Military spending in Serbia

Serbia: Military spending was 1.25 billion constant 2022 US$ in 2020. ◆ Volatile

Latest (2020)
1.25 billion constant 2022 US$
Change on year
up 2.8%
World rank
81st
of 172 countries
All-time high
1.25 billion constant 2022 US$
in 2020
All-time low
35.71 million constant 2022 US$
in 1878
Years of data
52
1878–2020

Military spending in Serbia, 1878–2020

0250.0M500.0M750.0M1.0B1.2B187819492020

Source: Barnum et al. - Global Military Spending Dataset (2025) – with minor processing by Our World in Data. Measured in constant 2022 US$.

Analysis

Serbia recorded 1.25 billion constant 2022 US$ for military spending in 2020. That is the highest value across all 52 years on record.

Compared with earlier readings it is up 2.8% on the previous year and up 17.2% over ten years.

Over the whole period, military spending in Serbia peaked at 1.25 billion constant 2022 US$ in 2020 and was at its lowest, 35.71 million constant 2022 US$, in 1878.

Serbia ranks 81st of 172 countries on this measure, in the middle of the range.

The series is highly variable year to year, so single readings are best treated with caution.

Averages by decade

DecadeAverage LowestHighest Years
1870s 36.24 million constant 2022 US$ 35.71 million constant 2022 US$ 36.78 million constant 2022 US$ 2
1880s 55.58 million constant 2022 US$ 37.30 million constant 2022 US$ 65.18 million constant 2022 US$ 10
1890s 69.47 million constant 2022 US$ 53.28 million constant 2022 US$ 92.69 million constant 2022 US$ 10
1900s 102.66 million constant 2022 US$ 90.97 million constant 2022 US$ 121.23 million constant 2022 US$ 10
1910s 138.04 million constant 2022 US$ 82.61 million constant 2022 US$ 228.46 million constant 2022 US$ 6
2000s 1.20 billion constant 2022 US$ 1.13 billion constant 2022 US$ 1.23 billion constant 2022 US$ 3
2010s 922.49 million constant 2022 US$ 692.96 million constant 2022 US$ 1.22 billion constant 2022 US$ 10
2020s 1.25 billion constant 2022 US$ 1.25 billion constant 2022 US$ 1.25 billion constant 2022 US$ 1

Countries ranked near Serbia

  1. 78 Tunisia 1.44 billion constant 2022 US$ compare
  2. 79 Kenya 1.40 billion constant 2022 US$ compare
  3. 80 Belarus 1.36 billion constant 2022 US$ compare
  4. 82 Estonia 1.19 billion constant 2022 US$ compare
  5. 83 Armenia 1.19 billion constant 2022 US$ compare
  6. 84 Uganda 1.15 billion constant 2022 US$ compare

See the full ranking of 172 places →

More reference data data for Serbia

All data for Serbia →

Frequently asked questions

What is military spending in Serbia?
Military spending in Serbia was 1.25 billion constant 2022 US$ in 2020, according to Barnum et al. - Global Military Spending Dataset (2025) – with minor processing by Our World in Data.
What is the highest military spending recorded in Serbia?
The highest recorded value was 1.25 billion constant 2022 US$ in 2020.
What is the lowest military spending recorded in Serbia?
The lowest recorded value was 35.71 million constant 2022 US$ in 1878.
How does Serbia rank for military spending?
Serbia ranks 81st out of 172 countries with data for 2020.
Is military spending rising or falling in Serbia?
Over the last ten years it is up 17.2%. The long-run trend across the full record is volatile.
Where does this Serbia data come from?
The figures come from Barnum et al. - Global Military Spending Dataset (2025) – with minor processing by Our World in Data, published as part of Military spending. Statizoid updates them automatically from the source API.

Download this data

CSV · JSON — 52 observations, free to reuse under CC BY 4.0 (Our World in Data).

About this data

Indicator
Military spending
Unit
constant 2022 US$
Source
Barnum et al. - Global Military Spending Dataset (2025) – with minor processing by Our World in Data
Licence
CC BY 4.0 (Our World in Data)
Coverage
172 places, 15,402 data points, 1816–2023
Last refreshed

This data is expressed in US dollars. It is adjusted for inflation but does not account for differences in the cost of living between countries.