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Serbia Military Spending

Military expenditure as % of GDP  MS.MIL.XPND.GD.ZS

2.42% −0.17% (-6.6%)
Year 2025 Rank #39 Global Peak 4.60% (2000) Source World Bank

Serbia Military Spending (1996–2025)

Overview

Serbia's military spending stood at 2.42% in 2025, a decline of +0.17% from 2024. Based on recent trends, this figure is projected to reach 2.42% by 2025. Serbia ranked 39th globally.

Data & projection

Year Military Spending YoY change Rank
2027* trend 2.44% - -
2026* trend 2.43% - -
2025* trend 2.42% - -
2025 2.42% −0.17% #39
2024 2.60% +0.39% #116
2023 2.21% +0.04% #107
2022 2.17% −0.56% #113
2021 2.73% +0.43% #128
2020 2.30% +0.11% #118
2019 2.18% +0.17% #116
2018 2.02% +0.26% #114
2017 1.75% −0.10% #98
2016 1.86% +0.16% #101
2015 1.70% −0.17% #92
2014 1.87% +0.02% #101
2013 1.85% −0.07% #102
2012 1.92% −0.01% #106
2011 1.93% −0.08% #101
Show all years (1996-2025)
* Linear trend extrapolation

Detected Pattern

Stagflation Risk
GDP growth below 2% combined with inflation above 8% and rising unemployment. The worst macro combination for policymakers.
Inflation 11.1% GDP growth 0.1% Unemployment 23.0%
Occurred 307 times, 117 successful
Inflation
26.9%
GDP growth
-4.2%
Unemployment
14.6%
Inflation
185.7%
GDP growth
-14.0%
Unemployment
60.8%
Inflation
14.4%
GDP growth
1.1%
Unemployment
9.1%
Inflation
33.9%
GDP growth
-1.5%
Unemployment
17.0%
Inflation
736.1%
GDP growth
1.7%
Unemployment
9.4%
Inflation
13.6%
GDP growth
1.3%
Unemployment
14.1%

Analysis

Serbia matched the Stagflation Risk pattern in 2011. Historically, 38% of countries showing this pattern (117 out of 307) saw military spending improve within 24 months. View full analysis →

Frequently Asked Questions

What is Serbia's military spending?

Serbia's military spending was 2.42% in 2025. Ranked 39th globally. This represents a 6.6% decrease from the previous year.

What was the highest military spending in Serbia?

Serbia's military spending peaked at 4.60% in 2000.

What was the lowest military spending in Serbia?

The lowest military spending in Serbia was 1.70% in 2015.

How does Serbia rank in military spending?

Serbia ranks 39th globally in military spending as of 2025.

What is the World Bank indicator code for military spending?

The World Bank indicator code is MS.MIL.XPND.GD.ZS. Data sourced from World Bank.

What is the projected military spending of Serbia in 2025?

Serbia's military spending is projected to reach 2.42% by 2025 based on trend extrapolation.

What is the military spending of Serbia in 2025?

The military spending of Serbia in 2025 was 2.42%. This ranks 39th in the world.

Cite this page

APA
Serbia Military Spending. HistorySaid. Retrieved April 2, 2026, from https://historysaid.com/serbia/military-spending
BibTeX
@misc{historysaid_serbia_military-spending, title = {Serbia Military Spending}, url = {https://historysaid.com/serbia/military-spending}, publisher = {HistorySaid}, year = {2026} }