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%.
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.
Serbia GDP from 2000 to 2024
The total market value of goods and services produced annually in Serbia.
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 | Nominal GDP | GDP per Capita | PPP per Capita | PPP GDP | GDP Growth | Current Account | Savings | Fiscal Balance | Population |
|---|---|---|---|---|---|---|---|---|---|
1997 | $ 0 | $ 2,417.33 | $ 0 | $ 0 | 0 % | 0 % | 5.66 % | 0 % | 9M 777K people |
1998 | $ 0 | $ 1,895.42 | $ 0 | $ 0 | 0 % | 0 % | 3.99 % | 0 % | 9M 776K people |
1999 | $ 0 | $ 1,587.88 | $ 0 | $ 0 | -9.424 % | 0 % | 4.43 % | 0 % | 7M 540K people |
2000 | $ 9B 790M | $ 1,302.46 | $ 6,517.49 | $ 48B 988M | 6.132 % | -1.82 % | 7.35 % | 0.347 % | 7M 516K people |
2001 | $ 13B 9M | $ 1,733.69 | $ 7,134.91 | $ 53B 536M | 6.879 % | 1.944 % | 19.24 % | 0.99 % | 7M 503K people |
2002 | $ 17B 185M | $ 2,291.26 | $ 7,711.60 | $ 57B 837M | 6.38 % | -3.701 % | 15.23 % | -2.17 % | 7M 500K people |
2003 | $ 22B 515M | $ 3,009.72 | $ 8,230.22 | $ 61B 567M | 4.388 % | -6.782 % | 13.12 % | -1.633 % | 7M 481K people |
2004 | $ 26B 17M | $ 3,486.09 | $ 9,236.07 | $ 68B 930M | 9.028 % | -12.537 % | 13.62 % | 1.223 % | 7M 463K people |
2005 | $ 27B 496M | $ 3,695.34 | $ 10,082.75 | $ 75B 23M | 5.53 % | -8.009 % | 14.70 % | 2.394 % | 7M 441K people |
2006 | $ 32B 601M | $ 4,398.83 | $ 10,967.61 | $ 81B 287M | 5.108 % | -9.079 % | 12.66 % | 0.458 % | 7M 412K people |
2007 | $ 43B 395M | $ 5,878.87 | $ 12,038.87 | $ 88B 866M | 6.44 % | -16.035 % | 8.95 % | -0.124 % | 7M 382K people |
2008 | $ 52B 94M | $ 7,087.45 | $ 13,020.08 | $ 95B 700M | 5.656 % | -19.866 % | 6.55 % | -3.822 % | 7M 350K people |
2009 | $ 45B 156M | $ 6,168.23 | $ 12,793.71 | $ 93B 660M | -2.732 % | -5.89 % | 12.77 % | -2.7 % | 7M 321K people |
2010 | $ 41B 369M | $ 5,673.62 | $ 13,096.41 | $ 95B 492M | 0.731 % | -6.008 % | 11.59 % | -2.433 % | 7M 291K people |
2011 | $ 49B 280M | $ 6,809.94 | $ 13,742.30 | $ 99B 446M | 2.036 % | -8.107 % | 10.22 % | -2.665 % | 7M 237K people |
2012 | $ 43B 316M | $ 6,014.91 | $ 13,929.19 | $ 100B 311M | -0.682 % | -10.795 % | 8.47 % | -4.57 % | 7M 201K people |
2013 | $ 48B 394M | $ 6,752.80 | $ 14,624.10 | $ 104B 804M | 2.893 % | -5.741 % | 11.64 % | -2.699 % | 7M 167K people |
2014 | $ 47B 62M | $ 6,598.94 | $ 14,657.08 | $ 104B 531M | -1.59 % | -5.593 % | 10.93 % | -3.085 % | 7M 132K people |
2015 | $ 39B 656M | $ 5,588.98 | $ 14,932.42 | $ 105B 951M | 1.806 % | -3.453 % | 15.23 % | -0.37 % | 7M 95K people |
2016 | $ 40B 693M | $ 5,765.20 | $ 15,856.45 | $ 111B 920M | 3.339 % | -2.922 % | 15.16 % | 1.787 % | 7M 58K people |