New Zealand vs Serbia: Economic Indicators Comparison

New Zealand with a GDP of $204.9B ranked the 53rd largest economy in the world, while Serbia ranked 84th with $50.6B. By GDP 5-years average growth and GDP per capita, New Zealand and Serbia ranked 72nd vs 131st and 25th vs 90th, respectively.

Gross Domestic Product & Income

StatNew ZealandSerbia
GDP$204.9B$50.6B
GDP growth, 1 year3%4.4%
GDP growth, 5-years average3.4%2%
Population4.9M7M
GDP per capita$42k$7.2k
GDP per capita growth0.85%4.97%
Purchasing Power Parity conversion factor1.4841.64
Price level ratio of PPP conversion factor GDP to market exchange rate1.020.42
GDP per capita, PPP adjusted$40k$18k
GNI, Atlas method$198.6B$44.6B
GNI per capita$41k$6.4k
GNI, PPP adjusted$192.5B$115.5B
GNI per capita, PPP adjusted$39k$17k

Financial system and Human development

StatNew ZealandSerbia
Income Tax Rate33%10%
Corporate Tax Rate28%15%
Inflation, consumer prices1.6%2%
Inflation, GDP deflator1.1%2.1%
Unemployment4.5%13.5%
Economic Freedom Index84.166
Personal Freedom Index9.427.84
Human Freedom Index8.947.19
Property Rights Index93.355.4
Judical Effectiveness Index79.146.8
Business Freedom Index90.472.6
Fiscal Health Index98.394.1
Labor Freedom Index86.766.9
Investment Freedom Index8070
Financial Freedom Index8050
Trade Freedom Index92.278
Monetary Freedom Index8780.7
Government Spending Index57.849.7
Tax Burden Index7183.7
Government Integrity Index93.944
Corruption Perceptions Index8739
Life expectancy at birth, years81.776.1
Suicide mortality rate, per 100,000 people12.115.6
Mortality caused by road traffic injury, per 100,000 people7.87.4
Intentional homicides, per 100,000 people0.71.1
International tourism, number of arrivals3.7M1.7M

Government debt & reserves

StatNew ZealandSerbia
Central government debt, % of GDP29.4%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 GNI13.9%-3.2%
Gross savings, % of GDP19.6%18.6%
Gross capital formation, % of GDP23.9%22.7%
Total reserves including gold$17.7B$12.9B
Foreign direct investment net inflows$2.1B$4.1B

Exports, imports and economic structure

StatNew ZealandSerbia
Exports of goods and services, % of GDP28.1%50.8%
Imports of goods and services, % of GDP28.3%59.3%
Current account balance (balance of payments)-$7.7B-$2.6B
Revenue excluding grants, % of GDP33%32.8%
Grants excluding technical cooperation, BoPN/A$334.6M
Personal remittances received$452.5M$4.3B
Industry including construction value added, % of GDP19.2%25.5%
Agriculture, forestry and fishing value added, % of GDP6.6%6.3%
Charges for the use of intellectual property, payments BoP$912.8M$289.7M
Charges for the use of intellectual property, receipts BoP$540.5M$57.9M
Expense, % of GDP30.7%36.9%
Government Expenditure, % of GDP37.5%40.9%

Compare with countries close by GDP per capita

New Zealand vs

CountryGDP
per capita
Population
Singapore
$65k
5.89M
United States
$63k
325M
Denmark
$61k
5.83M
Australia
$57k
24.5M
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
Israel
$42k
9.09M
France
$41k
66.6M
Japan
$39k
127M
Italy
$34k
60.3M
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

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