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Serbia's Overall Balance (% of GDP): Net Lending/Borrowing Trends and Forecasts (1990-2029)

Serbia's Overall Balance (% of GDP): Net Lending/Borrowing Trends and Forecasts (1990-2029)

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TGM StatBox. (2024). Serbia's Overall Balance (% of GDP): Net Lending/Borrowing Trends and Forecasts (1990-2029). TGM StatBox.
Chart Details
Data Source: International Monetary Fund (IMF)
Timeframe: 1990-2023
Country: Serbia
Published date: 2024
Note: Net lending/borrowing, also referred to as the overall balance, is a measure of a country's fiscal position, expressed as a percentage of its Gross Domestic Product (GDP). According to the International Monetary Fund (IMF), it indicates the difference between government revenues and expenditures, including any borrowing or lending to other sectors.
Key Takeaways
Serbia's fiscal trends highlight the impact of economic restructuring and external shocks. The early 2000s saw moderate deficits, but the global financial crisis widened the gap to -6.4% in 2012. Recovery efforts improved the balance, with a surplus of 1.4% in 2017.

The pandemic pushed the deficit to -7.2% in 2020, but forecasts indicate stabilization around -2.1% by 2029, reflecting Serbia’s commitment to fiscal discipline and economic resilience.

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