Serbia External Debt to GNI
External debt stocks as % of GNI DT.DOD.DECT.GN.ZS
Serbia's external debt to gni was 61.20% in 2025, ranked 32nd globally. This represents a 1.7% decrease from 2024. Data from World Bank, covering 1997–2025.
Overview
Serbia's external debt to gni stood at 61.20% in 2025, a decline of +1.05pp from 2024. Based on recent trends, this figure is projected to reach 61.20% by 2025. Serbia ranked 32nd globally.
Serbia's external debt to GNI ratio has experienced significant fluctuations over the past 29 years, with the all-time peak occurring in 2000 at 157.97% and the trough in 1997 at 39.06%, a mere 2% difference from the trough value. The country's external debt burden has remained elevated, with the latest available data showing a ratio of 61.20% in 2025, ranking it 32nd globally. This is comparable to its peer countries, such as Uzbekistan, which has a similar ratio of 61.79%. The trajectory of Serbia's external debt to GNI ratio has been marked by a general decline from the peak in 2000, with some periods of relative stability and others of more pronounced decrease. A continued improvement in the country's economic growth and a stable exchange rate could help to further reduce this ratio, potentially leading to a more favorable debt profile and increased investor confidence.
Data & projection
| Year | External Debt to GNI | YoY change | Rank |
|---|---|---|---|
| 2027* trend | 57.25% | - | - |
| 2026* trend | 59.22% | - | - |
| 2025* trend | 61.20% | - | - |
| 2025 | 61.20% | −1.05pp | #32 |
| 2024 | 62.25% | −2.93pp | #78 |
| 2023 | 65.18% | −5.29pp | #84 |
| 2022 | 70.47% | +4.55pp | #90 |
| 2021 | 65.92% | −5.82pp | #86 |
| 2020 | 71.74% | +8.32pp | #85 |
| 2019 | 63.42% | +1.58pp | #83 |
| 2018 | 61.84% | −9.90pp | #82 |
| 2017 | 71.73% | +1.95pp | #88 |
| 2016 | 69.78% | −6.87pp | #90 |
| 2015 | 76.66% | +8.83pp | #98 |
| 2014 | 67.83% | −5.54pp | #93 |
| 2013 | 73.37% | −5.28pp | #99 |
| 2012 | 78.65% | +14.50pp | #104 |
| 2011 | 64.15% | −12.99pp | #96 |
Detected Pattern
Analysis
Serbia matched the Stagflation Risk pattern in 2011. Historically, 38% of countries showing this pattern (117 out of 307) saw external debt to gni improve within 24 months. View full analysis →
Frequently Asked Questions
Serbia's external debt to gni was 61.20% in 2025. Ranked 32nd globally. This represents a 1.7% decrease from the previous year.
Serbia's external debt to gni peaked at 157.97% in 2000.
The lowest external debt to gni in Serbia was 39.06% in 1997.
Serbia ranks 32nd globally in external debt to gni as of 2025.
The World Bank indicator code is DT.DOD.DECT.GN.ZS. Data sourced from World Bank.
Serbia's external debt to gni is projected to reach 61.20% by 2025 based on trend extrapolation.
The external debt to gni of Serbia in 2025 was 61.20%. This ranks 32nd in the world.
Cite this page
@misc{historysaid_serbia_external-debt-to-gni,
title = {Serbia External Debt to GNI},
url = {https://historysaid.com/serbia/external-debt-to-gni/},
publisher = {HistorySaid},
year = {2026}
}