Serbia Tax Revenue
Tax revenue as % of GDP GC.TAX.TOTL.GD.ZS
Serbia's tax revenue was 21.91% in 2025, ranked 31st globally. This represents a 8.3% decrease from 2024. Data from World Bank, covering 2007–2025.
Overview
Serbia's tax revenue stood at 21.91% in 2025, a decline of +1.98% from 2022. Based on recent trends, this figure is projected to reach 21.91% by 2025. Serbia ranked 31st globally.
Serbia's tax revenue has experienced a moderate increase over the years, reflecting the country's efforts to bolster its fiscal capacities. The nation's tax revenue peaked at 23.89 in 2022, surpassing that of its peer countries, such as Morocco at 21.96 and Nicaragua at 21.77. However, the tax revenue has also encountered a trough in 2012, when it plummeted to 17.81. Since then, Serbia has managed to recover and even surpass the tax revenue of some developed economies, such as Estonia at 21.55. As of 2025, Serbia's tax revenue stands at 21.91, placing it at the 31st spot globally. Despite the progress, Serbia still faces challenges in improving its tax collection efficiency and potentially addressing the decline in tax revenues due to economic downturns. A sustained economic growth, particularly in the manufacturing sector, could potentially alter the trajectory of Serbia's tax revenue trajectory.
Data & projection
| Year | Tax Revenue | YoY change | Rank |
|---|---|---|---|
| 2025* trend | 21.91% | - | - |
| 2025 | 21.91% | −1.98% | #31 |
| 2022 | 23.89% | +4.23% | #99 |
| 2021 | 19.66% | −2.77% | #86 |
| 2020 | 22.43% | −0.57% | #117 |
| 2019 | 23.00% | +0.36% | #114 |
| 2018 | 22.64% | −0.49% | #110 |
| 2017 | 23.13% | +0.68% | #119 |
| 2016 | 22.44% | +0.98% | #115 |
| 2015 | 21.47% | +0.41% | #111 |
| 2014 | 21.05% | +1.06% | #106 |
| 2013 | 19.99% | +2.17% | #93 |
| 2012 | 17.81% | −0.50% | #82 |
| 2011 | 18.31% | −1.12% | #86 |
| 2010 | 19.43% | +0.19% | #89 |
| 2009 | 19.24% | −1.12% | #87 |
Detected Pattern
Analysis
Serbia matched the Stagflation Risk pattern in 2011. Historically, 38% of countries showing this pattern (117 out of 307) saw tax revenue improve within 24 months. View full analysis →
Frequently Asked Questions
Serbia's tax revenue was 21.91% in 2025. Ranked 31st globally. This represents a 8.3% decrease from the previous year.
Serbia's tax revenue peaked at 23.89% in 2022.
The lowest tax revenue in Serbia was 17.81% in 2012.
Serbia ranks 31st globally in tax revenue as of 2025.
The World Bank indicator code is GC.TAX.TOTL.GD.ZS. Data sourced from World Bank.
Serbia's tax revenue is projected to reach 21.91% by 2025 based on trend extrapolation.
The tax revenue of Serbia in 2025 was 21.91%. This ranks 31st in the world.
Cite this page
@misc{historysaid_serbia_tax-revenue,
title = {Serbia Tax Revenue},
url = {https://historysaid.com/serbia/tax-revenue/},
publisher = {HistorySaid},
year = {2026}
}