Goods and services expense in Serbia
Serbia: Goods and services 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 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% |
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
- Arms imports 153.00 million SIPRI trend indicator values (2024)
- 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)
- Arms imports (SIPRI trend indicator values), gaps filled 153.00 million SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 352.67 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0258 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 29.27 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 2.32 billion current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 4,983 SIPRI trend indicator values per square kilometre (2023)
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.