Prices & public finance · Europe & Central Asia · Upper-middle income
Serbia: prices, money and public finance
Inflation is 3.9% (2025), 62nd of 180 in the world and 19th of 49 in Europe & Central Asia. GDP deflator is 4.5% (2025), 73rd of 209 in the world and 20th of 56 in Europe & Central Asia. Lending rate is 4.8% (2010).
Inflation
SerbiaEurope & Central AsiaUpper-middle incomeWorld
GDP deflator
SerbiaEurope & Central AsiaUpper-middle incomeWorld
13 indicators
Prices & public finance: Serbia in detail
Latest reported value, world rank and rank within Europe & Central Asia; values around 2000, 2010, 2020; group and world columns are World Bank aggregates.
| Indicator | Latest | World rank | In region | ~2000 | ~2010 | ~2020 | 10-year change | Region | Income group | World | Since 2000 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| InflationInflation, consumer prices, annual % | 3.9%2025 | 62/180 | 19/49 | 71.1% | 6.1% | 1.6% | +2.5 ppsince 2015 | 3.7% | 3.3% | 3.0% | |
| GDP deflatorInflation, GDP deflator, annual % | 4.5%2025 | 73/209 | 20/56 | 79.2% | 5.0% | 2.6% | +2.3 ppsince 2015 | 3.6% | 3.3% | 3.3% | |
| Lending rateLending interest rate, % | 4.8%2010 | — | — | 78.7% | 4.8% | · | −73.9 ppsince 2000 | — | — | — | |
| Real interest rateReal interest rate, % | -0.2%2010 | — | — | -0.3% | -0.2% | · | +0.1 ppsince 2000 | — | — | — | |
| Exchange rateOfficial exchange rate, local currency per US$ | 103.982025 | 65/210 | 6/57 | 63.17 | 77.72 | 103.16 | −4.4%since 2015 | — | — | — | |
| Tax revenueTax revenue, % of GDP | 23.9%2022 | 22/142 | 13/48 | · | 19.4% | 22.4% | +6.1 ppsince 2012 | 19.7% | 10.4% | 13.9% | |
| Government revenueGovernment revenue excluding grants, % of GDP | 38.6%2022 | 18/142 | 14/48 | · | 33.1% | 39.4% | +7.1 ppsince 2012 | 34.7% | 18.5% | 24.0% | |
| Government expenseGovernment expense, % of GDP | 35.5%2022 | 32/142 | 22/47 | · | 35.1% | 42.5% | ±0.0 ppsince 2012 | 38.9% | — | 28.5% | |
| External debtExternal debt stocks, % of GNI | 62.2%2024 | 36/119 | 8/20 | 158.0% | 77.1% | 71.7% | −5.6 ppsince 2014 | — | 21.3% | — | |
| Private creditDomestic credit to private sector, % of GDP | 35.4%2025 | 98/169 | 35/48 | 40.8% | 45.3% | 43.4% | −3.7 ppsince 2015 | 82.1% | 139.0% | 140.3% | |
| Broad moneyBroad money, % of GDP | 53.0%2024 | 86/146 | 19/28 | 14.1% | 40.2% | 57.9% | +10.4 ppsince 2014 | — | 167.9% | 135.7% | |
| Reserves, months of importsTotal reserves in months of imports | 6.22025 | 45/165 | 9/49 | · | 7.9 | 6.1 | +5.3%since 2015 | 6.3 | 9.9 | 8.6 | |
| Military spendingMilitary expenditure, % of GDP | 2.76%2025 | 36/156 | 13/47 | 4.60% | 2.00% | 2.30% | +1.1 ppsince 2015 | 2.83% | 1.87% | 2.48% |
Source: World Bank, World Development Indicators (CC BY 4.0)“·” — no value reported within two years of that date. World rank counts countries with a recent value.
Better than ten years ago
- External debt−5.6 pp62.2% in 2024
- Reserves, months of imports+5.3%6.2 in 2025
Worse than ten years ago
- Inflation+2.5 pp3.9% in 2025
Only indicators where higher or lower is clearly better are rated (for example, unemployment down is better, life expectancy up is better).
neighbours
Serbia and its neighbours
Countries sharing a land border with Serbia. Latest values since 2005; the highest in each row is marked.
| Indicator | Serbia | Romania | Hungary | Bulgaria | Croatia | Bosnia and Herzegovina |
|---|---|---|---|---|---|---|
| Inflation | 3.9%2025 | 7.2%2025 | 4.4%2025 | 4.6%2025 | 3.7%2025 | 4.0%2025 |
| GDP deflator | 4.5%2025 | 8.2%2025 | 6.3%2025 | 7.4%2025 | 4.7%2025 | 3.0%2025 |
| Lending rate | 4.8%2010 | 8.5%2025 | 8.0%2025 | 4.2%2025 | 8.6%2014 | 4.1%2025 |
| Real interest rate | -0.2%2010 | 0.3%2025 | 1.6%2025 | -3.0%2025 | 8.4%2014 | 1.1%2025 |
| Exchange rate | 103.982025 | 4.472025 | 353.142025 | 1.742025 | 0.882025 | 1.742025 |
| Tax revenue | 23.9%2022 | 16.2%2024 | 22.7%2024 | 20.7%2024 | 21.2%2023 | 20.2%2024 |
| Government revenue | 38.6%2022 | 30.7%2024 | 37.9%2024 | 34.4%2024 | 35.1%2023 | 37.6%2024 |
| Government expense | 35.5%2022 | 37.3%2022 | 42.4%2022 | 35.8%2023 | 38.1%2023 | 35.3%2023 |
| External debt | 62.2%2024 | — | — | 55.1%2022 | — | 49.2%2024 |