Military expenditure in Serbia

Serbia: Military expenditure was 2.6% in 2024. ▼ Falling

Latest (2024)
2.6%
Change on year
up 17.5%
World rank
42nd
of 165 countries
All-time high
4.6%
in 2000
All-time low
1.7%
in 2015
Years of data
29
1996–2024

Military expenditure in Serbia, 1996–2024

0123451996201020241996: 3.2 % of GDP1997: 3.4 % of GDP1998: 3.1 % of GDP1999: 3.5 % of GDP2000: 4.6 % of GDP2001: 3.6 % of GDP2002: 3.8 % of GDP2003: 3.1 % of GDP2004: 2.8 % of GDP2005: 2.2 % of GDP2006: 2.1 % of GDP2007: 2.2 % of GDP2008: 2.1 % of GDP2009: 2.1 % of GDP2010: 2 % of GDP2011: 1.9 % of GDP2012: 1.9 % of GDP2013: 1.8 % of GDP2014: 1.9 % of GDP2015: 1.7 % of GDP2016: 1.9 % of GDP2017: 1.8 % of GDP2018: 2 % of GDP2019: 2.2 % of GDP2020: 2.3 % of GDP2021: 2.7 % of GDP2022: 2.2 % of GDP2023: 2.2 % of GDP2024: 2.6 % of GDP

Source: SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI). Measured in % of GDP.

Analysis

Serbia recorded 2.6% for military expenditure in 2024.

That represents a change of up 17.5% on the previous year and up 38.8% over ten years.

Over the whole period, military expenditure in Serbia peaked at 4.6% in 2000 and was at its lowest, 1.7%, in 2015.

That places Serbia 42nd out of 165 countries with data for 2024, putting it in the top quarter.

The long-run direction has been consistently falling across the 29 years of available data.

Military expenditure in Serbia, year by year

Annual values for Military expenditure (% of GDP) in Serbia, 1996 to 2024.
Year % of GDP Change
1996 3.2%
1997 3.4% +6.6%
1998 3.1% -9.2%
1999 3.5% +15.5%
2000 4.6% +30.3%
2001 3.6% -21.0%
2002 3.8% +4.2%
2003 3.1% -18.2%
2004 2.8% -11.1%
2005 2.2% -19.3%
2006 2.1% -4.7%
2007 2.2% +2.2%
2008 2.1% -5.3%
2009 2.1% +1.2%
2010 2.0% -3.4%
2011 1.9% -3.9%
2012 1.9% -0.4%
2013 1.8% -3.7%
2014 1.9% +1.2%
2015 1.7% -9.3%
2016 1.9% +9.6%
2017 1.8% -5.6%
2018 2.0% +15.0%
2019 2.2% +8.2%
2020 2.3% +5.2%
2021 2.7% +18.9%
2022 2.2% -20.4%
2023 2.2% +1.6%
2024 2.6% +17.5%

Averages by decade

DecadeAverage LowestHighest Years
1990s 3.3% 3.1% 3.5% 4
2000s 2.8% 2.1% 4.6% 10
2010s 1.9% 1.7% 2.2% 10
2020s 2.4% 2.2% 2.7% 5

Countries ranked near Serbia

  1. 39 Pakistan 2.7% compare
  2. 40 Timor-Leste 2.7% compare
  3. 41 Djibouti 2.6% compare
  4. 43 Lebanon 2.6% compare
  5. 44 Republic of Korea 2.6% compare
  6. 45 Central African Republic 2.5% compare

See the full ranking of 210 places →

More public sector data for Serbia

All data for Serbia →

Frequently asked questions

What is military expenditure in Serbia?
Military expenditure in Serbia was 2.6% 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 4.6% in 2000.
What is the lowest military expenditure recorded in Serbia?
The lowest recorded value was 1.7% in 2015.
How does Serbia rank for military expenditure?
Serbia ranks 42nd out of 165 countries with data for 2024.
Is military expenditure rising or falling in Serbia?
Over the last ten years it is up 38.8%. The long-run trend across the full record is falling.
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 (% of GDP). Statizoid updates them automatically from the source API.

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Military expenditure in Serbia. Statizoid, drawing on SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI). Retrieved 03 September 2026, from https://public-sector.statizoid.com/stat/military-expenditure-percent-of-gdp/serbia/

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About this data

Indicator
Military expenditure (% of GDP)
Unit
% of GDP
Source
SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI)
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
210 places, 10,550 data points, 1960–2024
Last refreshed

Military expenditure by country as percentage of gross domestic product