Serbia: Share of manufacturing

* indicates monthly or quarterly data series
 Serbia

Value added by the manufacturing sector as percent of GDP

 Latest value 13.51
 Year 2022
 Measure percent
 Data availability 1995 - 2022
 Average 17.93
 Min - Max 13.01 - 27.12
 Source The World Bank
For that indicator, we provide data for Serbia from 1995 to 2022. The average value for Serbia during that period was 17.93 percent with a minimum of 13.01 percent in 2021 and a maximum of 27.12 percent in 2000. The latest value from 2022 is 13.51 percent. For comparison, the world average in 2022 based on 150 countries is 12.87 percent. 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 values chart
Serbia - Share of manufacturing - Recent values chart

Historical chart
Serbia - Share of manufacturing - historical chart - 1995-2022




The importance of manufacturing in the economy of Serbia and other countries is measured as the value added of manufacturing as percent of GDP. Manufacturing is part of the industrial sector of the economy.
Definition: Manufacturing refers to industries belonging to ISIC divisions 15-37. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3. Note: For VAB countries, gross value added at factor cost is used as the denominator.


 Related indicators Latest value Reference Measure
 Share of industry 25.57 2022 percent
 Share of manufacturing 13.51 2022 percent
 Share of services 51.99 2022 percent
 Industry value added 16.25 2022 billion U.S. dollars
 Manufacturing value added 8.59 2022 billion U.S. dollars
 Services value added 33.05 2022 billion U.S. dollars
 Savings, percent of GDP 20.26 2022 percent
 Savings, in dollars 12.88 2022 billion U.S. dollars
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