Serbia Government Revenue
General government revenue as % of GDP GGR_NGDP
Serbia's government revenue was 40.56% in 2025, ranked 41st globally. This represents a 0.9% decrease from 2024. Data from IMF WEO, covering 2000–2025.
Overview
Serbia's government revenue stood at 40.56% in 2025, a decline of +0.36% from 2024. The IMF projects 40.56% by 2025. Serbia ranked 41st globally.
Serbia's government revenue has demonstrated a relatively stable trajectory over the past 26 years, with the latest figure standing at 40.56% of GDP in 2025. Notably, the country's revenue peaked in 2021 at 41.24%, surpassing the Czech Republic's 41.22% that year. Conversely, the all-time low of 27.85% in 2000 remains the starting point for Serbia's revenue growth, implying a 12.71 percentage point increase from the trough to the peak. A comparison with peer countries reveals that Serbia's revenue falls slightly behind Latvia's 40.84%, but narrowly surpasses Montenegro's 39.86%. The growth trend suggests that Serbia's government revenue has been steadily increasing, albeit at a moderate pace. A decline in global economic uncertainty or a significant improvement in the country's business environment could potentially propel Serbia's government revenue further upward, potentially surpassing the 42% mark in the coming years.
Data & projection
| Year | Government Revenue | YoY change | Rank |
|---|---|---|---|
| 2030* IMF | 39.79% | - | - |
| 2029* IMF | 39.82% | - | - |
| 2028* IMF | 39.89% | - | - |
| 2027* IMF | 40.13% | - | - |
| 2026* IMF | 40.46% | - | - |
| 2025* IMF | 40.56% | - | - |
| 2025 | 40.56% | −0.36% | #41 |
| 2024 | 40.92% | +1.53% | #41 |
| 2023 | 39.39% | −1.85% | #46 |
| 2022 | 41.24% | −0.00% | #35 |
| 2021 | 41.24% | +2.12% | #33 |
| 2020 | 39.12% | −1.07% | #41 |
| 2019 | 40.19% | +0.38% | #38 |
| 2018 | 39.81% | −0.02% | #37 |
| 2017 | 39.83% | +0.62% | #34 |
| 2016 | 39.22% | +1.50% | #34 |
| 2015 | 37.72% | +0.39% | #41 |
| 2014 | 37.33% | +1.53% | #51 |
| 2013 | 35.79% | −1.44% | #60 |
| 2012 | 37.23% | +0.96% | #54 |
| 2011 | 36.26% | −1.56% | #55 |
Detected Pattern
Analysis
Serbia matched the Stagflation Risk pattern in 2011. Historically, 38% of countries showing this pattern (117 out of 307) saw government revenue improve within 24 months. View full analysis →
Frequently Asked Questions
Serbia's government revenue was 40.56% in 2025. Ranked 41st globally. This represents a 0.9% decrease from the previous year.
Serbia's government revenue peaked at 41.24% in 2021.
The lowest government revenue in Serbia was 27.85% in 2000.
Serbia ranks 41st globally in government revenue as of 2025.
The World Bank indicator code is GGR_NGDP. Data sourced from IMF WEO.
Serbia's government revenue is projected to reach 40.56% by 2025 based on IMF projection.
The government revenue of Serbia in 2025 was 40.56%. This ranks 41st in the world.
Cite this page
@misc{historysaid_serbia_government-revenue,
title = {Serbia Government Revenue},
url = {https://historysaid.com/serbia/government-revenue/},
publisher = {HistorySaid},
year = {2026}
}