Palma ratio wb in Serbia

Serbia: Palma ratio wb was 1.26 in 2023. ▼ Falling

Latest (2023)
1.26
Change on year
down 0.0%
World rank
76th
of 120 countries
All-time high
1.9
in 2015
All-time low
1.26
in 2023
Years of data
12
2012–2023

Palma ratio wb in Serbia, 2012–2023

00.511.522012201720232012: 1.82013: 1.82014: 1.92015: 1.92016: 1.72017: 1.52018: 1.42019: 1.42020: 1.42021: 1.32022: 1.32023: 1.3

Source: Our World in Data.

Analysis

In 2023, palma ratio wb in Serbia stood at 1.26. That is the lowest value across all 12 years on record.

The figure is down 30.0% over ten years.

Over the whole period, palma ratio wb in Serbia peaked at 1.9 in 2015 and was at its lowest, 1.26, in 2023.

Serbia ranks 76th of 120 countries on this measure, in the middle of the range.

The long-run direction has been consistently falling across the 12 years of available data.

Palma ratio wb in Serbia, year by year

Annual values for Palma ratio wb in Serbia, 2012 to 2023.
Year Value Change
2012 1.83 —
2013 1.8 -1.9%
2014 1.9 +5.4%
2015 1.9 +0.4%
2016 1.72 -9.7%
2017 1.47 -14.2%
2018 1.4 -4.9%
2019 1.38 -1.9%
2020 1.43 +3.9%
2021 1.3 -9.2%
2022 1.26 -3.0%
2023 1.26 -0.0%

Serbia compared with similar countries

  • Serbia's 1.26 is below the median for upper middle income countries, which is 1.5, 84% of the median. (35 countries reporting)
  • Serbia's 1.26 is above the median for Europe & Central Asia, which is 1.13, 1.1× the median. (47 countries reporting)

Averages by decade

DecadeAverage LowestHighest Years
2010s 1.68 1.38 1.9 8
2020s 1.31 1.26 1.43 4

Countries ranked near Serbia

  1. 73 Spain 1.28 compare
  2. 74 South Korea 1.27 compare
  3. 75 North Macedonia 1.26 compare
  4. 77 United Kingdom 1.25 compare
  5. 78 Cyprus 1.24 compare
  6. 79 Uzbekistan 1.23

See the full ranking of 120 places →

More reference data data for Serbia

All data for Serbia →

Frequently asked questions

What is palma ratio wb in Serbia?
Palma ratio wb in Serbia was 1.26 in 2023, according to Our World in Data.
What is the highest palma ratio wb recorded in Serbia?
The highest recorded value was 1.9 in 2015.
What is the lowest palma ratio wb recorded in Serbia?
The lowest recorded value was 1.26 in 2023.
How does Serbia rank for palma ratio wb?
Serbia ranks 76th out of 120 countries with data for 2023.
Is palma ratio wb rising or falling in Serbia?
Over the last ten years it is down 30.0%. The long-run trend across the full record is falling.
Where does this Serbia data come from?
The figures come from Our World in Data, published as part of Palma ratio wb. Statizoid updates them automatically from the source API.

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Palma ratio wb in Serbia. Statizoid, drawing on Our World in Data. Retrieved 14 November 2026, from https://reference.statizoid.com/stat/palma-ratio-wb/serbia/

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About this data

Indicator
Palma ratio wb
Source
Our World in Data
Licence
CC BY 4.0 (Our World in Data)
Coverage
120 places, 2,152 data points, 1963–2025
Last refreshed