Tax revenue (% of GDP) in Serbia
Serbia: Tax revenue (% of GDP) was 23.9% in 2022. ▲ Rising
Tax revenue in Serbia, 2007–2022
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
Serbia recorded 23.9% for tax revenue in 2022. That is the highest value across all 16 years on record.
The figure is up 21.5% on the previous year and up 34.1% over ten years.
Over the whole period, tax revenue in Serbia peaked at 23.9% in 2022 and was at its lowest, 17.8%, in 2012.
That places Serbia 22nd out of 157 countries with data for 2022, putting it in the top quarter.
The long-run direction has been consistently rising across the 16 years of available data.
Tax revenue (% of GDP) in Serbia, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2007 | 20.5% | — |
| 2008 | 20.4% | -0.6% |
| 2009 | 19.2% | -5.5% |
| 2010 | 19.4% | +1.0% |
| 2011 | 18.3% | -5.8% |
| 2012 | 17.8% | -2.7% |
| 2013 | 20.0% | +12.2% |
| 2014 | 21.1% | +5.3% |
| 2015 | 21.5% | +2.0% |
| 2016 | 22.4% | +4.6% |
| 2017 | 23.1% | +3.0% |
| 2018 | 22.6% | -2.1% |
| 2019 | 23.0% | +1.6% |
| 2020 | 22.4% | -2.5% |
| 2021 | 19.7% | -12.3% |
| 2022 | 23.9% | +21.5% |
Serbia compared with similar countries
- Serbia's 23.9% is above the median for upper middle income countries, which is 17.0%, 1.4× the median. (48 countries reporting)
- Serbia's 23.9% is above the median for Europe & Central Asia, which is 20.8%, 1.1× the median. (48 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 20.0% | 19.2% | 20.5% | 3 |
| 2010s | 20.9% | 17.8% | 23.1% | 10 |
| 2020s | 22.0% | 19.7% | 23.9% | 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 tax revenue in Serbia?
- Tax revenue in Serbia was 23.9% in 2022, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest tax revenue recorded in Serbia?
- The highest recorded value was 23.9% in 2022.
- What is the lowest tax revenue recorded in Serbia?
- The lowest recorded value was 17.8% in 2012.
- How does Serbia rank for tax revenue?
- Serbia ranks 22nd out of 157 countries with data for 2022.
- Is tax revenue rising or falling in Serbia?
- Over the last ten years it is up 34.1%. 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 Tax revenue (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Taxes are compulsory, unrequited payments, in cash or in kind, made by institutional units to government units. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.