Financial Development Index in Serbia
Serbia: Financial Development Index was 0.2512 in 2020. ◆ Volatile
Financial Development Index in Serbia, 1980–2020
Source: International Monetary Fund.
Analysis
Serbia recorded 0.2512 for financial development index in 2020.
That represents a change of up 8.7% over ten years.
Over the whole period, financial development index in Serbia peaked at 0.2967 in 2000 and was at its lowest, 0, in 1980.
That places Serbia 95th out of 183 countries with data for 2020, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Financial Development Index in Serbia, year by year
| Year | Value | Change |
|---|---|---|
| 1980 | 0 | — |
| 1981 | 0 | — |
| 1982 | 0 | — |
| 1983 | 0 | — |
| 1984 | 0 | — |
| 1985 | 0 | — |
| 1986 | 0 | — |
| 1987 | 0 | — |
| 1988 | 0 | — |
| 1989 | 0 | — |
| 1990 | 0 | — |
| 1991 | 0 | — |
| 1992 | 0 | — |
| 1993 | 0 | — |
| 1994 | 0.2271 | — |
| 1995 | 0.2406 | +5.9% |
| 1996 | 0.2457 | +2.1% |
| 1997 | 0.2365 | -3.8% |
| 1998 | 0.2234 | -5.5% |
| 1999 | 0.2611 | +16.9% |
| 2000 | 0.2967 | +13.6% |
| 2001 | 0.2447 | -17.5% |
| 2002 | 0.2179 | -10.9% |
| 2003 | 0.198 | -9.1% |
| 2004 | 0.1297 | -34.5% |
| 2005 | 0.18 | +38.8% |
| 2006 | 0.2102 | +16.8% |
| 2007 | 0.2669 | +27.0% |
| 2008 | 0.2691 | +0.8% |
| 2009 | 0.2347 | -12.8% |
| 2010 | 0.2312 | -1.5% |
| 2011 | 0.2287 | -1.1% |
| 2012 | 0.2247 | -1.7% |
| 2013 | 0.2393 | +6.5% |
| 2014 | 0.2379 | -0.6% |
| 2015 | 0.2387 | +0.3% |
| 2016 | 0.2473 | +3.6% |
| 2017 | 0.2436 | -1.5% |
| 2018 | 0.2479 | +1.8% |
| 2019 | 0.2512 | +1.3% |
| 2020 | 0.2512 | +0.0% |
Serbia compared with similar countries
- Serbia's 0.2512 is below the median for upper middle income countries, which is 0.2539, 99% of the median. (54 countries reporting)
- Serbia's 0.2512 is below the median for Europe & Central Asia, which is 0.4521, 56% of the median. (47 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 0 | 0 | 0 | 10 |
| 1990s | 0.1434 | 0 | 0.2611 | 10 |
| 2000s | 0.2248 | 0.1297 | 0.2967 | 10 |
| 2010s | 0.239 | 0.2247 | 0.2512 | 10 |
| 2020s | 0.2512 | 0.2512 | 0.2512 | 1 |
Countries ranked near Serbia
- 92 Cape Verde 0.2574 compare
- 93 Armenia 0.2561 compare
- 94 North Macedonia 0.2517 compare
- 96 Bangladesh 0.2439 compare
- 97 El Salvador 0.2368 compare
- 98 Tunisia 0.2367 compare
More financial sector data for Serbia
- Reserve position in the IMF, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0006 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 9.8 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 0 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0005 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 7.15 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0006 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 9.8 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 0 % change on previous year (2025)
Frequently asked questions
- What is financial development index in Serbia?
- Financial development index in Serbia was 0.2512 in 2020, according to International Monetary Fund.
- What is the highest financial development index recorded in Serbia?
- The highest recorded value was 0.2967 in 2000.
- What is the lowest financial development index recorded in Serbia?
- The lowest recorded value was 0 in 1980.
- How does Serbia rank for financial development index?
- Serbia ranks 95th out of 183 countries with data for 2020.
- Is financial development index rising or falling in Serbia?
- Over the last ten years it is up 8.7%. The long-run trend across the full record is volatile.
- Where does this Serbia data come from?
- The figures come from International Monetary Fund, published as part of Financial Development Index. Statizoid updates them automatically from the source API.
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About this data
The dataset contains nine indices that summarize how developed financial institutions and financial markets are in terms of their depth, access, and efficiency. These indices are aggregated into an overall index of financial development. With the coverage of over 180 countries on annual frequency from 1980 onwards, the database should offer a useful analytical tool for researchers and policy makers.