Goods and services expense (current LCU) in Serbia
Serbia: Goods and services expense (current LCU) was 334.69 billion current LCU in 2022. ▲ Rising
Goods and services expense in Serbia, 2007–2022
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
In 2022, goods and services expense in Serbia stood at 334.69 billion current LCU. That is the highest value across all 16 years on record.
The figure is up 7.9% on the previous year and up 91.2% over ten years.
Over the whole period, goods and services expense in Serbia peaked at 334.69 billion current LCU in 2022 and was at its lowest, 132.41 billion current LCU, in 2007.
That places Serbia 40th out of 155 countries with data for 2022, putting it in the middle of the range.
The long-run direction has been consistently rising across the 16 years of available data.
Goods and services expense (current LCU) in Serbia, year by year
| Year | current LCU | Change |
|---|---|---|
| 2007 | 132.41 billion current LCU | — |
| 2008 | 139.28 billion current LCU | +5.2% |
| 2009 | 146.76 billion current LCU | +5.4% |
| 2010 | 158.28 billion current LCU | +7.8% |
| 2011 | 165.62 billion current LCU | +4.6% |
| 2012 | 175.08 billion current LCU | +5.7% |
| 2013 | 147.79 billion current LCU | -15.6% |
| 2014 | 150.19 billion current LCU | +1.6% |
| 2015 | 157.48 billion current LCU | +4.9% |
| 2016 | 170.51 billion current LCU | +8.3% |
| 2017 | 181.85 billion current LCU | +6.6% |
| 2018 | 205.47 billion current LCU | +13.0% |
| 2019 | 234.75 billion current LCU | +14.2% |
| 2020 | 277.65 billion current LCU | +18.3% |
| 2021 | 310.15 billion current LCU | +11.7% |
| 2022 | 334.69 billion current LCU | +7.9% |
Serbia compared with similar countries
- Serbia's 334.69 billion current LCU is above the median for upper middle income countries, which is 38.49 billion current LCU, 8.7× the median. (46 countries reporting)
- Serbia's 334.69 billion current LCU is above the median for Europe & Central Asia, which is 17.80 billion current LCU, 18.8× the median. (48 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 139.48 billion current LCU | 132.41 billion current LCU | 146.76 billion current LCU | 3 |
| 2010s | 174.70 billion current LCU | 147.79 billion current LCU | 234.75 billion current LCU | 10 |
| 2020s | 307.50 billion current LCU | 277.65 billion current LCU | 334.69 billion current LCU | 3 |
Countries ranked near Serbia
- 37 United States 467.27 billion current LCU compare
- 38 Bangladesh 433.94 billion current LCU compare
- 39 Congo 359.00 billion current LCU compare
- 41 Burkina Faso 313.60 billion current LCU compare
- 42 Saudi Arabia 313.02 billion current LCU compare
- 43 Iceland 300.99 billion current LCU compare
More public sector data for Serbia
- Democracy, annual growth rate 0 % change on previous year (2025)
- Chief executive of the government is elected, annual growth rate 0 % change on previous year (2025)
- Elected parliament, annual growth rate 0 % change on previous year (2025)
- Men's universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote in practice, annual growth rate 0 % change on previous year (2025)
- Arms imports 146.00 million SIPRI trend indicator values (2025)
- Arms imports (SIPRI trend indicator values), per capita 23.23 SIPRI trend indicator values per person (2024)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0017 SIPRI trend indicator values per US$ of GDP (2024)
- Arms imports (SIPRI trend indicator values), annual growth rate -63.48 % change on previous year (2024)
Frequently asked questions
- What is goods and services expense in Serbia?
- Goods and services expense in Serbia was 334.69 billion current LCU in 2022, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest goods and services expense recorded in Serbia?
- The highest recorded value was 334.69 billion current LCU in 2022.
- What is the lowest goods and services expense recorded in Serbia?
- The lowest recorded value was 132.41 billion current LCU in 2007.
- How does Serbia rank for goods and services expense?
- Serbia ranks 40th out of 155 countries with data for 2022.
- Is goods and services expense rising or falling in Serbia?
- Over the last ten years it is up 91.2%. The long-run trend across the full record is rising.
- Where does this Serbia data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Goods and services expense (current LCU). Statizoid updates them automatically from the source API.
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About this data
Goods and services include all government payments in exchange for goods and services used for the production of market and nonmarket goods and services. Use of goods and services for account capital formation is excluded. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.