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. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series


Recent data
Serbia - Government spending, percent of GDP - Recent values chart

Historical series
Serbia - Government spending, percent of GDP - historical chart - 1995-2022




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
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