[ Nominal GDP in billions of USD ]
Year -
$90.10 billions
Serbia GDP expanded from 1995 to 2024, increasing from $17.92 billion to $90.10 billion.The compound annual growth rate (CAGR) averaged 5.73% over the period. The economy recorded its peak level in 2024 and its lowest level in 2000. Growth volatility remained high. The maximum drawdown reached 73%, indicating the largest cyclical decline from peak levels. The country experienced 4 recession episode(s) during the observed period.
| Metric | Nominal GDP (Current USD) | GDP (PPP, Int$) |
|---|---|---|
| Latest Year | 2024 | 2024 |
| Latest GDP | $ 90.10 Billions | $ 216.25 Int Billions |
| Growth (YoY) | 10.761% | 9.649% |
| Net Change vs Previous Year | $ 8.75 Billion | $ 19.03 Int Billion |
| % of World GDP | 0.08% | 0.11% |
| Meaning | Nominal GDP (Current USD, exchange-rate based) | GDP (PPP, cost-of-living adjusted) |
| Nominal | PPP | |||||
|---|---|---|---|---|---|---|
| Year | Bil $ | Net Chg | % Chg | Int Bil $ | Net Chg | % Chg |
| 1960 | - | - | - | - | - | - |
| 1961 | - | - | - | - | - | - |
| 1962 | - | - | - | - | - | - |
| 1963 | - | - | - | - | - | - |
| 1964 | - | - | - | - | - | - |
| 1965 | - | - | - | - | - | - |
| 1966 | - | - | - | - | - | - |
| 1967 | - | - | - | - | - | - |
| 1968 | - | - | - | - | - | - |
| 1969 | - | - | - | - | - | - |
| 1970 | - | - | - | - | - | - |
| 1971 | - | - | - | - | - | - |
| 1972 | - | - | - | - | - | - |
| 1973 | - | - | - | - | - | - |
| 1974 | - | - | - | - | - | - |
| 1975 | - | - | - | - | - | - |
| 1976 | - | - | - | - | - | - |
| 1977 | - | - | - | - | - | - |
| 1978 | - | - | - | - | - | - |
| 1979 | - | - | - | - | - | - |
| 1980 | - | - | - | - | - | - |
| 1981 | - | - | - | - | - | - |
| 1982 | - | - | - | - | - | - |
| 1983 | - | - | - | - | - | - |
| 1984 | - | - | - | - | - | - |
| 1985 | - | - | - | - | - | - |
| 1986 | - | - | - | - | - | - |
| 1987 | - | - | - | - | - | - |
| 1988 | - | - | - | - | - | - |
| 1989 | - | - | - | - | - | - |
| 1990 | - | - | - | - | - | - |
| 1991 | - | - | - | - | - | - |
| 1992 | - | - | - | - | - | - |
| 1993 | - | - | - | - | - | - |
| 1994 | - | - | - | - | - | - |
| 1995 | 17.92 | - | - | 38.31 | - | - |
| 1996 | 23.28 | 5.36 | 29.883 % | 41.42 | 3.11 | 8.109 % |
| 1997 | 27.15 | 3.88 | 16.651 % | 45.89 | 4.48 | 10.812 % |
| 1998 | 21 | -6.15 | -22.647 % | 48.89 | 3 | 6.527 % |
| 1999 | 20.88 | -0.13 | -0.597 % | 44.46 | -4.43 | -9.057 % |
| 2000 | 7.33 | -13.55 | -64.91 % | 48.22 | 3.76 | 8.457 % |
| 2001 | 13.6 | 6.27 | 85.622 % | 51.04 | 2.82 | 5.851 % |
| 2002 | 17.93 | 4.33 | 31.849 % | 56.72 | 5.68 | 11.121 % |
| 2003 | 23.59 | 5.66 | 31.58 % | 60.02 | 3.3 | 5.811 % |
| 2004 | 26.85 | 3.25 | 13.786 % | 65.04 | 5.03 | 8.374 % |
| 2005 | 28.33 | 1.49 | 5.545 % | 69.93 | 4.88 | 7.508 % |
| 2006 | 33.3 | 4.96 | 17.519 % | 77.55 | 7.62 | 10.904 % |
| 2007 | 44.89 | 11.59 | 34.807 % | 86.26 | 8.71 | 11.227 % |
| 2008 | 54.22 | 9.33 | 20.791 % | 96.45 | 10.2 | 11.821 % |
| 2009 | 46.96 | -7.26 | -13.398 % | 95.45 | -1 | -1.042 % |
| 2010 | 43.54 | -3.42 | -7.282 % | 97.12 | 1.67 | 1.753 % |
| 2011 | 51.25 | 7.71 | 17.719 % | 103.47 | 6.35 | 6.536 % |
| 2012 | 45.1 | -6.15 | -11.996 % | 104.47 | 1 | 0.964 % |
| 2013 | 50.46 | 5.35 | 11.867 % | 109.27 | 4.8 | 4.596 % |
| 2014 | 49.11 | -1.34 | -2.658 % | 109.09 | -0.18 | -0.164 % |
| 2015 | 41.3 | -7.82 | -15.916 % | 110.31 | 1.22 | 1.117 % |
| 2016 | 42.23 | 0.93 | 2.247 % | 116.15 | 5.84 | 5.295 % |
| 2017 | 45.97 | 3.75 | 8.875 % | 121.36 | 5.21 | 4.486 % |
| 2018 | 52.79 | 6.81 | 14.823 % | 128.96 | 7.6 | 6.265 % |
| 2019 | 53.86 | 1.08 | 2.041 % | 142.98 | 14.02 | 10.873 % |
| 2020 | 55.87 | 2.01 | 3.73 % | 144.97 | 1.99 | 1.39 % |
| 2021 | 66.16 | 10.29 | 18.409 % | 159.97 | 15 | 10.344 % |
| 2022 | 66.81 | 0.65 | 0.982 % | 174.23 | 14.26 | 8.915 % |
| 2023 | 81.34 | 14.53 | 21.754 % | 197.22 | 22.99 | 13.196 % |
| 2024 | 90.1 | 8.75 | 10.761 % | 216.25 | 19.03 | 9.649 % |
Between 1995 to 2024, Serbia experienced the following economic phases:
The most remarkable growth occurred in 2001 with an increase of 85.622%, while the largest decline was in 2000 at -64.91%.