Military spending, per unit of GDP in Serbia

Serbia: Military spending, per unit of GDP was 0.0224 constant 2022 US$ per US$ of GDP in 2020. ▼ Falling

Latest (2020)
0.0224 constant 2022 US$ per US$ of GDP
Change on year
down 0.9%
World rank
57th
of 170 countries
All-time high
0.0275 constant 2022 US$ per US$ of GDP
in 2007
All-time low
0.0164 constant 2022 US$ per US$ of GDP
in 2016
Years of data
14
2007–2020

Military spending, per unit of GDP in Serbia, 2007–2020

00.010.020.032007201320202007: 0.028 constant 2022 US$ per US$ of GDP2008: 0.023 constant 2022 US$ per US$ of GDP2009: 0.024 constant 2022 US$ per US$ of GDP2010: 0.025 constant 2022 US$ per US$ of GDP2011: 0.021 constant 2022 US$ per US$ of GDP2012: 0.022 constant 2022 US$ per US$ of GDP2013: 0.018 constant 2022 US$ per US$ of GDP2014: 0.017 constant 2022 US$ per US$ of GDP2015: 0.017 constant 2022 US$ per US$ of GDP2016: 0.016 constant 2022 US$ per US$ of GDP2017: 0.017 constant 2022 US$ per US$ of GDP2018: 0.018 constant 2022 US$ per US$ of GDP2019: 0.023 constant 2022 US$ per US$ of GDP2020: 0.022 constant 2022 US$ per US$ of GDP

Source: Statizoid (derived). Measured in constant 2022 US$ per US$ of GDP.

Analysis

In 2020, military spending, per unit of gdp in Serbia stood at 0.0224 constant 2022 US$ per US$ of GDP.

The figure is down 0.9% on the previous year and down 8.7% over ten years.

Over the whole period, military spending, per unit of gdp in Serbia peaked at 0.0275 constant 2022 US$ per US$ of GDP in 2007 and was at its lowest, 0.0164 constant 2022 US$ per US$ of GDP, in 2016.

That places Serbia 57th out of 170 countries with data for 2020, putting it in the middle of the range.

The long-run direction has been consistently falling across the 14 years of available data.

Military spending, per unit of GDP in Serbia, year by year

Annual values for Military spending, per unit of GDP in Serbia, 2007 to 2020.
Year constant 2022 US$ per US$ of GDP Change
2007 0.0275 constant 2022 US$ per US$ of GDP
2008 0.0225 constant 2022 US$ per US$ of GDP -18.1%
2009 0.0242 constant 2022 US$ per US$ of GDP +7.3%
2010 0.0245 constant 2022 US$ per US$ of GDP +1.6%
2011 0.0208 constant 2022 US$ per US$ of GDP -15.2%
2012 0.022 constant 2022 US$ per US$ of GDP +5.8%
2013 0.0178 constant 2022 US$ per US$ of GDP -19.1%
2014 0.017 constant 2022 US$ per US$ of GDP -4.3%
2015 0.0171 constant 2022 US$ per US$ of GDP +0.3%
2016 0.0164 constant 2022 US$ per US$ of GDP -4.0%
2017 0.0175 constant 2022 US$ per US$ of GDP +6.5%
2018 0.0179 constant 2022 US$ per US$ of GDP +2.2%
2019 0.0226 constant 2022 US$ per US$ of GDP +26.6%
2020 0.0224 constant 2022 US$ per US$ of GDP -0.9%

Serbia compared with similar countries

  • Serbia's 0.0224 constant 2022 US$ per US$ of GDP is above the median for upper middle income countries, which is 0.0152 constant 2022 US$ per US$ of GDP, 1.5× the median. (49 countries reporting)
  • Serbia's 0.0224 constant 2022 US$ per US$ of GDP is above the median for Europe & Central Asia, which is 0.0185 constant 2022 US$ per US$ of GDP, 1.2× the median. (48 countries reporting)

Averages by decade

DecadeAverage LowestHighest Years
2000s 0.0247 constant 2022 US$ per US$ of GDP 0.0225 constant 2022 US$ per US$ of GDP 0.0275 constant 2022 US$ per US$ of GDP 3
2010s 0.0194 constant 2022 US$ per US$ of GDP 0.0164 constant 2022 US$ per US$ of GDP 0.0245 constant 2022 US$ per US$ of GDP 10
2020s 0.0224 constant 2022 US$ per US$ of GDP 0.0224 constant 2022 US$ per US$ of GDP 0.0224 constant 2022 US$ per US$ of GDP 1

Countries ranked near Serbia

  1. 54 Finland 0.0228 constant 2022 US$ per US$ of GDP compare
  2. 55 Guinea 0.0227 constant 2022 US$ per US$ of GDP compare
  3. 56 Australia 0.0225 constant 2022 US$ per US$ of GDP compare
  4. 58 Chad 0.0224 constant 2022 US$ per US$ of GDP compare
  5. 59 Lesotho 0.021 constant 2022 US$ per US$ of GDP compare
  6. 60 Norway 0.0208 constant 2022 US$ per US$ of GDP compare

See the full ranking of 170 places →

More reference data data for Serbia

All data for Serbia →

Frequently asked questions

What is military spending, per unit of gdp in Serbia?
Military spending, per unit of gdp in Serbia was 0.0224 constant 2022 US$ per US$ of GDP in 2020, according to Statizoid (derived).
What is the highest military spending, per unit of gdp recorded in Serbia?
The highest recorded value was 0.0275 constant 2022 US$ per US$ of GDP in 2007.
What is the lowest military spending, per unit of gdp recorded in Serbia?
The lowest recorded value was 0.0164 constant 2022 US$ per US$ of GDP in 2016.
How does Serbia rank for military spending, per unit of gdp?
Serbia ranks 57th out of 170 countries with data for 2020.
Is military spending, per unit of gdp rising or falling in Serbia?
Over the last ten years it is down 8.7%. The long-run trend across the full record is falling.
Where does this Serbia data come from?
The figures come from Statizoid (derived), published as part of Military spending, per unit of GDP. Statizoid updates them automatically from the source API.

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Military spending, per unit of GDP in Serbia. Statizoid, drawing on Statizoid (derived). Retrieved 21 September 2026, from https://reference.statizoid.com/stat/military-spending-per-unit-of-gdp-2/serbia/

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How this figure is calculated

Military spending divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.

Military spending ÷ GDP (current US$)

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 unit of GDP
Unit
constant 2022 US$ per US$ of GDP
Source
Statizoid (derived)
Licence
Derived by Statizoid from the sources named on the page
Coverage
170 places, 9,064 data points, 1960–2023
Last refreshed

Military spending divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.