Military spending, per capita in Serbia

Serbia: Military spending, per capita was 389.98 constant 2024 US$ per person in 2025. ▲ Rising

Latest (2025)
389.98 constant 2024 US$ per person
Change on year
up 6.9%
World rank
50th
of 161 countries
All-time high
389.98 constant 2024 US$ per person
in 2025
All-time low
149.65 constant 2024 US$ per person
in 2015
Years of data
30
1996–2025

Military spending, per capita in Serbia, 1996–2025

01002003004001996201020251996: 190.2 constant 2024 US$ per person1997: 211.7 constant 2024 US$ per person1998: 194.6 constant 2024 US$ per person1999: 183.1 constant 2024 US$ per person2000: 265.7 constant 2024 US$ per person2001: 211.9 constant 2024 US$ per person2002: 234.5 constant 2024 US$ per person2003: 206 constant 2024 US$ per person2004: 190.8 constant 2024 US$ per person2005: 160.4 constant 2024 US$ per person2006: 162.5 constant 2024 US$ per person2007: 183.9 constant 2024 US$ per person2008: 179.2 constant 2024 US$ per person2009: 176.9 constant 2024 US$ per person2010: 172.3 constant 2024 US$ per person2011: 166.8 constant 2024 US$ per person2012: 164.2 constant 2024 US$ per person2013: 159.8 constant 2024 US$ per person2014: 160.9 constant 2024 US$ per person2015: 149.7 constant 2024 US$ per person2016: 170.4 constant 2024 US$ per person2017: 165.4 constant 2024 US$ per person2018: 200.2 constant 2024 US$ per person2019: 229.2 constant 2024 US$ per person2020: 243 constant 2024 US$ per person2021: 319.6 constant 2024 US$ per person2022: 264.3 constant 2024 US$ per person2023: 284.4 constant 2024 US$ per person2024: 364.9 constant 2024 US$ per person2025: 390 constant 2024 US$ per person

Source: Statizoid (derived). Measured in constant 2024 US$ per person.

Analysis

In 2025, military spending, per capita in Serbia stood at 389.98 constant 2024 US$ per person. That is the highest value across all 30 years on record.

That represents a change of up 6.9% on the previous year and up 160.6% over ten years.

Over the whole period, military spending, per capita in Serbia peaked at 389.98 constant 2024 US$ per person in 2025 and was at its lowest, 149.65 constant 2024 US$ per person, in 2015.

Serbia ranks 50th of 161 countries on this measure, in the middle of the range.

The long-run direction has been consistently rising across the 30 years of available data.

Military spending, per capita in Serbia, year by year

Annual values for Military spending, per capita in Serbia, 1996 to 2025.
Year constant 2024 US$ per person Change
1996 190.16 constant 2024 US$ per person
1997 211.72 constant 2024 US$ per person +11.3%
1998 194.59 constant 2024 US$ per person -8.1%
1999 183.05 constant 2024 US$ per person -5.9%
2000 265.69 constant 2024 US$ per person +45.1%
2001 211.92 constant 2024 US$ per person -20.2%
2002 234.51 constant 2024 US$ per person +10.7%
2003 206.03 constant 2024 US$ per person -12.1%
2004 190.79 constant 2024 US$ per person -7.4%
2005 160.38 constant 2024 US$ per person -15.9%
2006 162.46 constant 2024 US$ per person +1.3%
2007 183.92 constant 2024 US$ per person +13.2%
2008 179.22 constant 2024 US$ per person -2.6%
2009 176.91 constant 2024 US$ per person -1.3%
2010 172.33 constant 2024 US$ per person -2.6%
2011 166.77 constant 2024 US$ per person -3.2%
2012 164.17 constant 2024 US$ per person -1.6%
2013 159.79 constant 2024 US$ per person -2.7%
2014 160.9 constant 2024 US$ per person +0.7%
2015 149.65 constant 2024 US$ per person -7.0%
2016 170.42 constant 2024 US$ per person +13.9%
2017 165.42 constant 2024 US$ per person -2.9%
2018 200.23 constant 2024 US$ per person +21.0%
2019 229.24 constant 2024 US$ per person +14.5%
2020 242.97 constant 2024 US$ per person +6.0%
2021 319.63 constant 2024 US$ per person +31.6%
2022 264.31 constant 2024 US$ per person -17.3%
2023 284.36 constant 2024 US$ per person +7.6%
2024 364.92 constant 2024 US$ per person +28.3%
2025 389.98 constant 2024 US$ per person +6.9%

Serbia compared with similar countries

  • Serbia's 389.98 constant 2024 US$ per person is above the median for upper middle income countries, which is 101.55 constant 2024 US$ per person, 3.8× the median. (46 countries reporting)
  • Serbia's 389.98 constant 2024 US$ per person is below the median for Europe & Central Asia, which is 531.76 constant 2024 US$ per person, 73% of the median. (48 countries reporting)

Averages by decade

DecadeAverage LowestHighest Years
1990s 194.88 constant 2024 US$ per person 183.05 constant 2024 US$ per person 211.72 constant 2024 US$ per person 4
2000s 197.18 constant 2024 US$ per person 160.38 constant 2024 US$ per person 265.69 constant 2024 US$ per person 10
2010s 173.89 constant 2024 US$ per person 149.65 constant 2024 US$ per person 229.24 constant 2024 US$ per person 10
2020s 311.03 constant 2024 US$ per person 242.97 constant 2024 US$ per person 389.98 constant 2024 US$ per person 6

Countries ranked near Serbia

  1. 47 Cyprus 460.71 constant 2024 US$ per person compare
  2. 48 Azerbaijan 456 constant 2024 US$ per person compare
  3. 49 Yemen 407.57 constant 2024 US$ per person compare
  4. 51 Bulgaria 372.43 constant 2024 US$ per person compare
  5. 52 Turkey 312.22 constant 2024 US$ per person compare
  6. 53 Guyana 286.91 constant 2024 US$ per person compare

See the full ranking of 161 places →

More reference data data for Serbia

All data for Serbia →

Frequently asked questions

What is military spending, per capita in Serbia?
Military spending, per capita in Serbia was 389.98 constant 2024 US$ per person in 2025, according to Statizoid (derived).
What is the highest military spending, per capita recorded in Serbia?
The highest recorded value was 389.98 constant 2024 US$ per person in 2025.
What is the lowest military spending, per capita recorded in Serbia?
The lowest recorded value was 149.65 constant 2024 US$ per person in 2015.
How does Serbia rank for military spending, per capita?
Serbia ranks 50th out of 161 countries with data for 2025.
Is military spending, per capita rising or falling in Serbia?
Over the last ten years it is up 160.6%. The long-run trend across the full record is rising.
Where does this Serbia data come from?
The figures come from Statizoid (derived), published as part of Military spending, per capita. Statizoid updates them automatically from the source API.

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Military spending, per capita in Serbia. Statizoid, drawing on Statizoid (derived). Retrieved 22 September 2026, from https://reference.statizoid.com/stat/military-spending-per-capita/serbia/

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How this figure is calculated

Military spending divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.

Military spending ÷ Population, total

Computed from

Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.

About this data

Indicator
Military spending, per capita
Unit
constant 2024 US$ per person
Source
Statizoid (derived)
Licence
Derived by Statizoid from the sources named on the page
Coverage
161 places, 7,937 data points, 1960–2025
Last refreshed

Military spending divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.