Remittance inflows to GDP in Serbia
Serbia: Remittance inflows to GDP was 7.3% in 2020. β² Rising
Remittance inflows to GDP in Serbia, 2005β2020
Source: World Development Indicators (WDI), World Bank. Measured in %.
Analysis
The most recent figure for remittance inflows to gdp in Serbia is 7.3%, measured in 2020.
Compared with earlier readings it is down 11.8% on the previous year and down 26.3% over ten years.
Over the whole period, remittance inflows to gdp in Serbia peaked at 10.3% in 2009 and was at its lowest, 0.0%, in 2005.
Serbia ranks 52nd of 196 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 16 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 5.2% | 0.0% | 10.3% | 5 |
| 2010s | 8.4% | 7.9% | 9.8% | 10 |
| 2020s | 7.3% | 7.3% | 7.3% | 1 |
Countries ranked near Serbia
More financial sector data for Serbia
- Total reserves (gold at national valuation) 24.86 billion SDR (2025)
- Net domestic credit (current LCU), annual growth rate 20.17 % change on previous year (2025)
- Net domestic credit (current LCU), per unit of GDP 42.52 current LCU per US$ of GDP (2025)
- Net domestic credit (current LCU), per capita 648,933 current LCU per person (2025)
- Gold reserves at 35 SDRs per ounce 59.09 million SDR (2025)
- Gold reserves at market value 5.38 billion SDR (2025)
- Reserves excluding gold, foreign exchange 19.50 billion SDR (2025)
- Reserves excluding gold 19.55 billion SDR (2025)
- Total reserves (gold at market value) 24.94 billion SDR (2025)
- Domestic credit to private sector by banks 35.4% (2025)
Frequently asked questions
- What is remittance inflows to gdp in Serbia?
- Remittance inflows to gdp in Serbia was 7.3% in 2020, according to World Development Indicators (WDI), World Bank.
- What is the highest remittance inflows to gdp recorded in Serbia?
- The highest recorded value was 10.3% in 2009.
- What is the lowest remittance inflows to gdp recorded in Serbia?
- The lowest recorded value was 0.0% in 2005.
- How does Serbia rank for remittance inflows to gdp?
- Serbia ranks 52nd out of 196 countries with data for 2020.
- Is remittance inflows to gdp rising or falling in Serbia?
- Over the last ten years it is down 26.3%. The long-run trend across the full record is rising.
- Where does this Serbia data come from?
- The figures come from World Development Indicators (WDI), World Bank, published as part of Remittance inflows to GDP (%). Statizoid updates them automatically from the source API.
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CSV Β· JSON β 16 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Workers' remittances and compensation of employees comprise current transfers by migrant workers and wages and salaries earned by nonresident workers. Data are the sum of three items defined in the fifth edition of the IMF's Balance of Payments Manual: workers' remittances, compensation of employees, and migrants' transfers. Remittances are classified as current private transfers from migrant workers resident in the host country for more than a year, irrespective of their immigration status, to recipients in their country of origin. Migrants' transfers are defined as the net worth of migrants who are expected to remain in the host country for more than one year that is transferred from one country to another at the time of migration. Compensation of employees is the income of migrants who have lived in the host country for less than a year.