Serbia: Energy use per $1000 GDP

The latest value from 2023 is 92.41 kilograms of oil equivalent, a decline from 99.02 kilograms of oil equivalent in 2022. In comparison, the world average is 89.89 kilograms of oil equivalent, based on data from 140 countries. Historically, the average for Serbia from 1995 to 2023 is 137.53 kilograms of oil equivalent. The minimum value, 92.41 kilograms of oil equivalent, was reached in 2023 while the maximum of 213.41 kilograms of oil equivalent was recorded in 1996. See the global rankings or world map for that indicator or use the country comparator to compare trends over time.

The energy use per $1000 of GDP for Serbia includes all types of energy, including imported and domestically produced. The measure tells us how energy intensive the economy is. Countries with more energy efficient production will have a lower energy use per $1000 GDP.

Definition: Energy use per PPP GDP is the kilogram of oil equivalent of energy use per constant PPP GDP. Energy use refers to use of primary energy before transformation to other end-use fuels, which is equal to indigenous production plus imports and stock changes, minus exports and fuels supplied to ships and aircraft engaged in international transport. PPP GDP is gross domestic product converted to 2021 constant international dollars using purchasing power parity rates. An international dollar has the same purchasing power over GDP as a U.S. dollar has in the United States.