Taxes on goods and services (% value added of industry and services) in Serbia
Serbia: Taxes on goods and services (% value added of industry and services) was 20.1% in 2022. ▲ Rising
Taxes on goods and services in Serbia, 2007–2022
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % value added of industry and services.
Analysis
In 2022, taxes on goods and services in Serbia stood at 20.1%.
Compared with earlier readings it is up 13.7% on the previous year and up 9.1% over ten years.
Over the whole period, taxes on goods and services in Serbia peaked at 20.8% in 2016 and was at its lowest, 17.7%, in 2021.
That places Serbia 6th out of 154 countries with data for 2022, putting it in the top 10%.
The long-run direction has been consistently rising across the 16 years of available data.
Taxes on goods and services (% value added of industry and services) in Serbia, year by year
| Year | % value added of industry and services | Change |
|---|---|---|
| 2007 | 19.1% | — |
| 2008 | 18.8% | -1.4% |
| 2009 | 18.6% | -1.2% |
| 2010 | 19.3% | +3.7% |
| 2011 | 18.4% | -4.3% |
| 2012 | 18.4% | -0.3% |
| 2013 | 18.0% | -2.2% |
| 2014 | 19.2% | +6.5% |
| 2015 | 19.9% | +3.6% |
| 2016 | 20.8% | +4.9% |
| 2017 | 20.7% | -0.7% |
| 2018 | 20.3% | -2.0% |
| 2019 | 20.4% | +0.8% |
| 2020 | 20.1% | -1.6% |
| 2021 | 17.7% | -12.2% |
| 2022 | 20.1% | +13.7% |
Serbia compared with similar countries
- Serbia's 20.1% is above the median for upper middle income countries, which is 9.8%, 2.0× the median. (48 countries reporting)
- Serbia's 20.1% is above the median for Europe & Central Asia, which is 13.0%, 1.5× the median. (48 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 18.8% | 18.6% | 19.1% | 3 |
| 2010s | 19.5% | 18.0% | 20.8% | 10 |
| 2020s | 19.3% | 17.7% | 20.1% | 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 20.1% 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 20.8% in 2016.
- What is the lowest taxes on goods and services recorded in Serbia?
- The lowest recorded value was 17.7% in 2021.
- How does Serbia rank for taxes on goods and services?
- Serbia ranks 6th out of 154 countries with data for 2022.
- Is taxes on goods and services rising or falling in Serbia?
- Over the last ten years it is up 9.1%. 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 Taxes on goods and services (% value added of industry and services). 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 value added in industry and services which is the contribution to the economy by industries in ISIC (Rev. 3) divisions 05-43 and 50-99.