Serbia: Fiscal balance, percent of GDP

* indicates monthly or quarterly data series
 Serbia

Fiscal balance, percent of GDP

 Latest value -2.20
 Year 2023
 Measure percent
 Data availability 2005 - 2023
 Average -2.95
 Min - Max -8.05 - 1.10
 Source National Bank of Serbia
The latest value from 2023 is -2.2 percent, an increase from -3.2 percent in 2022. In comparison, the world average is -2.86 percent, based on data from 142 countries. Historically, the average for Serbia from 2005 to 2023 is -2.95 percent. The minimum value, -8.05 percent, was reached in 2020 while the maximum of 1.1 percent was recorded in 2005. 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 - Fiscal balance, percent of GDP - Recent values chart

Historical series
Serbia - Fiscal balance, percent of GDP - historical chart - 2005-2023




Definition: The fiscal (budget) balance is the difference between government revenue and government expenditure. We express the value as percent of GDP to relate it to the size of the economy.

Selected articles from our guide:

What factors determine the exchange rates

International lending and sovereign debt

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 Related indicators Latest Reference Measure
 Government spending, percent of GDP 15.86 2023 percent
 Government spending, in dollars 13.93 2023 billion U.S. dollars
 Fiscal balance, percent of GDP -2.20 2023 percent
 Government debt 52.70 2023 percent
 Government expenditure 418.87 Q3/2024 billion
 Tax revenue 25.11 2022 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 59.07 2022 percent
 Taxes on international trade 3.92 2022 percent
 Income and profits taxes 25.44 2022 percent
 Foreign aid 510.13 2022 million U.S. dollars
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