Serbia: Monetary freedom

* indicates monthly or quarterly data series
 Serbia

Monetary freedom index (0-100)

 Latest value 78.6
 Year 2023
 Measure points
 Data availability 2002 - 2023
 Average 70.17
 Min - Max 34.2 - 82.9
 Source The Heritage Foundation
For that indicator, we provide data for Serbia from 2002 to 2023. The average value for Serbia during that period was 70.17 points with a minimum of 34.2 points in 2003 and a maximum of 82.9 points in 2018. The latest value from 2023 is 78.6 points. For comparison, the world average in 2023 based on 176 countries is 72.44 points. 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 - Monetary freedom - recent values

Historical chart
Serbia - Monetary freedom - historical chart - 2002-2023




The Monetary Freedom index for Serbia from The Heritage Foundation reflects the stability of prices in Serbia and the use of price controls by the government. Price stability with minimal price controls is the ideal state for the free market.
Definition: The score for the Monetary freedom index is based on two factors: the weighted average inflation rate for the most recent three years and price controls. Higher index values denote price stability without microeconomic intervention.


 Related indicators Latest value Reference Measure
 Property rights 59 2023 points
 Freedom from corruption 38 2023 points
 Fiscal freedom 74 2023 points
 Business freedom 74 2023 points
 Labor freedom 68 2023 points
 Monetary freedom 78.60 2023 points
 Trade freedom 76 2023 points
 Investment freedom 70 2023 points
 Financial freedom 50 2023 points
 Economic freedom, overall index 64 2023 index points
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