GDP deflator — all countries

GDP deflator — Serbia

GDP deflator in Serbia in 2025 — 4.49%. Ranked 123 in the world out of 186. Since 1996, the indicator has fallen by 81.1 pp.

2025 4.49% −1.86 pp vs 2024
World rank 123of 186
Period maximum 85.58%1996
Period minimum 1.54%2016

Trend over time

1996–2025 · % per year

GDP deflator — Serbia, 1996–20250255075100199619992002200520082011201420172020202320251996: 85.58%1997: 17.9%1998: 24.58%1999: 28.87%2000: 79.22%2001: 84.15%2002: 19.1%2003: 12.53%2004: 8.13%2005: 13.89%2006: 13.84%2007: 8.83%2008: 9.5%2009: 8.44%2010: 4.95%2011: 11%2012: 6.04%2013: 7.8%2014: 2.91%2015: 2.17%2016: 1.54%2017: 3%2018: 2%2019: 2.35%2020: 2.65%2021: 5.68%2022: 10.46%2023: 13.93%2024: 6.35%2025: 4.49%
Change over the period: −81.1 pp Annual average: -2.8 pp

Comparison, 2025

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

Serbia 4.49%
World 3.33%
Southern Europe computed 2.61%
GDP deflator — Serbia, by year Serbia All countries CSV XLSX
Year % Change, pp
2025 4.49 −1.86 pp
2024 6.35 −7.58 pp
2023 13.93 +3.47 pp
2022 10.46 +4.77 pp
2021 5.68 +3.03 pp
2020 2.65 +0.3 pp
2019 2.35 +0.35 pp
2018 2 −1 pp
2017 3 +1.45 pp
2016 1.54 −0.63 pp
2015 2.17 −0.74 pp
2014 2.91 −4.89 pp
2013 7.8 +1.76 pp
2012 6.04 −4.96 pp
2011 11 +6.05 pp
2010 4.95 −3.49 pp
2009 8.44 −1.06 pp
2008 9.5 +0.67 pp
2007 8.83 −5.01 pp
2006 13.84 −0.05 pp
2005 13.89 +5.76 pp
2004 8.13 −4.4 pp
2003 12.53 −6.57 pp
2002 19.1 −65.05 pp
2001 84.15 +4.93 pp
2000 79.22 +50.35 pp
1999 28.87 +4.29 pp
1998 24.58 +6.68 pp
1997 17.9 −67.68 pp
1996 85.58

About the indicator

The annual change in the GDP deflator — the ratio of GDP in current prices to GDP in constant prices. Unlike the consumer price index it covers the prices of all final goods and services, including investment and export goods, but not imported ones. For commodity exporters the GDP deflator can diverge sharply from consumer inflation, following world prices.

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