Serbia RS: Military Expenditure: % of GDP

1996 - 2017 | Yearly | % | World Bank

Serbia RS: Military Expenditure: % of GDP data was reported at 1.829 % in 2017. This records a decrease from the previous number of 1.881 % for 2016. Serbia RS: Military Expenditure: % of GDP data is updated yearly, averaging 2.351 % from Dec 1996 (Median) to 2017, with 22 observations. The data reached an all-time high of 5.154 % in 2000 and a record low of 1.829 % in 2017. Serbia RS: Military Expenditure: % of GDP data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Serbia – Table RS.World Bank.WDI: Defense and Official Development Assistance. Military expenditures data from SIPRI are derived from the NATO definition, which includes all current and capital expenditures on the armed forces, including peacekeeping forces; defense ministries and other government agencies engaged in defense projects; paramilitary forces, if these are judged to be trained and equipped for military operations; and military space activities. Such expenditures include military and civil personnel, including retirement pensions of military personnel and social services for personnel; operation and maintenance; procurement; military research and development; and military aid (in the military expenditures of the donor country). Excluded are civil defense and current expenditures for previous military activities, such as for veterans' benefits, demobilization, conversion, and destruction of weapons. This definition cannot be applied for all countries, however, since that would require much more detailed information than is available about what is included in military budgets and off-budget military expenditure items. (For example, military budgets might or might not cover civil defense, reserves and auxiliary forces, police and paramilitary forces, dual-purpose forces such as military and civilian police, military grants in kind, pensions for military personnel, and social security contributions paid by one part of government to another.); ; Stockholm International Peace Research Institute (SIPRI), Yearbook: Armaments, Disarmament and International Security.; Weighted average; Data for some countries are based on partial or uncertain data or rough estimates.

View Serbia's Serbia RS: Military Expenditure: % of GDP from 1996 to 2017 in the chart:

Serbia Serbia RS: Military Expenditure: % of GDP

What was Serbia's Serbia RS: Military Expenditure: % of GDP in 2017?

Last Previous Min Max Unit Frequency Range
1.79 2017 1.85 2016 1.79 2017 5.15 2000 % yearly 1996 - 2017

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Serbia Key Series

National Accounts Last Frequency Range
Forecast: GDP PPP Per Capita (PPP Intl $) 33,041.700 2027 yearly 2000 - 2027
Forecast: Nominal GDP Per Capita (USD) 14,532.300 2027 yearly 1997 - 2027
Forecast: Real GDP Growth (%) 4.000 2027 yearly 1999 - 2027
GDP Deflator Growth (%) 12.2 Dec 2022 quarterly Mar 1997 - Dec 2022
GDP per Capita (USD) 12,280.000 2023 yearly 1995 - 2023
Gross Fixed Capital Formation (USD mn) 4,513.041 Jun 2024 quarterly Mar 1995 - Jun 2024
Gross National Product (GNP) (USD mn) 77,012.800 2023 yearly 1997 - 2023
Gross Savings Rate (%) 14.2 Jun 2024 quarterly Mar 1995 - Jun 2024
Investment: % of GDP (%) 23.9 Dec 2022 quarterly Mar 1995 - Dec 2022
Nominal GDP (USD mn) 17,095.0 Dec 2022 quarterly Mar 1995 - Dec 2022
Nominal GDP Growth (%) 9.510 Jun 2024 quarterly Mar 1996 - Jun 2024
Private Consumption Expenditure (USD mn) 14,068.310 Jun 2024 quarterly Mar 1995 - Jun 2024
Private Consumption: % of GDP (%) 66.2 Dec 2022 quarterly Mar 1995 - Dec 2022
Public Consumption Expenditure (USD mn) 3,424.642 Jun 2024 quarterly Mar 1995 - Jun 2024
Public Consumption: % of GDP (%) 16.8 Jun 2024 quarterly Mar 1995 - Jun 2024
Real GDP Growth (%) 4.5 Sep 2019 quarterly Mar 1997 - Sep 2019
Total Trade of Goods & Services: % of Nominal GDP (%) 121.015 Jun 2024 quarterly Mar 1995 - Jun 2024
Production Last Frequency Range
Gold Production (kg) 7,290.000 2022 yearly 2003 - 2022
Industrial Production Index Growth (%) 0.6 May 2023 monthly Jan 2001 - May 2023
Minerals Production (Metric Ton) 36,742,985.000 2022 yearly 2009 - 2022
Motor Vehicle Production (Unit) 186.000 2023 yearly 1997 - 2023
Silver Production (Metric Ton) 8.400 2016 yearly 2003 - 2016
Sales, Orders, Inventory & Shipments Last Frequency Range
New Orders Growth (%) -49.9 Dec 2012 monthly Mar 2011 - Dec 2012
Construction and Properties Last Frequency Range
Building Permits (Unit) 2,578.000 Aug 2024 monthly Jan 2008 - Aug 2024
House Prices Growth (%) -5.0 Dec 2023 semiannually Jun 1995 - Dec 2023
Nominal Residential Property Price Index (2010=100) 213.728 Jun 2024 quarterly Mar 2000 - Jun 2024
Nominal Residential Property Price Index Growth (%) 4.707 Jun 2024 quarterly Mar 2001 - Jun 2024
Real Residential Property Price Index (2010=100) 106.990 Jun 2024 quarterly Mar 2000 - Jun 2024
Real Residential Property Price Index Growth (%) 0.286 Jun 2024 quarterly Mar 2001 - Jun 2024
Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -2.3 Jun 2024 quarterly Dec 2005 - Jun 2024
Forecast: Government Expenditure (RSD bn) 5,668.180 2029 yearly 2000 - 2029
Forecast: Government Net Debt (RSD bn) 5,867.054 2029 yearly 2000 - 2029
Forecast: Government Revenue (RSD bn) 5,070.000 2028 yearly 2000 - 2028
Government Debt: % of GDP (%) 52.4 Jun 2024 quarterly Sep 2004 - Jun 2024
Tax Revenue (USD mn) 2,583.371 Aug 2024 monthly Jan 2005 - Aug 2024
National Government Debt (USD mn) 42,102.4 Aug 2024 monthly Sep 2004 - Aug 2024
Consolidated Fiscal Balance (USD mn) -458.022 Aug 2024 monthly Jan 2005 - Aug 2024
Tax Revenue: % of GDP (%) 42.4 Jun 2024 quarterly Mar 2005 - Jun 2024

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