Serbia Government Debt to GDP
General government gross debt as % of GDP GGXWDG_NGDP
Serbia's government debt to gdp was 43.90% in 2025, ranked 116th globally. This represents a 1.3% decrease from 2024. Data from IMF WEO, covering 2000–2025.
Overview
Serbia's government debt to gdp stood at 43.90% in 2025, a decline of +0.58% from 2024. The IMF projects 43.90% by 2025. Serbia ranked 116th globally.
Serbia's government debt to GDP ratio has displayed a notable decline since its all-time peak in 2000, when it reached 200.63. The ratio then plummeted to a low of 29.41 in 2008, only to rise to its current standing of 43.90 as of 2025. This uptick marks Serbia's 116th position globally in terms of government debt burden. In comparison, Czechia, a peer country, shares a similar ranking with a debt to GDP ratio of 44.00. Serbia's trajectory diverges from that of Eswatini, which boasts a lower debt burden of 42.84. The Netherlands, another peer, has a slightly higher ratio of 44.04. Serbia's government debt to GDP ratio has historically been influenced by economic and political factors, including the country's transition to a market-based economy and its participation in regional integration efforts. To alter its current trajectory, Serbia may need to implement fiscal reforms aimed at reducing its debt burden and improving its economic resilience.
Data & projection
| Year | Government Debt to GDP | YoY change | Rank |
|---|---|---|---|
| 2030* IMF | 43.20% | - | - |
| 2029* IMF | 43.88% | - | - |
| 2028* IMF | 44.20% | - | - |
| 2027* IMF | 44.77% | - | - |
| 2026* IMF | 44.18% | - | - |
| 2025* IMF | 43.90% | - | - |
| 2025 | 43.90% | −0.58% | #116 |
| 2024 | 44.48% | −1.19% | #67 |
| 2023 | 45.67% | −5.24% | #68 |
| 2022 | 50.91% | −2.73% | #88 |
| 2021 | 53.64% | −0.69% | #88 |
| 2020 | 54.33% | +4.87% | #87 |
| 2019 | 49.45% | −1.68% | #97 |
| 2018 | 51.14% | −4.12% | #101 |
| 2017 | 55.26% | −9.72% | #113 |
| 2016 | 64.98% | −2.10% | #136 |
| 2015 | 67.08% | +3.60% | #142 |
| 2014 | 63.47% | +9.37% | #142 |
| 2013 | 54.10% | +2.38% | #132 |
| 2012 | 51.73% | +9.72% | #132 |
| 2011 | 42.01% | +3.81% | #113 |
Detected Pattern
Analysis
Serbia matched the Stagflation Risk pattern in 2011. Historically, 38% of countries showing this pattern (117 out of 307) saw government debt to gdp improve within 24 months. View full analysis →
Frequently Asked Questions
Serbia's government debt to gdp was 43.90% in 2025. Ranked 116th globally. This represents a 1.3% decrease from the previous year.
Serbia's government debt to gdp peaked at 200.64% in 2000.
The lowest government debt to gdp in Serbia was 29.41% in 2008.
Serbia ranks 116th globally in government debt to gdp as of 2025.
The World Bank indicator code is GGXWDG_NGDP. Data sourced from IMF WEO.
Serbia's government debt to gdp is projected to reach 43.90% by 2025 based on IMF projection.
The government debt to gdp of Serbia in 2025 was 43.90%. This ranks 116th in the world.
Cite this page
@misc{historysaid_serbia_government-debt-to-gdp,
title = {Serbia Government Debt to GDP},
url = {https://historysaid.com/serbia/government-debt-to-gdp/},
publisher = {HistorySaid},
year = {2026}
}