Goods and services expense (% of expense) in Serbia
Serbia: Goods and services expense (% of expense) was 12.7% in 2022. ▼ Falling
Goods and services expense in Serbia, 2007–2022
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of expense.
Analysis
Serbia recorded 12.7% for goods and services expense in 2022.
That represents a change of up 1.1% on the previous year and up 1.6% over ten years.
Over the whole period, goods and services expense in Serbia peaked at 15.3% in 2007 and was at its lowest, 8.5%, in 2014.
That places Serbia 89th out of 154 countries with data for 2022, putting it in the middle of the range.
The long-run direction has been consistently falling across the 16 years of available data.
Goods and services expense (% of expense) in Serbia, year by year
| Year | % of expense | Change |
|---|---|---|
| 2007 | 15.3% | — |
| 2008 | 13.3% | -12.6% |
| 2009 | 13.4% | +0.4% |
| 2010 | 13.3% | -0.6% |
| 2011 | 12.9% | -2.9% |
| 2012 | 12.5% | -3.7% |
| 2013 | 8.8% | -29.4% |
| 2014 | 8.5% | -3.8% |
| 2015 | 9.0% | +6.1% |
| 2016 | 9.6% | +7.0% |
| 2017 | 10.2% | +5.8% |
| 2018 | 11.0% | +8.7% |
| 2019 | 11.6% | +4.9% |
| 2020 | 11.3% | -2.3% |
| 2021 | 12.5% | +10.5% |
| 2022 | 12.7% | +1.1% |
Serbia compared with similar countries
- Serbia's 12.7% is below the median for upper middle income countries, which is 15.2%, 83% of the median. (46 countries reporting)
- Serbia's 12.7% is above the median for Europe & Central Asia, which is 9.0%, 1.4× the median. (47 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 14.0% | 13.3% | 15.3% | 3 |
| 2010s | 10.7% | 8.5% | 13.3% | 10 |
| 2020s | 12.2% | 11.3% | 12.7% | 3 |
Countries ranked near Serbia
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 12.7% 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 15.3% in 2007.
- What is the lowest goods and services expense recorded in Serbia?
- The lowest recorded value was 8.5% in 2014.
- How does Serbia rank for goods and services expense?
- Serbia ranks 89th out of 154 countries with data for 2022.
- Is goods and services expense rising or falling in Serbia?
- Over the last ten years it is up 1.6%. The long-run trend across the full record is falling.
- 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 (% of expense). 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 own account capital formation is excluded. This indicator is expressed as percentage of total expenses which is any decrease in net worth resulting from a transaction.