Serbia Gross Domestic Product (GDP) by Year (1993–2023)

Serbia Gross Domestic Product (GDP) by Year (1993–2023)

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TGM StatBox. (2024). Serbia Gross Domestic Product (GDP) by Year (1993–2023). TGM StatBox.
Chart Details
Timeframe: 1960-2023
Country: Serbia
Published date: 2024
Note: The GDP data in the context of the World Development Indicators (WDI) refers to the information provided by the World Bank that tracks a country's Gross Domestic Product (GDP) and related economic metrics.
Key Takeaways
Serbia's GDP trends reflect its transition from a war-torn economy in the 1990s to gradual recovery and growth. During the 1990s, the Yugoslav Wars and international sanctions significantly impacted GDP, which fell to $6.8 billion in 2000. However, stabilization efforts and economic reforms in the early 2000s led to steady recovery, with GDP reaching $52.1 billion in 2008.

The 2008 global financial crisis caused a decline to $41.8 billion in 2010, but Serbia rebounded, bolstered by foreign investments and industrial growth. In 2023, GDP surged to $75.1 billion, reflecting increased trade, infrastructure projects, and the expansion of key industries like IT and agriculture.

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