Serbia: Tax revenue

* indicates monthly or quarterly data series
 Serbia

Tax revenue, percent of GDP

 Latest value 20.61
 Year 2021
 Measure percent
 Data availability 2007 - 2021
 Average 21.64
 Min - Max 18.55 - 24.07
 Source The World Bank
For that indicator, we provide data for Serbia from 2007 to 2021. The average value for Serbia during that period was 21.64 percent with a minimum of 18.55 percent in 2012 and a maximum of 24.07 percent in 2017. The latest value from 2021 is 20.61 percent. For comparison, the world average in 2021 based on 105 countries is 17.49 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.
Select indicator
* indicates monthly or quarterly data series


Recent values chart
Serbia - Tax revenue - Recent values chart

Historical chart
Serbia - Tax revenue - historical chart - 2007-2021




Definition: Tax revenue refers to compulsory transfers to the central government for public purposes. Certain compulsory transfers such as fines, penalties, and most social security contributions are excluded. Refunds and corrections of erroneously collected tax revenue are treated as negative revenue.


 Related indicators Latest value Reference Measure
 Government spending, percent of GDP 16.18 2022 percent
 Government spending, in dollars 10.29 2022 billion U.S. dollars
 Fiscal balance, percent of GDP -3.10 2022 percent
 Government debt 52.70 2023 percent
 Government expenditure 318.01 Q3/2023 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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