Serbia's GDP changed from approximately $9B 790M in 2000 to $81B 873M in 2024, showing an overall 736.3% sharply increased during the period.
The lowest GDP was recorded in 2000 at $9B 790M, and the highest in 2024 at $81B 873M.
Over the 24-year span, the GDP showed a overall increase with some decline trend, with an average annual growth rate of 9.3%.
For comparison, the average annual growth rate of Croatia was 17.1%, and that of Albania was 6.0%.
Serbia GDP from 2000 to 2024
The total market value of goods and services produced annually in Serbia.
Overview of Serbia's GDP (2000–2024)
The Gross Domestic Product (GDP) of Serbia recorded a 736.3% sharply increased from 2000 to 2024.
The average GDP during this period was $43B 285M, and the median was $44B 179M.
GDP fluctuated within a range of $72B 83M, with a standard deviation of $17B 696M.
The average annual change was $2B 171M.
Highest and Lowest GDP Records
- Lowest GDP: 2000, $9B 790M
- Highest GDP: 2024, $81B 873M
- Most Recent GDP: 2024, $81B 873M
Notable Annual GDP Changes
- 2023: Significant increase in GDP
- 2015: Noticeable drop in GDP
Overall pattern: overall increase with some decline
Global Economic Events and Serbia's GDP
COVID-19 Pandemic (2020)
- Period: From 2019 to 2020
- GDP Change: $51B 514M → $53B 356M
- Outcome: increased
2008 Global Financial Crisis
- Period: From 2007 to 2009
- GDP Change: $43B 395M → $45B 156M
- Outcome: increased
2001 Dot-com Bubble Burst
- Period: From 2000 to 2001
- GDP Change: $9B 790M → $13B 9M
- Outcome: sharply increased
1998 Asian Financial Crisis
- Period: From 1997 to 1998
- GDP Change: $0 → $0
- Outcome: remained stable
Key Economic Indicators of Serbia (2000–2024)
| year | GDP Growth | Nominal GDP | PPP GDP | GDP per Capita | PPP per Capita | Savings | Population | Current Account | Fiscal Balance |
|---|---|---|---|---|---|---|---|---|---|
1997 | 0 % | $ 0 | $ 0 | $ 2,417.33 | $ 0 | 5.66 % | 9M 777K people | 0 % | 0 % |
1998 | 0 % | $ 0 | $ 0 | $ 1,895.42 | $ 0 | 3.99 % | 9M 776K people | 0 % | 0 % |
1999 | -9.424 % | $ 0 | $ 0 | $ 1,587.88 | $ 0 | 4.43 % | 7M 540K people | 0 % | 0 % |
2000 | 6.132 % | $ 9B 790M | $ 48B 988M | $ 1,302.46 | $ 6,517.49 | 7.35 % | 7M 516K people | -1.82 % | 0.347 % |
2001 | 6.879 % | $ 13B 9M | $ 53B 536M | $ 1,733.69 | $ 7,134.91 | 19.24 % | 7M 503K people | 1.944 % | 0.99 % |
2002 | 6.38 % | $ 17B 185M | $ 57B 837M | $ 2,291.26 | $ 7,711.60 | 15.23 % | 7M 500K people | -3.701 % | -2.17 % |
2003 | 4.388 % | $ 22B 515M | $ 61B 567M | $ 3,009.72 | $ 8,230.22 | 13.12 % | 7M 481K people | -6.782 % | -1.633 % |
2004 | 9.028 % | $ 26B 17M | $ 68B 930M | $ 3,486.09 | $ 9,236.07 | 13.62 % | 7M 463K people | -12.537 % | 1.223 % |
2005 | 5.53 % | $ 27B 496M | $ 75B 23M | $ 3,695.34 | $ 10,082.75 | 14.70 % | 7M 441K people | -8.009 % | 2.394 % |
2006 | 5.108 % | $ 32B 601M | $ 81B 287M | $ 4,398.83 | $ 10,967.61 | 12.66 % | 7M 412K people | -9.079 % | 0.458 % |
2007 | 6.44 % | $ 43B 395M | $ 88B 866M | $ 5,878.87 | $ 12,038.87 | 8.95 % | 7M 382K people | -16.035 % | -0.124 % |
2008 | 5.656 % | $ 52B 94M | $ 95B 700M | $ 7,087.45 | $ 13,020.08 | 6.55 % | 7M 350K people | -19.866 % | -3.822 % |
2009 | -2.732 % | $ 45B 156M | $ 93B 660M | $ 6,168.23 | $ 12,793.71 | 12.77 % | 7M 321K people | -5.89 % | -2.7 % |
2010 | 0.731 % | $ 41B 369M | $ 95B 492M | $ 5,673.62 | $ 13,096.41 | 11.59 % | 7M 291K people | -6.008 % | -2.433 % |
2011 | 2.036 % | $ 49B 280M | $ 99B 446M | $ 6,809.94 | $ 13,742.30 | 10.22 % | 7M 237K people | -8.107 % | -2.665 % |
2012 | -0.682 % | $ 43B 316M | $ 100B 311M | $ 6,014.91 | $ 13,929.19 | 8.47 % | 7M 201K people | -10.795 % | -4.57 % |
2013 | 2.893 % | $ 48B 394M | $ 104B 804M | $ 6,752.80 | $ 14,624.10 | 11.64 % | 7M 167K people | -5.741 % | -2.699 % |
2014 | -1.59 % | $ 47B 62M | $ 104B 531M | $ 6,598.94 | $ 14,657.08 | 10.93 % | 7M 132K people | -5.593 % | -3.085 % |
2015 | 1.806 % | $ 39B 656M | $ 105B 951M | $ 5,588.98 | $ 14,932.42 | 15.23 % | 7M 95K people | -3.453 % | -0.37 % |
2016 | 3.339 % | $ 40B 693M | $ 111B 920M | $ 5,765.20 | $ 15,856.45 | 15.16 % | 7M 58K people | -2.922 % | 1.787 % |