Serbia: Government spending, percent of GDP
* indicates monthly or quarterly data series
Serbia |
Government spending as percent of GDP |
---|---|
Latest value | 16.18 |
Year | 2022 |
Measure | percent |
Data availability | 1995 - 2022 |
Average | 19.07 |
Min - Max | 16.00 - 24.19 |
Source | The World Bank |
The latest value from 2022 is 16.18 percent, a decline from 16.84 percent in 2021. In comparison, the world average is 16.25 percent, based on data from 143 countries. Historically, the average for Serbia from 1995 to 2022 is 19.07 percent. The minimum value, 16 percent, was reached in 2016 while the maximum of 24.19 percent was recorded in 2003.
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The government size of Serbia and other countries is calculated as the total government spending as percent of GDP.
Definition: General government final consumption expenditure (formerly general government consumption) includes all government current expenditures for purchases of goods and services (including compensation of employees). It also includes most expenditures on national defense and security, but excludes government military expenditures that are part of government capital formation.
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Related indicators | Latest | Reference | Measure |
---|---|---|---|
Government spending, percent of GDP | 16.18 | 2022 | percent |
Government spending, in dollars | 11.92 | 2023 | billion U.S. dollars |
Fiscal balance, percent of GDP | -2.20 | 2023 | percent |
Government debt | 52.70 | 2023 | percent |
Government expenditure | 372.24 | Q2/2024 | billion |
Tax revenue | 20.61 | 2021 | percent |
Commercial tax rate | 36.60 | 2019 | percent |
Tax preparation time | 226 | 2019 | hours |
Number of taxes | 33 | 2019 | taxes |
Taxes on goods and services | 39.84 | 2021 | percent |
Taxes on international trade | 2.26 | 2021 | percent |
Income and profits taxes | 14.28 | 2021 | percent |
Foreign aid | 533.07 | 2021 | million U.S. dollars |