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
For that indicator, we provide data for Serbia from 2005 to 2023. The average value for Serbia during that period was -2.95 percent with a minimum of -8.05 percent in 2020 and a maximum of 1.1 percent in 2005. The latest value from 2023 is -2.2 percent. For comparison, the world average in 2023 based on 112 countries is -3.16 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 - Fiscal balance, percent of GDP - Recent values chart

Historical chart
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.

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 Related indicators Latest value 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 317.95 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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