Serbia: Taxes on goods and services

* indicates monthly or quarterly data series
 Serbia

Taxes on goods and services, percent of total revenue

 Latest value 39.84
 Year 2021
 Measure percent
 Data availability 2007 - 2021
 Average 41.97
 Min - Max 39.44 - 45.91
 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 41.97 percent with a minimum of 39.44 percent in 2013 and a maximum of 45.91 percent in 2012. The latest value from 2021 is 39.84 percent. For comparison, the world average in 2021 based on 104 countries is 33.72 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 - Taxes on goods and services - recent values

Historical chart
Serbia - Taxes on goods and services - historical chart - 2007-2021




Definition: Taxes on goods and services include general sales and turnover or value added taxes, selective excises on goods, selective taxes on services, taxes on the use of goods or property, taxes on extraction and production of minerals, and profits of fiscal monopolies.


 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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