Inflation, GDP deflator: linked series (annual %) in Serbia
Serbia: Inflation, GDP deflator: linked series (annual %) was 4.5% in 2025. ◆ Volatile
Inflation, GDP deflator: linked series in Serbia, 1996–2025
Source: Staff estimates, World Bank (WB). Measured in annual %.
Analysis
Serbia recorded 4.5% for inflation, gdp deflator: linked series in 2025.
That represents a change of down 29.3% on the previous year and up 107.0% over ten years.
Over the whole period, inflation, gdp deflator: linked series in Serbia peaked at 85.6% in 1996 and was at its lowest, 1.5%, in 2016.
That places Serbia 76th out of 214 countries with data for 2025, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Inflation, GDP deflator: linked series (annual %) in Serbia, year by year
| Year | annual % | Change |
|---|---|---|
| 1996 | 85.6% | — |
| 1997 | 17.9% | -79.1% |
| 1998 | 24.6% | +37.3% |
| 1999 | 28.9% | +17.4% |
| 2000 | 79.2% | +174.4% |
| 2001 | 84.2% | +6.2% |
| 2002 | 19.1% | -77.3% |
| 2003 | 12.5% | -34.4% |
| 2004 | 8.1% | -35.1% |
| 2005 | 13.9% | +70.8% |
| 2006 | 13.8% | -0.3% |
| 2007 | 8.8% | -36.2% |
| 2008 | 9.5% | +7.5% |
| 2009 | 8.4% | -11.2% |
| 2010 | 5.0% | -41.3% |
| 2011 | 11.0% | +122.3% |
| 2012 | 6.0% | -45.1% |
| 2013 | 7.8% | +29.1% |
| 2014 | 2.9% | -62.7% |
| 2015 | 2.2% | -25.4% |
| 2016 | 1.5% | -28.8% |
| 2017 | 3.0% | +94.2% |
| 2018 | 2.0% | -33.3% |
| 2019 | 2.3% | +17.4% |
| 2020 | 2.6% | +12.8% |
| 2021 | 5.7% | +114.5% |
| 2022 | 10.5% | +84.0% |
| 2023 | 13.9% | +33.2% |
| 2024 | 6.3% | -54.4% |
| 2025 | 4.5% | -29.3% |
Serbia compared with similar countries
- Serbia's 4.5% is above the median for upper middle income countries, which is 3.3%, 1.3× the median. (59 countries reporting)
- Serbia's 4.5% is above the median for Europe & Central Asia, which is 3.5%, 1.3× the median. (56 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 39.2% | 17.9% | 85.6% | 4 |
| 2000s | 25.8% | 8.1% | 84.2% | 10 |
| 2010s | 4.4% | 1.5% | 11.0% | 10 |
| 2020s | 7.3% | 2.6% | 13.9% | 6 |
Countries ranked near Serbia
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 inflation, gdp deflator: linked series in Serbia?
- Inflation, gdp deflator: linked series in Serbia was 4.5% in 2025, according to Staff estimates, World Bank (WB).
- What is the highest inflation, gdp deflator: linked series recorded in Serbia?
- The highest recorded value was 85.6% in 1996.
- What is the lowest inflation, gdp deflator: linked series recorded in Serbia?
- The lowest recorded value was 1.5% in 2016.
- How does Serbia rank for inflation, gdp deflator: linked series?
- Serbia ranks 76th out of 214 countries with data for 2025.
- Is inflation, gdp deflator: linked series rising or falling in Serbia?
- Over the last ten years it is up 107.0%. The long-run trend across the full record is volatile.
- Where does this Serbia data come from?
- The figures come from Staff estimates, World Bank (WB), published as part of Inflation, GDP deflator: linked series (annual %). Statizoid updates them automatically from the source API.
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About this data
Inflation as measured by the annual growth rate of the GDP implicit deflator shows the rate of price change in the economy as a whole. The GDP implicit deflator is the ratio of GDP in current local currency to GDP in constant local currency. This series has been linked to produce a consistent time series to counteract breaks in series over time due to changes in base years, source data and methodologies. Thus, it may not be comparable with other national accounts series in the database for historical years. This indicator denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.