serbia with further information and data (Belgrade Nikola Tesla and Nis)
Serbia: Public HolidaysPublic holidays in Serbia 2022-2026Statutory and inofficial holidays in Serbia for 2022 to 2026
Pariah StatesList of the 11 current Pariah States11 countries, that suffer from the sanctions of the international community because of their mostly autocratic government.