Military expenditure in Serbia
Serbia: Military expenditure was 251.43 billion current LCU in 2024. ◆ Volatile
Military expenditure in Serbia, 1996–2024
Source: SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI). Measured in current LCU.
Analysis
In 2024, military expenditure in Serbia stood at 251.43 billion current LCU. That is the highest value across all 29 years on record.
The figure is up 29.1% on the previous year and up 209.6% over ten years.
Over the whole period, military expenditure in Serbia peaked at 251.43 billion current LCU in 2024 and was at its lowest, 3.95 billion current LCU, in 1996.
That places Serbia 51st out of 167 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 6.10 billion current LCU | 3.95 billion current LCU | 8.60 billion current LCU | 4 |
| 2000s | 45.72 billion current LCU | 21.29 billion current LCU | 65.84 billion current LCU | 10 |
| 2010s | 85.76 billion current LCU | 67.81 billion current LCU | 123.72 billion current LCU | 10 |
| 2020s | 183.99 billion current LCU | 132.31 billion current LCU | 251.43 billion current LCU | 5 |
Countries ranked near Serbia
- 48 Saudi Arabia 301.24 billion current LCU compare
- 49 Niger 264.32 billion current LCU compare
- 50 South Sudan 264.15 billion current LCU compare
- 52 Rwanda 231.90 billion current LCU compare
- 53 North Korea 216.60 billion current LCU compare
- 54 Malawi 202.63 billion current LCU compare
More public sector data for Serbia
- Arms imports 153.00 million SIPRI trend indicator values (2024)
- Tax revenue 23.9% (2022)
- Taxes on income, profits and capital gains 17.6% (2022)
- Taxes on goods and services 40.9% (2022)
- Net investment in nonfinancial assets 6.6% (2022)
- Net lending (+) / net borrowing (-) -3.1% (2022)
- Interest payments 3.6% (2022)
- Grants and other revenue 9.2% (2022)
- Interest payments 4.0% (2022)
- Other taxes 0.0% (2022)
Frequently asked questions
- What is military expenditure in Serbia?
- Military expenditure in Serbia was 251.43 billion current LCU in 2024, according to SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI).
- What is the highest military expenditure recorded in Serbia?
- The highest recorded value was 251.43 billion current LCU in 2024.
- What is the lowest military expenditure recorded in Serbia?
- The lowest recorded value was 3.95 billion current LCU in 1996.
- How does Serbia rank for military expenditure?
- Serbia ranks 51st out of 167 countries with data for 2024.
- Is military expenditure rising or falling in Serbia?
- Over the last ten years it is up 209.6%. The long-run trend across the full record is volatile.
- Where does this Serbia data come from?
- The figures come from SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI), published as part of Military expenditure (current LCU). Statizoid updates them automatically from the source API.
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About this data
Military expenditure in local currency at current prices (by calendar year)