Taxes on goods and services (% of revenue) in Serbia
Serbia: Taxes on goods and services (% of revenue) was 40.9% in 2022. ▼ Falling
Taxes on goods and services in Serbia, 2007–2022
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of revenue.
Analysis
Serbia recorded 40.9% for taxes on goods and services in 2022.
That represents a change of up 2.6% on the previous year and down 11.0% over ten years.
Over the whole period, taxes on goods and services in Serbia peaked at 45.9% in 2012 and was at its lowest, 39.4%, in 2013.
That places Serbia 40th out of 156 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.
Taxes on goods and services (% of revenue) in Serbia, year by year
| Year | % of revenue | Change |
|---|---|---|
| 2007 | 42.7% | — |
| 2008 | 42.0% | -1.6% |
| 2009 | 43.5% | +3.6% |
| 2010 | 45.1% | +3.7% |
| 2011 | 45.6% | +1.1% |
| 2012 | 45.9% | +0.7% |
| 2013 | 39.4% | -14.1% |
| 2014 | 40.1% | +1.6% |
| 2015 | 41.1% | +2.6% |
| 2016 | 42.0% | +2.1% |
| 2017 | 41.3% | -1.6% |
| 2018 | 40.7% | -1.5% |
| 2019 | 40.4% | -0.7% |
| 2020 | 39.8% | -1.4% |
| 2021 | 39.8% | +0.0% |
| 2022 | 40.9% | +2.6% |
Serbia compared with similar countries
- Serbia's 40.9% is above the median for upper middle income countries, which is 34.9%, 1.2× the median. (48 countries reporting)
- Serbia's 40.9% is above the median for Europe & Central Asia, which is 31.1%, 1.3× the median. (48 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 42.7% | 42.0% | 43.5% | 3 |
| 2010s | 42.2% | 39.4% | 45.9% | 10 |
| 2020s | 40.2% | 39.8% | 40.9% | 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 taxes on goods and services in Serbia?
- Taxes on goods and services in Serbia was 40.9% in 2022, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest taxes on goods and services recorded in Serbia?
- The highest recorded value was 45.9% in 2012.
- What is the lowest taxes on goods and services recorded in Serbia?
- The lowest recorded value was 39.4% in 2013.
- How does Serbia rank for taxes on goods and services?
- Serbia ranks 40th out of 156 countries with data for 2022.
- Is taxes on goods and services rising or falling in Serbia?
- Over the last ten years it is down 11.0%. 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 Taxes on goods and services (% of revenue). Statizoid updates them automatically from the source API.
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About this data
General taxes on goods and services are taxes levied on the production, leasing, delivery, sale, purchase or other change of ownership of a wide range of goods and the provision of a wide range of services. This indicator is expressed as a percentage of revenue which includes all transactions that add to the amount of economic value of a unit or sector.