Aggregate replacement ratio for pensions (excluding other social) in Serbia

Serbia: Aggregate replacement ratio for pensions (excluding other social) was 0.43 in 2025. ▼ Falling

Latest (2025)
0.43
Change on year
down 10.4%
World rank
28th
of 35 countries
All-time high
0.55
in 2013
All-time low
0.43
in 2019
Years of data
13
2013–2025

Aggregate replacement ratio for pensions (excluding other social) in Serbia, 2013–2025

00.20.40.62013201920252013: 0.552014: 0.522015: 0.452016: 0.472017: 0.462018: 0.452019: 0.432020: 0.492021: 0.452022: 0.462023: 0.482024: 0.482025: 0.43

Source: Eurostat.

Analysis

In 2025, aggregate replacement ratio for pensions (excluding other social) in Serbia stood at 0.43. That is the lowest value across all 13 years on record.

The figure is down 10.4% on the previous year and down 4.4% over ten years.

Over the whole period, aggregate replacement ratio for pensions (excluding other social) in Serbia peaked at 0.55 in 2013 and was at its lowest, 0.43, in 2019.

Serbia ranks 28th of 35 countries on this measure, in the bottom quarter.

The long-run direction has been consistently falling across the 13 years of available data.

Averages by decade

DecadeAverage LowestHighest Years
2010s 0.4757 0.43 0.55 7
2020s 0.465 0.43 0.49 6

Countries ranked near Serbia

  1. 25 Bulgaria 0.46 compare
  2. 25 Denmark 0.46 compare
  3. 27 Montenegro 0.44 compare
  4. 28 Latvia 0.43 compare
  5. 30 Cyprus 0.41 compare
  6. 30 Slovenia 0.41 compare

See the full ranking of 38 places →

More reference data data for Serbia

All data for Serbia →

Frequently asked questions

What is aggregate replacement ratio for pensions (excluding other social) in Serbia?
Aggregate replacement ratio for pensions (excluding other social) in Serbia was 0.43 in 2025, according to Eurostat.
What is the highest aggregate replacement ratio for pensions (excluding other social) recorded in Serbia?
The highest recorded value was 0.55 in 2013.
What is the lowest aggregate replacement ratio for pensions (excluding other social) recorded in Serbia?
The lowest recorded value was 0.43 in 2019.
How does Serbia rank for aggregate replacement ratio for pensions (excluding other social)?
Serbia ranks 28th out of 35 countries with data for 2025.
Is aggregate replacement ratio for pensions (excluding other social) rising or falling in Serbia?
Over the last ten years it is down 4.4%. The long-run trend across the full record is falling.
Where does this Serbia data come from?
The figures come from Eurostat, published as part of Aggregate replacement ratio for pensions (excluding other social benefits) by sex. Statizoid updates them automatically from the source API.

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Aggregate replacement ratio for pensions (excluding other social) in Serbia. Statizoid, drawing on Eurostat. Retrieved 22 August 2026, from https://reference.statizoid.com/stat/aggregate-replacement-ratio-for-pensions-excluding-other-social-benefits-by-sex/serbia/

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About this data

Indicator
Aggregate replacement ratio for pensions (excluding other social benefits) by sex
Source
Eurostat
Licence
CC BY 4.0 (Eurostat)
Coverage
38 places, 574 data points, 2010–2025
Last refreshed