Gross capital formation in US dollars — all countries

Gross capital formation in US dollars — Serbia

Gross capital formation in US dollars in Serbia in 2025 — 23,369,867,296 US$. Ranked 61 in the world out of 131. Since 1995, the indicator has risen by 890.1%.

2025 23.37B US$ +3.65% vs 2024
World rank 61of 131
Period maximum 23.37B US$2025
Period minimum 664M US$2000

Trend over time

1995–2025 · US$

Gross capital formation in US dollars — Serbia, 1995–2025010B20B30B199519982001200420072010201320162019202220251995: 2,360,451,977 US$1996: 3,087,821,229 US$1997: 3,732,523,722 US$1998: 1,821,150,855 US$1999: 1,609,612,829 US$2000: 664,035,500 US$2001: 2,004,698,293 US$2002: 3,115,914,551 US$2003: 4,338,278,453 US$2004: 6,673,707,722 US$2005: 6,175,277,079 US$2006: 7,235,301,389 US$2007: 11,176,642,973 US$2008: 14,050,409,612 US$2009: 8,712,484,056 US$2010: 7,542,365,838 US$2011: 9,302,043,816 US$2012: 8,484,095,743 US$2013: 8,639,781,632 US$2014: 8,092,985,774 US$2015: 7,645,930,563 US$2016: 7,671,073,803 US$2017: 9,065,106,021 US$2018: 11,876,801,689 US$2019: 13,426,650,210 US$2020: 13,464,237,841 US$2021: 16,503,644,585 US$2022: 17,627,258,819 US$2023: 20,023,714,909 US$2024: 22,545,915,430 US$2025: 23,369,867,296 US$
Change over the period: +21.01B (+890.06%) Average annual rate: 7.94 %

Comparison, 2025

How the value compares with the world and the groups this territory belongs to: Serbia

Serbia 23.37B US$
Southern Europe computed 1.19T US$
Upper-middle-income countries computed 2.69T US$
Gross capital formation in US dollars — Serbia, by year Serbia All countries CSV XLSX
Year US$ Change Change, %
2025 23.37B +824M +3.65%
2024 22.55B +2.52B +12.6%
2023 20.02B +2.4B +13.6%
2022 17.63B +1.12B +6.81%
2021 16.5B +3.04B +22.57%
2020 13.46B +37.59M +0.28%
2019 13.43B +1.55B +13.05%
2018 11.88B +2.81B +31.02%
2017 9.07B +1.39B +18.17%
2016 7.67B +25.14M +0.33%
2015 7.65B −447M −5.52%
2014 8.09B −547M −6.33%
2013 8.64B +156M +1.84%
2012 8.48B −818M −8.79%
2011 9.3B +1.76B +23.33%
2010 7.54B −1.17B −13.43%
2009 8.71B −5.34B −37.99%
2008 14.05B +2.87B +25.71%
2007 11.18B +3.94B +54.47%
2006 7.24B +1.06B +17.17%
2005 6.18B −498M −7.47%
2004 6.67B +2.34B +53.83%
2003 4.34B +1.22B +39.23%
2002 3.12B +1.11B +55.43%
2001 2B +1.34B +201.9%
2000 664M −946M −58.75%
1999 1.61B −212M −11.62%
1998 1.82B −1.91B −51.21%
1997 3.73B +645M +20.88%
1996 3.09B +727M +30.81%
1995 2.36B

About the indicator

Gross fixed capital formation and changes in inventories in current US dollars — what is commonly called investment in the economy. It covers the construction of buildings and structures, purchases of machinery and equipment, roads and networks, as well as the build-up of inventories. The word gross means that the wear of existing capital is not deducted: part of these outlays merely replaces what is retiring rather than adding to the stock.

Important: This concerns outlays on physical capital inside the country, not financial investment and not inflows of foreign capital.

Source: World Development Indicators (World Bank), license CC BY 4.0.