Serbia

Serbia's economy has grown 13.6 times since 2000, from US$7.3 billion to US$100.0 billion in 2025, lifting it from 103rd to 77th. It held 77th, unchanged from 2024, between Luxembourg and Côte d'Ivoire.

Most of the latest dollar gain came from the currency, not output. US$ GDP rose 11.0% from US$90.1 billion while real growth was +2.0%, a gap of 8.9 percentage points that was mostly exchange-rate and price effects. Inflation was 3.9% and unemployment 7.1%.

Services make up 59.7% of output and industry 22.3%, with agriculture at 3.3%. Manufacturing accounted for 12.7% of GDP as of 2024. With a population of 6.5 million, GDP per capita is US$15,262, 70th of 196, and $33,910 international dollars in PPP terms, 71st. Government gross debt stands at 42.2% of GDP, according to the IMF. The IMF projects GDP of US$145.4 billion by 2030, up 45%, which would place Serbia 74th.