Vertical fiscal imbalance, Percent (Central government) in Serbia
Serbia: Vertical fiscal imbalance, Percent (Central government) was -0.2759 in 2020. ▼ Falling
Vertical fiscal imbalance, Percent in Serbia, 2007–2020
Source: International Monetary Fund.
Analysis
Serbia recorded -0.2759 for vertical fiscal imbalance, percent in 2020.
That represents a change of up 55.7% on the previous year and up 15.4% over ten years.
Over the whole period, vertical fiscal imbalance, percent in Serbia peaked at -0.2056 in 2012 and was at its lowest, -0.8397, in 2013.
That places Serbia 52nd out of 64 countries with data for 2020, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 14 years of available data.
Vertical fiscal imbalance, Percent (Central government) in Serbia, year by year
| Year | Value | Change |
|---|---|---|
| 2007 | -0.3559 | — |
| 2008 | -0.4263 | +19.8% |
| 2009 | -0.4576 | +7.3% |
| 2010 | -0.3261 | -28.7% |
| 2011 | -0.2865 | -12.1% |
| 2012 | -0.2056 | -28.2% |
| 2013 | -0.8397 | +308.4% |
| 2014 | -0.6811 | -18.9% |
| 2015 | -0.6438 | -5.5% |
| 2016 | -0.7386 | +14.7% |
| 2017 | -0.8051 | +9.0% |
| 2018 | -0.7488 | -7.0% |
| 2019 | -0.6224 | -16.9% |
| 2020 | -0.2759 | -55.7% |
Serbia compared with similar countries
- Serbia's -0.2759 is below the median for upper middle income countries, which is -0.0208, 13.3× the median. (26 countries reporting)
- Serbia's -0.2759 is below the median for Europe & Central Asia, which is -0.1454, 1.9× the median. (31 countries reporting)
Biggest year-on-year movements
Years where Vertical fiscal imbalance, Percent (Central government) in Serbia changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2013 | -308.4% | -0.2056 | -0.8397 |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -0.4132 | -0.4576 | -0.3559 | 3 |
| 2010s | -0.5898 | -0.8397 | -0.2056 | 10 |
| 2020s | -0.2759 | -0.2759 | -0.2759 | 1 |
Countries ranked near Serbia
- 49 Azerbaijan -0.2522 compare
- 50 South Africa -0.2585 compare
- 51 Uzbekistan -0.2646 compare
- 53 Austria -0.3456 compare
- 54 South Korea -0.3885 compare
- 55 Russia -0.4439 compare
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 vertical fiscal imbalance, percent in Serbia?
- Vertical fiscal imbalance, percent in Serbia was -0.2759 in 2020, according to International Monetary Fund.
- What is the highest vertical fiscal imbalance, percent recorded in Serbia?
- The highest recorded value was -0.2056 in 2012.
- What is the lowest vertical fiscal imbalance, percent recorded in Serbia?
- The lowest recorded value was -0.8397 in 2013.
- How does Serbia rank for vertical fiscal imbalance, percent?
- Serbia ranks 52nd out of 64 countries with data for 2020.
- Is vertical fiscal imbalance, percent rising or falling in Serbia?
- Over the last ten years it is up 15.4%. The long-run trend across the full record is falling.
- Where does this Serbia data come from?
- The figures come from International Monetary Fund, published as part of Vertical fiscal imbalance, Percent (Central government). Statizoid updates them automatically from the source API.
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About this data
The Fiscal Decentralization dataset includes fiscal decentralization indicators for a sample of IMF member countries. The following indicators are included in the dataset: Revenue and Expenditure Decentralization Shares; Transfer dependency and Vertical Fiscal Imbalances; Deficit and Debt; Allocation of expenditure (economic classification); Allocation of expenditure (functional classification); Allocation of non-Tax Revenues; and Allocation of Taxes.