Macro Index Overview / Europe & Central Asia / SRB
Serbia ยท Year 2023
Country:
Year:
Sovereign Economic Dossier ISO: SRB RS

Serbia

Montenegro declared independence from Serbia and Montenegro on June 3, 2006. Where available, data for each country are shown separately. However, for Serbia, some indicators, such as those series for which data appear only for Serbia and not Montenegro--e.g., aid, environment, external debt, balance of payments, various social indicators excluding population--continue to include data for Montenegro through 2005. Moreover, data from 1999 onward for Serbia for most indicators exclude data for Kosovo, 1999 being the year when Kosovo became a territory under international administration pursuant to UN Security Council Resolution 1244 (1999); any exceptions are noted. Kosovo became a World Bank member on June 29, 2009; available data are shown separately for Kosovo. In 2011, the Statistical Office of Serbia improved the methodology of national accounts data for 2003 onward. Specifically, the classification of sectors was revised.

Europe & Central Asia Upper middle income Blocs: Other Belgrade

Global Rank (2023)

#126 / 205

Top 61% of global economies

Composite Score (2023)

53.2 / 100

Living Standard (2023)

$8,208

Subscore: 58.07 / 100

CPI Inflation (2023)

12.37%

Stability Score: 53.14 / 100

4-Pillar Structural Health Diagnostic (2023)

Harmonized subscores evaluating Output, Productivity, Inflation Stability, and External Buffer

Benchmark Weights: 35 / 25 / 25 / 15
Living Standards (35%) 58.07

Raw: $8,208 (2015 USD)

Price Stability (25%) 53.14

Raw: 12.37% (Anchor: 3.0%)

External Solvency (25%) 42.02

Raw: -2.39% of GDP

Economic Scale (15%) 60.37

Raw: $81.3B Current USD

Optimal Component Weights & Peak Rank Frontier (2023)

Scale & Aggregate Power Oriented

What we are doing here: We simulate an automated mathematical simplex across all 286 valid permutations of weights for the 4 pillars (summing to 100%) against every competing sovereign country in 2023. This discovers which weighting system maximizes Serbia's global competitive ranking by accentuating its comparative strengths.

Peak Rank #75 / 205
Default Rank #126
+51 Ranks
Living Standards 10%
Baseline: 35%
Price Stability 0%
Baseline: 25%
External Solvency 0%
Baseline: 25%
Economic Scale 90%
Baseline: 15%

Policy Insight & Strategic Advantage: Serbia's macroeconomic footprint is heavily amplified by its aggregate GDP size relative to global peers.

Under this bespoke weighting, Serbia's composite score climbs to 60.1 (compared to 53.2 under standard multilateral weighting).

Longitudinal Trajectory & Peer Comparison Sandbox (1960โ€“2025)

Tracking Serbia's multi-decade trajectory overlaid with peer benchmark economies in Year 2023

Active Comparisons:
Serbia (SRB)
India (IND)
China (CHN)
United States (USA)
Germany (DEU)
Observation Year 2023 โ€ข Global Rank: #126 / 205 โ€ข Composite Score: 53.2 / 100 โ€ข Living Standard: $8,208 โ€ข Inflation: 12.37%
#1#50#100#150#20019601970198019902000201020202025#126
Hover or click any node along the curve to inspect that historical year in real time
Primary: Serbia Peers (Dashed)

Cross-Sectional Benchmark Standing in Year 2023

5 economies compared ยท Ordered by Global Rank
CountryRank (2023)Composite ScoreGDP per CapitaCPI InflationCurrent Account (% GDP)Nominal GDP ($)
Germany (DEU) #1681.1$44,3695.95%5.50%$4562.2B
United States (USA) #1780.0$65,6674.12%-3.34%$27811.5B
China (CHN) #3772.3$12,4840.23%1.41%$18270.4B
India (IND) #9359.5$2,2305.65%-0.91%$3500.9B
Serbia (SRB) Active#12653.2$8,20812.37%-2.39%$81.3B

Decade-by-Decade Historical Milestones (1970โ€“2023)

Visualizing seminal macroeconomic shifts, shocks, and structural transitions for Serbia

Metric:
Selected Era: 2023 ยท Click any node to select
1007550250โ€”19701970sโ€”19801980sโ€”19901990s34.920002000s55.220102010s60.520202020s53.22023Recent