Budget balance — all countries

Budget balance — Serbia

Budget balance in Serbia in 2031 — -1.9%. Ranked 78 in the world out of 188. Since 2000, the indicator has fallen by 1.8 pp.

2031 -1.9% +0 pp vs 2030
World rank 78of 188
Period maximum 1.3%2017
Period minimum -6.9%2020

Trend over time

2000–2031 · % of GDP

Budget balance — Serbia, 2000–2031-7.5-5-2.502.52000200420082012201620202024202820312000: -0.1%2001: 0.3%2002: -2.3%2003: -2.4%2004: 0.1%2005: 1%2006: -0.9%2007: -0.8%2008: -4.3%2009: -3.3%2010: -3.3%2011: -3.8%2012: -6.1%2013: -4.8%2014: -5.6%2015: -3.2%2016: -1.1%2017: 1.3%2018: 0.8%2019: 0%2020: -6.9%2021: -3.2%2022: -0.1%2023: -1.2%2024: -1.7%2025: -2.2%2026: -2.9%2027: -2.9%2028: -2.5%2029: -2.4%2030: -1.9%2031: -1.9%
Change over the period: −1.8 pp Annual average: -0.06 pp

Comparison, 2031

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

Serbia -1.9%
World computed -4.85%
Europe & Central Asia computed -2.49%
Southern Europe computed -2.33%
Budget balance — Serbia, by year Serbia All countries CSV XLSX
Year % Change, pp
2031 -1.9 +0 pp
2030 -1.9 +0.5 pp
2029 -2.4 +0.1 pp
2028 -2.5 +0.4 pp
2027 -2.9 +0 pp
2026 -2.9 −0.7 pp
2025 -2.2 −0.5 pp
2024 -1.7 −0.5 pp
2023 -1.2 −1.1 pp
2022 -0.1 +3.1 pp
2021 -3.2 +3.7 pp
2020 -6.9 −6.9 pp
2019 0 −0.8 pp
2018 0.8 −0.5 pp
2017 1.3 +2.4 pp
2016 -1.1 +2.1 pp
2015 -3.2 +2.4 pp
2014 -5.6 −0.8 pp
2013 -4.8 +1.3 pp
2012 -6.1 −2.3 pp
2011 -3.8 −0.5 pp
2010 -3.3 +0 pp
2009 -3.3 +1 pp
2008 -4.3 −3.5 pp
2007 -0.8 +0.1 pp
2006 -0.9 −1.9 pp
2005 1 +0.9 pp
2004 0.1 +2.5 pp
2003 -2.4 −0.1 pp
2002 -2.3 −2.6 pp
2001 0.3 +0.4 pp
2000 -0.1

About the indicator

Net lending or net borrowing of general government as a percent of GDP — what is commonly called the budget deficit, taken with a plus sign when there is a surplus. General government includes regions, local authorities and extrabudgetary funds, so the quantity is fuller than the balance of the central budget alone. The IMF series runs with a forecast several years ahead.

Important: Negative values are deficits. Accumulated deficits are what government debt is, so the two indicators are worth looking at together: a country can live with a deficit for years and carry a small debt all the same, if its economy grows faster.

Source: World Economic Outlook (IMF), license IMF open data.