Current Account Balance: Serbia
Serbia's current account balance is currently -5.3 % of GDP as of 2026. # Serbia Current Account Balance Serbia's current account balance stands at -5.
Current (2026)
-5.3 % of GDP
+0.0% y/y
Peak (2001)
1.9 % of GDP
Low (2008)
-19.1 % of GDP
Source
IMF World Economic Outlook
1997–2026 · 34 pts
Current Account Balance — Serbia
1997 — 2026
Current Account Balance — Serbia
Analysis# Serbia Current Account Balance
Serbia's current account balance stands at -5.3% of GDP in 2026, reflecting persistent external imbalances. The country has swung dramatically from a surplus of 1.9% in 2001 to today's deficit position. The 2008 financial crisis produced Serbia's worst performance at -19.1% of GDP, while the subsequent 28-year period has seen a total deterioration of 17.8 percentage points from 1997 levels.
Recent volatility masks an underlying deficit pattern. A notable improvement appeared in 2023, when the deficit narrowed to -2.3% of GDP, the strongest showing in the current cycle. However, deficits have since widened again to -5.3% in both 2025 and 2026. This trajectory suggests Serbia continues wrestling with structural trade imbalances and capital outflows, with projections indicating the deficit will stabilize rather than improve further.
Historical Data
34 Rows| Year | Value | Change % |
|---|---|---|
| 2030 | -4.8 % of GDP | +2.04% |
| 2029 | -4.9 % of GDP | +3.92% |
| 2028 | -5.1 % of GDP | -18.60% |
| 2027 | -4.3 % of GDP | +18.87% |
| 2026 | -5.3 % of GDP | +0.00% |
| 2025 | -5.3 % of GDP | -12.77% |
| 2024 | -4.7 % of GDP | -104.35% |
| 2023 | -2.3 % of GDP | +64.62% |
| 2022 | -6.5 % of GDP | -58.54% |
| 2021 | -4.1 % of GDP | -5.13% |
| 2020 | -3.9 % of GDP | +40.91% |
| 2019 | -6.6 % of GDP | -43.48% |
| 2018 | -4.6 % of GDP | +8.00% |
| 2017 | -5 % of GDP | -78.57% |
| 2016 | -2.8 % of GDP | +15.15% |
| 2015 | -3.3 % of GDP | +38.89% |
| 2014 | -5.4 % of GDP | +1.82% |
| 2013 | -5.5 % of GDP | +47.12% |
| 2012 | -10.4 % of GDP | -33.33% |
| 2011 | -7.8 % of GDP | -34.48% |
Show all 34 rows
| Year | Value | Change % |
|---|---|---|
| 2010 | -5.8 % of GDP | -1.75% |
| 2009 | -5.7 % of GDP | +70.16% |
| 2008 | -19.1 % of GDP | -24.03% |
| 2007 | -15.4 % of GDP | -73.03% |
| 2006 | -8.9 % of GDP | -14.10% |
| 2005 | -7.8 % of GDP | +36.07% |
| 2004 | -12.2 % of GDP | -87.69% |
| 2003 | -6.5 % of GDP | -85.71% |
| 2002 | -3.5 % of GDP | -284.21% |
| 2001 | 1.9 % of GDP | +211.76% |
| 2000 | -1.7 % of GDP | +51.43% |
| 1999 | -3.5 % of GDP | -52.17% |
| 1998 | -2.3 % of GDP | +48.89% |
| 1997 | -4.5 % of GDP | — |
Related Data
Other Metrics
For Serbia
Compare Current Account Balance
Same metric, other countries
Demographics
People & population data