Military expenditure (current USD) in Serbia
Serbia: Military expenditure was 2.32 billion current USD in 2024. ▲ Rising
Latest (2024)
2.32 billion current USD
Change on year
up 29.3%
World rank
65th
of 168 countries
All-time high
2.32 billion current USD
in 2024
All-time low
0 current USD
in 1996
Years of data
29
1996–2024
Military expenditure in Serbia, 1996–2024
Source: SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI). Measured in current USD.
Analysis
In 2024, military expenditure in Serbia stood at 2.32 billion current USD. That is the highest value across all 29 years on record.
The figure is up 29.3% on the previous year and up 152.9% over ten years.
Over the whole period, military expenditure in Serbia peaked at 2.32 billion current USD in 2024 and was at its lowest, 0 current USD, in 1996.
Serbia ranks 65th of 168 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 29 years of available data.
Military expenditure in Serbia, year by year
| Year | current USD | Change |
|---|---|---|
| 1996 | 0 current USD | — |
| 1997 | 914.37 million current USD | — |
| 1998 | 642.12 million current USD | -29.8% |
| 1999 | 737.47 million current USD | +14.8% |
| 2000 | 337.08 million current USD | -54.3% |
| 2001 | 494.07 million current USD | +46.6% |
| 2002 | 678.51 million current USD | +37.3% |
| 2003 | 730.57 million current USD | +7.7% |
| 2004 | 739.17 million current USD | +1.2% |
| 2005 | 629.50 million current USD | -14.8% |
| 2006 | 705.06 million current USD | +12.0% |
| 2007 | 971.57 million current USD | +37.8% |
| 2008 | 1.11 billion current USD | +14.4% |
| 2009 | 974.29 million current USD | -12.4% |
| 2010 | 872.34 million current USD | -10.5% |
| 2011 | 986.96 million current USD | +13.1% |
| 2012 | 865.07 million current USD | -12.3% |
| 2013 | 932.20 million current USD | +7.8% |
| 2014 | 918.56 million current USD | -1.5% |
| 2015 | 700.19 million current USD | -23.8% |
| 2016 | 784.58 million current USD | +12.1% |
| 2017 | 796.45 million current USD | +1.5% |
| 2018 | 1.06 billion current USD | +33.7% |
| 2019 | 1.18 billion current USD | +10.7% |
| 2020 | 1.28 billion current USD | +8.8% |
| 2021 | 1.81 billion current USD | +41.4% |
| 2022 | 1.45 billion current USD | -19.9% |
| 2023 | 1.80 billion current USD | +23.8% |
| 2024 | 2.32 billion current USD | +29.3% |
Serbia compared with similar countries
- Serbia's 2.32 billion current USD is above the median for upper middle income countries, which is 1.38 billion current USD, 1.7× the median. (48 countries reporting)
- Serbia's 2.32 billion current USD is below the median for Europe & Central Asia, which is 2.63 billion current USD, 88% of the median. (49 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 573.49 million current USD | 0 current USD | 914.37 million current USD | 4 |
| 2000s | 737.15 million current USD | 337.08 million current USD | 1.11 billion current USD | 10 |
| 2010s | 909.97 million current USD | 700.19 million current USD | 1.18 billion current USD | 10 |
| 2020s | 1.73 billion current USD | 1.28 billion current USD | 2.32 billion current USD | 5 |
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)
- Universal right to vote in practice, annual growth rate 0 % change on previous year (2025)
- Elected parliament, annual growth rate 0 % change on previous year (2025)
- Universal right to vote, annual growth rate 0 % change on previous year (2025)
- Men's universal right to vote, annual growth rate 0 % change on previous year (2025)
- Democracy 3 (2025)
- Chief executive of the government is elected 1 (2025)
- Elected parliament 1 (2025)
- Men's universal right to vote 1 (2025)
Frequently asked questions
- What is military expenditure in Serbia?
- Military expenditure in Serbia was 2.32 billion current USD in 2024, according to SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI).
- What is the highest military expenditure recorded in Serbia?
- The highest recorded value was 2.32 billion current USD in 2024.
- What is the lowest military expenditure recorded in Serbia?
- The lowest recorded value was 0 current USD in 1996.
- How does Serbia rank for military expenditure?
- Serbia ranks 65th out of 168 countries with data for 2024.
- Is military expenditure rising or falling in Serbia?
- Over the last ten years it is up 152.9%. The long-run trend across the full record is rising.
- Where does this Serbia data come from?
- The figures come from SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI), published as part of Military expenditure (current USD). Statizoid updates them automatically from the source API.
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About this data
Military spending USD, in current prices (converted at the exchange rate for the given year)