Serbia recorded a Government Debt to GDP of 47.20 percent of the country's Gross Domestic Product in 2024. Government Debt to GDP in Serbia averaged 55.48 percent of GDP from 2000 until 2024, reaching an all time high of 179.60 percent of GDP in 2000 and a record low of 25.80 percent of GDP in 2008. source: Ministry of Finance, Republic of Serbia

Government Debt to GDP in Serbia is expected to reach 50.50 percent of GDP by the end of 2025, according to Trading Economics global macro models and analysts expectations. In the long-term, the Serbia Government Debt to GDP is projected to trend around 50.00 percent of GDP in 2026 and 49.00 percent of GDP in 2027, according to our econometric models.



Related Last Previous Unit Reference
Credit Rating 48.00 Feb 2026
Fiscal Expenditure 413529.60 229133.10 RSD Million Dec 2025
Government Budget -2.20 -2.20 percent of GDP Dec 2024
Government Budget Value -191821.40 -2049.00 RSD Million Dec 2025
Government Debt 25350.30 25562.60 EUR Million Sep 2025
Government Debt to GDP 47.20 48.00 percent of GDP Dec 2024
Government Revenues 221708.20 227084.10 RSD Million Dec 2025
Government Spending 319504.50 334338.60 RSD Million Sep 2025
Government Spending to GDP 42.90 41.40 percent of GDP Dec 2024
Holidays
Military Expenditure 2322.80 1796.90 USD Million Dec 2024


Serbia Government Debt to GDP
Generally, Government debt as a percent of GDP is used by investors to measure a country ability to make future payments on its debt, thus affecting the country borrowing costs and government bond yields.
Actual Previous Highest Lowest Dates Unit Frequency
47.20 48.00 179.60 25.80 2000 - 2024 percent of GDP Yearly