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Australia vs Serbia: Economic Indicators Comparison

Australia with a GDP of $1.4T ranked the 13th largest economy in the world, while Serbia ranked 84th with $50.6B. By GDP 5-years average growth and GDP per capita, Australia and Serbia ranked 111st vs 131st and 13th vs 90th, respectively.

Gross Domestic Product & Income

StatAustraliaSerbia
GDP$1.4T$50.6B
GDP growth, 1 year2.8%4.4%
GDP growth, 5-years average2.6%2%
Population23.4M7M
GDP per capita$57k$7.2k
GDP per capita growth1.33%4.97%
Purchasing Power Parity conversion factor1.4341.64
Price level ratio of PPP conversion factor GDP to market exchange rate1.110.42
GDP per capita, PPP adjusted$52k$18k
GNI, Atlas method$1.3T$44.6B
GNI per capita$53k$6.4k
GNI, PPP adjusted$1.3T$115.5B
GNI per capita, PPP adjusted$50k$17k

Financial system and Human development

StatAustraliaSerbia
Income Tax Rate45%10%
Corporate Tax Rate30%15%
Inflation, consumer prices2%2%
Inflation, GDP deflator1.9%2.1%
Unemployment5.4%13.5%
Economic Freedom Index82.666
Personal Freedom Index9.297.84
Human Freedom Index8.737.19
Property Rights Index82.855.4
Judical Effectiveness Index86.146.8
Business Freedom Index87.872.6
Fiscal Health Index91.894.1
Labor Freedom Index8466.9
Investment Freedom Index8070
Financial Freedom Index9050
Trade Freedom Index88.278
Monetary Freedom Index86.280.7
Government Spending Index61.649.7
Tax Burden Index6383.7
Government Integrity Index89.344
Corruption Perceptions Index7739
Life expectancy at birth, years82.576.1
Suicide mortality rate, per 100,000 people13.215.6
Mortality caused by road traffic injury, per 100,000 people5.67.4
Intentional homicides, per 100,000 people0.81.1
International tourism, number of arrivals9.2M1.7M

Government debt & reserves

StatAustraliaSerbia
Central government debt, % of GDP40.7%54.3%
External debt stocks, % of GNIN/A71.7%
External debt stocksN/A$34.3B
Short-term debt, % of total reservesN/A16.4%
Total debt service, % of exports and primary incomeN/A22.3%
Adjusted net savings including particulate emission damage, % of GNI5.6%-3.2%
Gross savings, % of GDP21.7%18.6%
Gross capital formation, % of GDP24.5%22.7%
Total reserves including gold$53.9B$12.9B
Foreign direct investment net inflows$60.3B$4.1B

Exports, imports and economic structure

StatAustraliaSerbia
Exports of goods and services, % of GDP21.8%50.8%
Imports of goods and services, % of GDP21.4%59.3%
Current account balance (balance of payments)-$29.7B-$2.6B
Revenue excluding grants, % of GDP25.7%32.8%
Grants excluding technical cooperation, BoPN/A$334.6M
Personal remittances received$1.9B$4.3B
Industry including construction value added, % of GDP24.1%25.5%
Agriculture, forestry and fishing value added, % of GDP2.5%6.3%
Charges for the use of intellectual property, payments BoP$3.6B$289.7M
Charges for the use of intellectual property, receipts BoP$973.4M$57.9M
Expense, % of GDP26.1%36.9%
Government Expenditure, % of GDP35.8%40.9%

Compare with countries close by GDP per capita

Australia vs

CountryGDP
per capita
Population
Liechtenstein
$165k
37.9k
Luxembourg
$117k
614k
Switzerland
$83k
8.21M
Norway
$82k
5.33M
Cayman Islands
$81k
58.4k
Ireland
$79k
4.76M
Iceland
$73k
357k
Qatar
$69k
2.17M
Singapore
$65k
5.89M
United States
$63k
325M
Denmark
$61k
5.83M
Sweden
$55k
10.3M
Netherlands
$53k
17.2M
Austria
$51k
8.81M
Finland
$50k
5.5M
San Marino
$48k
31.6k
Germany
$48k
83M
Belgium
$48k
11.2M
Canada
$46k
35.7M
United Arab Emirates
$43k
9.35M
United Kingdom
$43k
65.1M
Andorra
$42k
76.2k
New Zealand
$42k
4.89M
Israel
$42k
8.89M
France
$41k
66.6M
Japan
$39k
127M
Italy
$34k
60.6M
Kuwait
$34k
4.66M
Bahamas
$32k
377k
Brunei
$32k
418k

Serbia vs

CountryGDP
per capita
Population
Kazakhstan
$9.8k
18M
China
$9.8k
1.41B
Mexico
$9.7k
131M
Turkey
$9.4k
82M
Bulgaria
$9.3k
7.27M
Brazil
$8.9k
208M
Montenegro
$8.8k
622k
Cuba
$8.8k
11.3M
Lebanon
$8.3k
4.47M
Botswana
$8.3k
2.02M
Dominican Republic
$8.1k
10.4M
Gabon
$8k
1.67M
Dominica
$7.7k
72k
Saint Vincent
$7.4k
109k
Thailand
$7.3k
65.9M
Libya
$7.2k
5.66M
Turkmenistan
$7k
5.13M
Peru
$6.9k
30.4M
Colombia
$6.7k
49.1M
South Africa
$6.4k
57.7M
Ecuador
$6.3k
15.7M
Belarus
$6.3k
9.49M
Fiji
$6.3k
881k
Suriname
$6.2k
539k
North Macedonia
$6.1k
2.08M
Bosnia and Herzegovina
$6.1k
3.51M
Namibia
$5.9k
2.3M
Iraq
$5.8k
33.4M
Paraguay
$5.8k
6.8M
Iran
$5.6k
77.4M