Serbia Credit to GDP
Domestic credit to private sector as % of GDP FS.AST.PRVT.GD.ZS
Serbia's credit to gdp was 28.79% in 2025, ranked 105th globally. This represents a 11.8% decrease from 2024. Data from World Bank, covering 1997–2025.
Overview
Serbia's credit to gdp stood at 28.79% in 2025, a decline of +3.85% from 2024. Based on recent trends, this figure is projected to reach 28.79% by 2025. Serbia ranked 105th globally.
Serbia's credit to GDP ratio has fluctuated significantly over the past 29 years, with the latest figure standing at 28.79, ranking the country 105th globally. The ratio peaked in 2010 at 45.33, nearly three times the 1997 level of 19.60, indicating a substantial increase in credit availability during this period. However, the financial crisis of 2002 saw the ratio plummet to 14.54, its lowest point since 1997. Compared to its peer countries, Serbia's credit to GDP ratio is slightly lower than that of Burkina Faso, which ranked 29th with a ratio of 29.59. The upward trend observed from 1997 to 2010 suggests a positive correlation between credit and economic growth. However, the latest figure indicates a slight decline, suggesting a potential reversal in this trend. A decrease in interest rates or an improvement in the business climate could alter the trajectory of Serbia's credit to GDP ratio, leading to further economic growth.
Data & projection
| Year | Credit to GDP | YoY change | Rank |
|---|---|---|---|
| 2027* trend | 22.78% | - | - |
| 2026* trend | 25.78% | - | - |
| 2025* trend | 28.79% | - | - |
| 2025 | 28.79% | −3.85% | #105 |
| 2024 | 32.64% | −0.41% | #40 |
| 2023 | 33.04% | −5.34% | #57 |
| 2022 | 38.39% | −3.05% | #74 |
| 2021 | 41.43% | −2.02% | #79 |
| 2020 | 43.45% | +3.28% | #78 |
| 2019 | 40.17% | +0.45% | #83 |
| 2018 | 39.72% | +1.01% | #80 |
| 2017 | 38.71% | −0.69% | #77 |
| 2016 | 39.40% | +0.37% | #81 |
| 2015 | 39.03% | −0.06% | #78 |
| 2014 | 39.09% | −0.21% | #81 |
| 2013 | 39.30% | −5.42% | #85 |
| 2012 | 44.72% | +1.60% | #95 |
| 2011 | 43.12% | −2.20% | #95 |
Detected Pattern
Analysis
Serbia matched the Stagflation Risk pattern in 2011. Historically, 38% of countries showing this pattern (117 out of 307) saw credit to gdp improve within 24 months. View full analysis →
Frequently Asked Questions
Serbia's credit to gdp was 28.79% in 2025. Ranked 105th globally. This represents a 11.8% decrease from the previous year.
Serbia's credit to gdp peaked at 45.33% in 2010.
The lowest credit to gdp in Serbia was 14.54% in 2002.
Serbia ranks 105th globally in credit to gdp as of 2025.
The World Bank indicator code is FS.AST.PRVT.GD.ZS. Data sourced from World Bank.
Serbia's credit to gdp is projected to reach 28.79% by 2025 based on trend extrapolation.
The credit to gdp of Serbia in 2025 was 28.79%. This ranks 105th in the world.
Cite this page
@misc{historysaid_serbia_credit-to-gdp,
title = {Serbia Credit to GDP},
url = {https://historysaid.com/serbia/credit-to-gdp/},
publisher = {HistorySaid},
year = {2026}
}