Serbia GDP Deflator
Inflation as measured by annual growth rate of GDP implicit deflator NY.GDP.DEFL.KD.ZG
Serbia's gdp deflator was 12.51% in 2025, ranked 31st globally. This represents a 97.0% increase from 2024. Data from World Bank, covering 1996–2025.
Overview
Serbia's gdp deflator stood at 12.51% in 2025, a rise of +6.16pp from 2024. Based on recent trends, this figure is projected to reach 12.51% by 2025. Serbia ranked 31st globally.
Serbia's GDP deflator has exhibited significant fluctuations over the past three decades, with the indicator peaking at 85.58% in 1996 and troughing at 1.54% in 2016. Since its lowest point, the deflator has increased steadily, reaching 12.51% in 2025. This current value ranks Serbia 31st globally, with peer countries such as Nigeria and Suriname exhibiting comparable growth rates of 12.53% and 12.39%, respectively. The notable decline in the deflator from its peak to trough was largely driven by the country's transition from a command to a market-based economy in the 1990s and 2000s. The steady increase since 2016 suggests that Serbia's economy has stabilized, but a potential resurgence of inflationary pressures could shift the trajectory of the GDP deflator. A rise in global commodity prices or a surge in domestic demand could potentially push the GDP deflator higher, necessitating monetary policy adjustments to maintain economic stability.
Data & projection
| Year | GDP Deflator | YoY change | Rank |
|---|---|---|---|
| 2027* trend | 15.64% | - | - |
| 2026* trend | 14.07% | - | - |
| 2025* trend | 12.51% | - | - |
| 2025 | 12.51% | +6.16pp | #31 |
| 2024 | 6.35% | −7.58pp | #145 |
| 2023 | 13.93% | +3.47pp | #179 |
| 2022 | 10.46% | +4.77pp | #146 |
| 2021 | 5.68% | +3.03pp | #122 |
| 2020 | 2.65% | +0.30pp | #122 |
| 2019 | 2.35% | +0.35pp | #105 |
| 2018 | 2.00% | −1.00pp | #84 |
| 2017 | 3.00% | +1.45pp | #108 |
| 2016 | 1.54% | −0.63pp | #90 |
| 2015 | 2.17% | −0.74pp | #96 |
| 2014 | 2.91% | −4.89pp | #127 |
| 2013 | 7.80% | +1.76pp | #186 |
| 2012 | 6.04% | −4.96pp | #143 |
| 2011 | 11.00% | +6.05pp | #160 |
Detected Pattern
Analysis
Serbia matched the Stagflation Risk pattern in 2011. Historically, 38% of countries showing this pattern (117 out of 307) saw gdp deflator improve within 24 months. View full analysis →
Frequently Asked Questions
Serbia's gdp deflator was 12.51% in 2025. Ranked 31st globally. This represents a 97.0% increase from the previous year.
Serbia's gdp deflator peaked at 85.58% in 1996.
The lowest gdp deflator in Serbia was 1.54% in 2016.
Serbia ranks 31st globally in gdp deflator as of 2025.
The World Bank indicator code is NY.GDP.DEFL.KD.ZG. Data sourced from World Bank.
Serbia's gdp deflator is projected to reach 12.51% by 2025 based on trend extrapolation.
The gdp deflator of Serbia in 2025 was 12.51%. This ranks 31st in the world.
Cite this page
@misc{historysaid_serbia_gdp-deflator,
title = {Serbia GDP Deflator},
url = {https://historysaid.com/serbia/gdp-deflator/},
publisher = {HistorySaid},
year = {2026}
}