Source: world bank Nominal/PPP
Summary:
Serbia GDP Per Capita expanded from 1995 to 2024, increasing from $17.92 to $90.10 .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.
Serbia Economic Phases (1995 - 2024)
From 1995 to 2024, Serbia economy moved through multiple cyclical phases marked by alternating periods of rapid expansion and contraction.
- High Growth (1996–1997) indicating robust economic expansion
- High Growth (2001–2008) indicating robust economic expansion
- High Growth (2017–2018) indicating robust economic expansion
- Expansion (2019–2020) indicating steady moderate growth
- High Growth (2023–2024) indicating robust economic expansion
The most remarkable growth occurred in 2001 with an increase of 85.622%, while the largest decline was in 2000 at -64.91%.