Italy vs Serbia: Economic Indicators Comparison

Italy with a GDP of $2.1T ranked the 8th largest economy in the world, while Serbia ranked 84th with $50.6B. By GDP 5-years average growth and GDP per capita, Italy and Serbia ranked 154th vs 131st and 29th vs 90th, respectively.

Gross Domestic Product & Income

StatItalySerbia
GDP$2.1T$50.6B
GDP growth, 1 year0.9%4.4%
GDP growth, 5-years average0.9%2%
Population60.3M7M
GDP per capita$34k$7.2k
GDP per capita growth0.95%4.97%
Purchasing Power Parity conversion factor0.741.64
Price level ratio of PPP conversion factor GDP to market exchange rate0.820.42
GDP per capita, PPP adjusted$40k$18k
GNI, Atlas method$2T$44.6B
GNI per capita$34k$6.4k
GNI, PPP adjusted$2.6T$115.5B
GNI per capita, PPP adjusted$42k$17k

Financial system and Human development

StatItalySerbia
Income Tax Rate43%10%
Corporate Tax Rate27.5%15%
Inflation, consumer prices1.2%2%
Inflation, GDP deflator0.9%2.1%
Unemployment10.2%13.5%
Economic Freedom Index63.866
Personal Freedom Index8.797.84
Human Freedom Index8.017.19
Property Rights Index75.455.4
Judical Effectiveness Index51.346.8
Business Freedom Index70.472.6
Fiscal Health Index71.194.1
Labor Freedom Index50.966.9
Investment Freedom Index8070
Financial Freedom Index5050
Trade Freedom Index86.478
Monetary Freedom Index83.280.7
Government Spending Index28.549.7
Tax Burden Index5683.7
Government Integrity Index62.244
Corruption Perceptions Index5239
Life expectancy at birth, years83.276.1
Suicide mortality rate, per 100,000 people8.215.6
Mortality caused by road traffic injury, per 100,000 people5.67.4
Intentional homicides, per 100,000 people0.71.1
International tourism, number of arrivals61.6M1.7M

Government debt & reserves

StatItalySerbia
Central government debt, % of GDP132.1%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 GNI6%-3.2%
Gross savings, % of GDP20.8%18.6%
Gross capital formation, % of GDP18.2%22.7%
Total reserves including gold$152.4B$12.9B
Foreign direct investment net inflows$39.6B$4.1B

Exports, imports and economic structure

StatItalySerbia
Exports of goods and services, % of GDP31.5%50.8%
Imports of goods and services, % of GDP29%59.3%
Current account balance (balance of payments)$53.8B-$2.6B
Revenue excluding grants, % of GDP37.7%32.8%
Grants excluding technical cooperation, BoPN/A$334.6M
Personal remittances received$9.9B$4.3B
Industry including construction value added, % of GDP21.4%25.5%
Agriculture, forestry and fishing value added, % of GDP1.9%6.3%
Charges for the use of intellectual property, payments BoP$5.1B$289.7M
Charges for the use of intellectual property, receipts BoP$4.9B$57.9M
Expense, % of GDP41.3%36.9%
Government Expenditure, % of GDP48.8%40.9%

Compare with countries close by GDP per capita

Italy vs

CountryGDP
per capita
Population
Sweden
$55k
10.3M
Netherlands
$53k
17.3M
Austria
$51k
8.81M
Finland
$50k
5.5M
San Marino
$48k
33.4k
Germany
$48k
83.1M
Belgium
$48k
11.4M
Canada
$46k
37.9M
United Arab Emirates
$43k
9.4M
United Kingdom
$43k
66M
Andorra
$42k
76.2k
New Zealand
$42k
4.94M
Israel
$42k
9.09M
France
$41k
66.6M
Japan
$39k
127M
Kuwait
$34k
4.6M
Bahamas
$32k
395k
Brunei
$32k
429k
South Korea
$31k
51.5M
Spain
$30k
46.7M
Malta
$30k
465k
Cyprus
$28k
1.14M
Slovenia
$26k
2.07M
Taiwan
$25k
23.6M
Bahrain
$24k
1.49M
Portugal
$23k
10.6M
Saudi Arabia
$23k
33M
Estonia
$23k
1.32M
Czech Republic
$23k
10.7M
Vatican City
$21k
1k

Serbia vs

CountryGDP
per capita
Population
Kazakhstan
$9.8k
18.3M
China
$9.8k
1.41B
Mexico
$9.7k
131M
Turkey
$9.4k
82M
Bulgaria
$9.3k
7M
Brazil
$8.9k
210M
Montenegro
$8.8k
622k
Cuba
$8.8k
11.5M
Lebanon
$8.3k
6.1M
Botswana
$8.3k
2.29M
Dominican Republic
$8.1k
10.4M
Gabon
$8k
2.03M
Dominica
$7.7k
73.9k
Saint Vincent
$7.4k
110k
Thailand
$7.3k
65.9M
Libya
$7.2k
6.68M
Turkmenistan
$7k
5.85M
Peru
$6.9k
29.4M
Colombia
$6.7k
49.1M
South Africa
$6.4k
57.7M
Ecuador
$6.3k
16.6M
Belarus
$6.3k
9.41M
Fiji
$6.3k
906k
Suriname
$6.2k
563k
North Macedonia
$6.1k
2.08M
Bosnia and Herzegovina
$6.1k
3.51M
Namibia
$5.9k
2.53M
Iraq
$5.8k
38.3M
Paraguay
$5.8k
6.81M
Iran
$5.6k
80M