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Serbia2023
Population, million6.7
GDP, current $ billion75.5
GDP per capita, current $11,270.8
Life Expectancy at Birth, years 72.7

Serbia’s economic growth accelerated in the second half of 2023, bringing GDP growth for the year to 2.5%, thanks to a better-than-expected performance of the agriculture and construction sectors, and a strong recovery of the energy sector, after the 2022 crisis. On the expenditure side, net exports and, to a lesser extent, consumption, were the main drivers of growth in 2023 while investment had a negative contribution. In 2024, growth is expected to accelerate further, with full-year economic growth expected to reach 3.5%. Over the medium term, the economy is projected to grow steadily at around 3-4% annually, supported by increases in consumption and investment, and a continued strong performance of exports. In 2023, poverty reduction continued due to strong economic growth and the incidence of poverty is estimated to have declined to 7.1%, down from 7.5% in 2022.

Last Updated: Apr 19, 2024

basic schools that received school improvement grants to support training, technical assistance, and outreach and evaluation cost.

LENDING

Serbia: Commitments by Fiscal Year (in millions of dollars)*

*Amounts include IBRD and IDA commitments
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Country Office Contacts

Belgrade, Serbia
Bulevar Kralja Aleksandra 86
11000 Belgrade, Serbia
+381 11 30 23 700