Serbia recorded a Government Debt to GDP of 44.40 percent of the country's Gross Domestic Product in 2025. Government Debt to GDP in Serbia averaged 55.03 percent of GDP from 2000 until 2025, reaching an all time high of 179.60 percent of GDP in 2000 and a record low of 25.80 percent of GDP in 2008. source: Ministry of Finance, Republic of Serbia

Government Debt to GDP in Serbia is expected to reach 46.70 percent of GDP by the end of 2026, according to Trading Economics global macro models and analysts expectations. In the long-term, the Serbia Government Debt to GDP is projected to trend around 48.00 percent of GDP in 2027 and 49.50 percent of GDP in 2028, according to our econometric models.



Related Last Previous Unit Reference
Credit Rating 50.00 May 2026
Fiscal Expenditure 222456.60 199190.50 RSD Million Mar 2026
Government Budget -2.60 -2.20 percent of GDP Dec 2025
Government Budget Value -27428.10 -32896.10 RSD Million Mar 2026
Government Debt 26048.70 25350.30 EUR Million Dec 2025
Government Debt to GDP 44.40 46.70 percent of GDP Dec 2025
Government Revenues 195028.50 166294.40 RSD Million Mar 2026
Government Spending 361880.70 319436.00 RSD Million Dec 2025
Government Spending to GDP 43.40 42.40 percent of GDP Dec 2025
Holidays
Military Expenditure 2781.30 2403.60 USD Million Dec 2025


Serbia Government Debt to GDP
Generally, Government debt as a percent of GDP is used by investors to measure a country ability to make future payments on its debt, thus affecting the country borrowing costs and government bond yields.
Actual Previous Highest Lowest Dates Unit Frequency
44.40 46.70 179.60 25.80 2000 - 2025 percent of GDP Yearly