Military spending per armed forces personnel in Serbia
Serbia: Military spending per armed forces personnel was 52,384 constant 2024 US$ in 2020. ◆ Volatile
Military spending per armed forces personnel in Serbia, 1996–2020
Source: Stockholm International Peace Research Institute (2026); The Military Balance - International Institute for Strategic Studies, via World Bank (2026) – with major processing by Our World in Data. Measured in constant 2024 US$.
Analysis
In 2020, military spending per armed forces personnel in Serbia stood at 52,384 constant 2024 US$.
That represents a change of up 5.3% on the previous year and up 21.4% over ten years.
Over the whole period, military spending per armed forces personnel in Serbia peaked at 56,568 constant 2024 US$ in 2007 and was at its lowest, 8,011 constant 2024 US$, in 2001.
That places Serbia 48th out of 160 countries with data for 2020, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Military spending per armed forces personnel in Serbia, year by year
| Year | constant 2024 US$ | Change |
|---|---|---|
| 1996 | 9,542 constant 2024 US$ | — |
| 1997 | 10,570 constant 2024 US$ | +10.8% |
| 1998 | 9,676 constant 2024 US$ | -8.5% |
| 1999 | 9,409 constant 2024 US$ | -2.8% |
| 2000 | 14,716 constant 2024 US$ | +56.4% |
| 2001 | 8,011 constant 2024 US$ | -45.6% |
| 2002 | 14,127 constant 2024 US$ | +76.4% |
| 2003 | 14,113 constant 2024 US$ | -0.1% |
| 2004 | 12,944 constant 2024 US$ | -8.3% |
| 2005 | 10,848 constant 2024 US$ | -16.2% |
| 2006 | 50,169 constant 2024 US$ | +362.5% |
| 2007 | 56,568 constant 2024 US$ | +12.8% |
| 2008 | 54,888 constant 2024 US$ | -3.0% |
| 2009 | 44,467 constant 2024 US$ | -19.0% |
| 2010 | 43,142 constant 2024 US$ | -3.0% |
| 2011 | 42,871 constant 2024 US$ | -0.6% |
| 2012 | 42,000 constant 2024 US$ | -2.0% |
| 2013 | 40,681 constant 2024 US$ | -3.1% |
| 2014 | 40,764 constant 2024 US$ | +0.2% |
| 2015 | 37,721 constant 2024 US$ | -7.5% |
| 2016 | 37,767 constant 2024 US$ | +0.1% |
| 2017 | 36,293 constant 2024 US$ | -3.9% |
| 2018 | 43,488 constant 2024 US$ | +19.8% |
| 2019 | 49,753 constant 2024 US$ | +14.4% |
| 2020 | 52,384 constant 2024 US$ | +5.3% |
Serbia compared with similar countries
- Serbia's 52,384 constant 2024 US$ is above the median for upper middle income countries, which is 19,504 constant 2024 US$, 2.7× the median. (46 countries reporting)
- Serbia's 52,384 constant 2024 US$ is below the median for Europe & Central Asia, which is 55,593 constant 2024 US$, 94% of the median. (48 countries reporting)
Biggest year-on-year movements
Years where Military spending per armed forces personnel in Serbia changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2006 | +362.5% | 10,848 constant 2024 US$ | 50,169 constant 2024 US$ |
| 2002 | +76.4% | 8,011 constant 2024 US$ | 14,127 constant 2024 US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 9,799 constant 2024 US$ | 9,409 constant 2024 US$ | 10,570 constant 2024 US$ | 4 |
| 2000s | 28,085 constant 2024 US$ | 8,011 constant 2024 US$ | 56,568 constant 2024 US$ | 10 |
| 2010s | 41,448 constant 2024 US$ | 36,293 constant 2024 US$ | 49,753 constant 2024 US$ | 10 |
| 2020s | 52,384 constant 2024 US$ | 52,384 constant 2024 US$ | 52,384 constant 2024 US$ | 1 |
Countries ranked near Serbia
More reference data data for Serbia
- Emission Totals - Indirect emissions (N2O) - Manure applied to Soils 0.6055 (2050)
- Emission Totals - Indirect emissions (N2O) - Manure left on Pasture 0.3321 (2050)
- Emission Totals - Indirect emissions (N2O) - IPCC Agriculture 3.36 (2050)
- Emission Totals - Indirect emissions (N2O) - Crop Residues 0.3467 (2050)
- Emission Totals - Indirect emissions (N2O) - Agricultural Soils 3.36 (2050)
- Emission Totals - Emissions (N2O) - Manure applied to Soils 2.03 (2050)
- Emission Totals - Emissions (N2O) - Manure Management 1.29 (2050)
- Emission Totals - Emissions (N2O) - Manure left on Pasture 1.44 (2050)
- Emission Totals - Emissions (N2O) - IPCC Agriculture 15.2 (2050)
- Emission Totals - Emissions (N2O) - Crop Residues 1.89 (2050)
Frequently asked questions
- What is military spending per armed forces personnel in Serbia?
- Military spending per armed forces personnel in Serbia was 52,384 constant 2024 US$ in 2020, according to Stockholm International Peace Research Institute (2026); The Military Balance - International Institute for Strategic Studies, via World Bank (2026) – with major processing by Our World in Data.
- What is the highest military spending per armed forces personnel recorded in Serbia?
- The highest recorded value was 56,568 constant 2024 US$ in 2007.
- What is the lowest military spending per armed forces personnel recorded in Serbia?
- The lowest recorded value was 8,011 constant 2024 US$ in 2001.
- How does Serbia rank for military spending per armed forces personnel?
- Serbia ranks 48th out of 160 countries with data for 2020.
- Is military spending per armed forces personnel rising or falling in Serbia?
- Over the last ten years it is up 21.4%. The long-run trend across the full record is volatile.
- Where does this Serbia data come from?
- The figures come from Stockholm International Peace Research Institute (2026); The Military Balance - International Institute for Strategic Studies, via World Bank (2026) – with major processing by Our World in Data, published as part of Military spending per armed forces personnel. Statizoid updates them automatically from the source API.
Download this data
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About this data
Total military expenditure divided by armed forces personnel. 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.