Serbia vs Slovakia: Economic Indicators Comparison

Slovakia with a GDP of $105.9B ranked the 62nd largest economy in the world, while Serbia ranked 84th with $50.6B. By GDP 5-years average growth and GDP per capita, Slovakia and Serbia ranked 65th vs 131st and 47th vs 90th, respectively.

Gross Domestic Product & Income

StatSerbiaSlovakia
GDP$50.6B$105.9B
GDP growth, 1 year4.4%4.1%
GDP growth, 5-years average2%3.5%
Population7M5.4M
GDP per capita$7.2k$19k
GDP per capita growth4.97%3.89%
Purchasing Power Parity conversion factor41.640.49
Price level ratio of PPP conversion factor GDP to market exchange rate0.420.58
GDP per capita, PPP adjusted$18k$35k
GNI, Atlas method$44.6B$99.5B
GNI per capita$6.4k$18k
GNI, PPP adjusted$115.5B$180.1B
GNI per capita, PPP adjusted$17k$33k

Financial system and Human development

StatSerbiaSlovakia
Income Tax Rate10%25%
Corporate Tax Rate15%21%
Inflation, consumer prices2%2.5%
Inflation, GDP deflator2.1%2%
Unemployment13.5%6.8%
Economic Freedom Index6666.8
Personal Freedom Index7.848.87
Human Freedom Index7.198.29
Property Rights Index55.473.1
Judical Effectiveness Index46.841.7
Business Freedom Index72.655.3
Fiscal Health Index94.192.6
Labor Freedom Index66.952.6
Investment Freedom Index7075
Financial Freedom Index5070
Trade Freedom Index7886.4
Monetary Freedom Index80.775.9
Government Spending Index49.750.2
Tax Burden Index83.778.5
Government Integrity Index4449.7
Corruption Perceptions Index3950
Life expectancy at birth, years76.177.2
Suicide mortality rate, per 100,000 people15.612.8
Mortality caused by road traffic injury, per 100,000 people7.46.1
Intentional homicides, per 100,000 people1.11.5
International tourism, number of arrivals1.7M2.3M

Government debt & reserves

StatSerbiaSlovakia
Central government debt, % of GDP54.3%48.8%
External debt stocks, % of GNI71.7%N/A
External debt stocks$34.3BN/A
Short-term debt, % of total reserves16.4%N/A
Total debt service, % of exports and primary income22.3%N/A
Adjusted net savings including particulate emission damage, % of GNI-3.2%5.6%
Gross savings, % of GDP18.6%22.1%
Gross capital formation, % of GDP22.7%23.4%
Total reserves including gold$12.9B$5.2B
Foreign direct investment net inflows$4.1B$2.6B

Exports, imports and economic structure

StatSerbiaSlovakia
Exports of goods and services, % of GDP50.8%96.1%
Imports of goods and services, % of GDP59.3%94.1%
Current account balance (balance of payments)-$2.6B-$2.8B
Revenue excluding grants, % of GDP32.8%37.7%
Grants excluding technical cooperation, BoP$334.6M$183.9M
Personal remittances received$4.3B$2.1B
Industry including construction value added, % of GDP25.5%30.1%
Agriculture, forestry and fishing value added, % of GDP6.3%2.4%
Charges for the use of intellectual property, payments BoP$289.7M$749.1M
Charges for the use of intellectual property, receipts BoP$57.9M$55.5M
Expense, % of GDP36.9%39%
Government Expenditure, % of GDP40.9%40.8%

Compare with countries close by GDP per capita

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

Slovakia vs

CountryGDP
per capita
Population
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
Greece
$20k
10.8M
Curacao
$20k
160k
Saint Kitts and Nevis
$19k
55.3k
Lithuania
$19k
2.79M
Barbados
$18k
286k
Latvia
$18k
1.91M
Uruguay
$17k
3.46M
Trinidad and Tobago
$17k
1.37M
Antigua and Barbuda
$17k
102k
Seychelles
$16k
95.8k
Oman
$16k
4.83M
Hungary
$16k
9.94M
Venezuela
$16k
28.5M
Chile
$16k
18.1M
Palau
$16k
21.7k
Panama
$16k
4.1M
Poland
$15k
38.4M