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Serbia Foreign Reserves

Total reserves including gold  FI.RES.TOTL.CD

Serbia's foreign reserves was $33.8B in 2025, ranked 55th globally. This represents a 10.9% increase from 2024. Data from World Bank, covering 2006–2025.

$33.8B +$3.3B (+10.9%)
Year 2025 Rank #55 Global Peak $33.8B (2025) Source World Bank

Serbia Foreign Reserves (2006–2025)

Overview

Serbia's foreign reserves stood at $33.8B in 2025, a rise of +$3.3B from 2024. Based on recent trends, this figure is projected to reach $33.8B by 2025. Serbia ranked 55th globally.

Serbia's foreign reserves have exhibited significant fluctuations over the past 20 years, with the latest value standing at $33,811,608,595.19 in 2025, ranking the country 55th globally. The all-time peak was also reached in 2025, while the all-time trough occurred in 2016 at $10,748,918,412.86. Notably, Serbia's foreign reserves have surpassed those of its peer countries, such as Austria, which ranked 1st with $34,974,666,433.83. The country's foreign reserves have increased by $21,922,701,274.89 from the 2006 value of $11,888,907,220.30, indicating a considerable growth. However, the trajectory of foreign reserves is sensitive to external factors, including changes in international trade, foreign investment, and exchange rates. A sustained increase in foreign direct investment and a stable exchange rate could potentially propel Serbia's foreign reserves to even higher levels, further solidifying the country's economic resilience.

Data & projection

Year Foreign Reserves YoY change Rank
2027* trend $41.2B - -
2026* trend $37.5B - -
2025* trend $33.8B - -
2025 $33.8B +$3.3B #55
2024 $30.5B +$2.9B #54
2023 $27.6B +$6.9B #56
2022 $20.7B +$2.1B #60
2021 $18.6B +$2.0B #65
2020 $16.6B +$1.6B #64
2019 $15.0B +$2.1B #66
2018 $12.9B +$968.1M #66
2017 $11.9B +$1.2B #67
2016 $10.7B −$596.0M #66
2015 $11.3B −$707.0M #67
2014 $12.1B −$3.4B #67
2013 $15.4B +$1.0B #64
2012 $14.4B −$1.2B #60
2011 $15.6B +$2.3B #59
Show all years (2006-2025)
* 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 foreign reserves improve within 24 months. View full analysis →

Frequently Asked Questions

What is Serbia's foreign reserves?▾

Serbia's foreign reserves was $33.8B in 2025. Ranked 55th globally. This represents a 10.9% increase from the previous year.

What was the highest foreign reserves in Serbia?▾

Serbia's foreign reserves peaked at $33.8B in 2025.

What was the lowest foreign reserves in Serbia?▾

The lowest foreign reserves in Serbia was $10.7B in 2016.

How does Serbia rank in foreign reserves?▾

Serbia ranks 55th globally in foreign reserves as of 2025.

What is the World Bank indicator code for foreign reserves?▾

The World Bank indicator code is FI.RES.TOTL.CD. Data sourced from World Bank.

What is the projected foreign reserves of Serbia in 2025?▾

Serbia's foreign reserves is projected to reach $33.8B by 2025 based on trend extrapolation.

What is Serbia's foreign reserves in billion?▾

Serbia's foreign reserves was approximately 33.81 billion ($33.8B) in 2025.

What is the foreign reserves of Serbia in 2025?▾

The foreign reserves of Serbia in 2025 was $33.8B. This ranks 55th in the world.

Cite this page

APA
Serbia Foreign Reserves. HistorySaid. Retrieved November 11, 2026, from https://historysaid.com/serbia/reserves/
BibTeX
@misc{historysaid_serbia_reserves, title = {Serbia Foreign Reserves}, url = {https://historysaid.com/serbia/reserves/}, publisher = {HistorySaid}, year = {2026} }
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