Skip to content

Economy of Serbia vs South Sudan compared: GDP & Debt

Updated on by Georank team

Serbia has a GDP of $90.1B compared to $12B for South Sudan, ranking 76/197 and 149/197 by economy size, respectively.

Serbia has $40.1B in government debt (44.5% of GDP), compared to $7.04B (50.7% of GDP) in South Sudan.

Serbia vs South Sudan GDP by year

Serbia
South Sudan
1x
Year GDP, current $
Serbia South Sudan
2024 $90,097,765,959 -
2023 $81,343,999,280 -
2022 $66,809,895,701 -
2021 $66,159,884,073 -
2020 $55,874,017,669 -
2019 $53,864,693,665 -
2018 $52,787,520,249 -
2017 $45,972,834,714 -
2016 $42,225,495,910 -
2015 $41,297,410,635 $11,997,800,760
2014 $49,114,321,280 $13,962,212,847
2013 $50,455,529,604 $18,426,469,017
2012 $45,103,269,969 $11,931,472,169
2011 $51,251,098,408 $14,907,308,933
2010 $43,536,629,233 $14,602,072,411
2009 $46,955,984,410 $12,231,264,525
2008 $54,220,641,202 $14,586,253,383
2007 $44,888,028,946 -
2006 $33,298,057,362 -
2005 $28,334,256,181 -
2004 $26,845,632,342 -
2003 $23,593,044,418 -
2002 $17,930,583,571 -
2001 $13,599,378,662 -
2000 $7,326,373,882 -
1999 $20,878,694,851 -
1998 $21,004,077,441 -
1997 $27,153,408,995 -
1996 $23,277,430,168 -
1995 $17,921,892,655 -

Data sources: World Bank | Economy & Growth (1995–2024, retrieved 2026-04-06).

GeoRank.org/economy/serbia/south-sudan | CC BY

GDP per capita in Serbia vs South Sudan by year

Serbia
GDP per capita

GDP per capita, PPP
South Sudan
GDP per capita

GDP per capita, PPP
1x
Year Current $
Serbia South Sudan
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $13,679 $32,832 - -
2023 $12,282 $29,777 - -
2022 $10,025 $26,143 - -
2021 $9,681 $23,406 - -
2020 $8,099 $21,013 - -
2019 $7,756 $20,587 - -
2018 $7,560 $18,469 - -
2017 $6,548 $17,285 - -
2016 $5,982 $16,455 - -
2015 $5,820 $15,546 $1,080 $1,155
2014 $6,887 $15,296 $1,243 $1,373
2013 $7,040 $15,247 $1,650 $1,917
2012 $6,263 $14,506 $1,109 $1,417
2011 $7,082 $14,298 $1,449 $2,718
2010 $5,971 $13,320 $1,498 $2,948
2009 $6,414 $13,038 $1,323 $2,911
2008 $7,377 $13,123 $1,654 $2,887
2007 $6,081 $11,685 - -
2006 $4,493 $10,463 - -
2005 $3,808 $9,398 - -
2004 $3,597 $8,715 - -
2003 $3,154 $8,023 - -
2002 $2,391 $7,563 - -
2001 $1,812 $6,803 - -
2000 $975 $6,416 - -
1999 $2,769 $5,897 - -
1998 $2,775 $6,460 - -
1997 $3,574 $6,040 - -
1996 $3,054 $5,434 - -
1995 $2,349 $5,022 - -

Data sources: World Bank | Economy & Growth (1995–2024, retrieved 2026-04-06).

GeoRank.org/economy/serbia/south-sudan | CC BY

Serbia's GDP per capita is $13,679, ranking 73/197, compared to $1,080 in South Sudan, ranking 175/197. Adjusted for purchasing power (GDP per capita PPP), Serbia ranks 69th at $32,832, while South Sudan ranks 197th at $1,155.

Economic indicators

Serbia South Sudan
Gross domestic product
$90.1B
2024
$12B
2015
GDP rank
76/197
2024
149/197
2015
GDP growth
3.95%
2023-2024
-10.8%
2014-2015
GDP per capita
$13,679
2024
$1,080
2015
GDP per capita rank
73/197
2024
175/197
2015
GDP per capita, PPP
$32,832
2024
$1,155
2015
GDP per capita PPP rank
69/197
2024
197/197
2015
Government debt
$40.1B
2024
$7.04B
2015
Debt-to-GDP ratio
44.5%
2024
50.7%
2024
Government debt per person
$6,084
2024
$633
2015
Government debt per person rank
73/185
2024
158/185
2015
Average annual personal income after taxes
$12,252
2026
$1,305
2026
Market capitalization of domestic companies
$4.06B
2011
n/a
Income share by richest 10%
24.7%
2022
33%
2016
Income share by poorest 10%
2.4%
2022
1.8%
2016
Government expenditure, % of GDP
42.7%
2024
18.1%
2024
Consumer prices inflation
4.67%
2023-2024
91.4%
2023-2024
Central bank interest rate
5.75%
2024
15%
2023
Unemployment rate
7.24%
2024
12.3%
2008
Population
6494521
12507858

Spending and national debt comparison by year

Serbia
Spending

Debt
South Sudan
Spending

Debt
1x
Year % of GDP
Serbia South Sudan
Government spending Government debt Government spending Government debt
2024 42.7% 44.5% 18.1% 50.7%
2023 40.6% 45.7% 21.4% 51.9%
2022 41.4% 50.9% 29.4% 37.3%
2021 44.4% 53.6% 44.1% 50.2%
2020 46% 54.3% 34.1% 49%
2019 40.2% 49.5% 47.9% 43.1%
2018 39% 51.1% 54.5% 77.6%
2017 38.5% 55.3% 97% 178.3%
2016 40.3% 65% 66.5% 164.7%
2015 41% 67.1% 34% 58.6%
2014 42.9% 63.5% 35.8% 37.7%
2013 40.6% 54.1% 25.3% 17.6%
2012 43.3% 51.7% 31.6% 8.91%
2011 40% 42% 20.8% -
2010 41.2% 38.2% - -
2009 41.1% 32.6% - -
2008 43.7% 29.4% - -
2007 40.6% 30% - -
2006 41.3% 37% - -
2005 38.9% 50.1% - -
2004 37.8% 57.6% - -
2003 37.6% 64.4% - -
2002 38.6% 68.4% - -
2001 30.5% 95.9% - -
2000 28% 200.6% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (2000–2024, retrieved 2026-02-20).

GeoRank.org/economy/serbia/south-sudan | CC BY

In 2024, Serbia's government spending was $38.4B, accounting for 42.7% of its GDP, while South Sudan spent $4.08B, or 18.1% of GDP.

Debt-to-GDP ratio is 44.5% in Serbia and 50.7% in South Sudan, ranking 121/185 and 105/185, respectively.

Government deficit by year

Deficit/surplus
Serbia

South Sudan
1x
Year Deficit/surplus, % of GDP
Serbia South Sudan
2024 -1.75% 11.7%
2023 -1.21% 8.04%
2022 -0.14% 4.48%
2021 -3.16% -9.3%
2020 -6.91% -5.5%
2019 -0.004% 0.04%
2018 0.78% -1.06%
2017 1.32% 9.56%
2016 -1.08% -19.8%
2015 -3.25% -16.4%
2014 -5.61% -9.07%
2013 -4.79% -3.45%
2012 -6.11% -14.8%
2011 -3.75% 4.57%
2010 -3.35% -
2009 -3.3% -
2008 -4.25% -
2007 -0.8% -
2006 -0.9% -
2005 1.02% -
2004 0.06% -
2003 -2.39% -
2002 -2.33% -
2001 0.32% -
2000 -0.15% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (2000–2024, retrieved 2026-02-20).

GeoRank.org/economy/serbia/south-sudan | CC BY

In 2015, Serbia's government deficit, the difference between spending and revenue, was $1.34B, equivalent to 3.25% of GDP. This compares to South Sudan's deficit of $1.97B, or 16.4% of GDP.

Over the past 5 years, Serbia recorded a fiscal deficit in 5 of those years, while South Sudan ran a deficit in 4 years. On average, Serbia posted an annual deficit equal to 4.7% of GDP, compared to deficit of 7.83% of GDP for South Sudan.

Inflation comparison by year

Inflation
Serbia

South Sudan
1x
Year Consumer prices inflation
Serbia South Sudan
2024 4.67% 91.4%
2023 12.4% 2.38%
2022 12% -6.69%
2021 4.09% 10.5%
2020 1.58% 29.7%
2019 1.85% 87.2%
2018 1.96% 83.5%
2017 3.13% 187.9%
2016 1.12% 380%
2015 1.39% 52.8%
2014 2.08% 1.67%
2013 7.69% -0.06%
2012 7.33% 45.5%
2011 11.1% 46.9%
2010 6.14% 1.17%
2009 8.12% 5.01%
2008 12.4% -
2007 6.39% -
2006 11.7% -
2005 16.1% -
2004 11% -
2003 9.88% -
2002 19.5% -
2001 95% -
2000 71.1% -
1999 42.5% -
1998 30.2% -
1997 23.3% -

Data sources: World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

GeoRank.org/economy/serbia/south-sudan | CC BY

Over the past 16 years, Serbia has recorded an average annual inflation rate of 5.42%, compared with 63.7% in South Sudan. In 2024, inflation was 4.67% in Serbia and 91.4% in South Sudan.

Top exports between countries

Serbia
Export category Export value
Machinery & equipment $26K
Processed food, beverages & tobacco $21K
Raw materials & minerals $4K
Metals $1K
South Sudan
Export category Export value

Balance of trade

Serbia South Sudan
Current account balance
-$4.1B
2024
$578M
2023
Current account balance ranking
162/190
2024
60/190
2023
Current account balance, % of GDP
-4.56%
2024
-4.17%
2015
Goods imports
$39.6B
2024
$2.25B
2023
Goods exports
$32.2B
2024
$4.01B
2023
Service imports
$12.6B
2024
$2.19B
2023
Service exports
$15.7B
2024
$484M
2023
Imports of goods and services, % of GDP
58.1%
2024
28.9%
2015
Exports of goods and services, % of GDP
53.6%
2024
36.7%
2015

Economic freedom indices

The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.

Serbia South Sudan
Economic freedom 65 41
Economic freedom ranking 68/197 186/197
Property rights 57.2 n/a
Government integrity 37.2 n/a
Judicial effectiveness 50.1 n/a
Tax burden 88 n/a
Government spending 48.2 n/a
Fiscal health 94.3 n/a
Business freedom 73.6 n/a
Labor freedom 61.8 n/a
Monetary freedom 73 n/a
Trade freedom 76.6 n/a
Investment freedom 70 n/a
Financial freedom 50 n/a

Other economic metrics

Serbia South Sudan
Services, % of GDP
58.8%
2024
56.6%
2015
Industry, % of GDP
23.1%
2024
33.1%
2015
Agriculture, forestry, and fishing, % of GDP
3.17%
2024
10.4%
2015
GNI, Atlas method
$76.5B
2024
$11.7B
2015
GNI per capita, PPP
$30,770
2024
$1,010
2015
Total reserves including gold
$30.5B
2024
$72.9M
2023
Total reserves ranking
55/177
2024
175/177
2023
Net foreign direct investment
-$4.93B
2024
$2.21M
2019
Net inflows of foreign direct investment
$5.59B
2024
$83.4M
2024
Net outflows of foreign direct investment
$661M
2024
$0
2024
Servicing debt to the IMF, % of GNI
12.2%
2024
n/a
Poverty at national poverty lines
19.7%
2023
66%
2020
Gross capital formation, % of GDP
25%
2024
5.75%
2015

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06); U.S. Census Bureau (1985–2024, retrieved 2026-02-08).

GeoRank.org/economy/serbia/south-sudan | CC BY

Compare countries by 7 more topics

Help us show the world through your eyes

Share a photo of your city and help others discover what it looks like to live there. Your contribution makes our data come alive.

Data sources:

  1. World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (2000–2024, retrieved 2026-02-20)
  3. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  4. The Heritage Foundation | Economic Freedom Index (2026, retrieved 2026-03-09)
  5. TradeMap (2023–2024, retrieved 2026-02-08)
  6. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  7. LivingCost (2026, retrieved 2025-10-14)
  8. Central Intelligence Agency (CIA) (2020, retrieved 2026-02-20)

Creative Commons Attribution (CC BY) — you’re free to copy, share, remix, adapt, and use even commercially as long as you give appropriate credit and clearly indicate if you made changes. Other sources may be subject to different license terms.

The current account balance is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments. It reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. A surplus indicates that a country exports more than it imports, while a deficit shows the opposite.

Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.

A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows. Inflows are credits (increasing foreign claims on domestic assets), while outflows are debits (increasing domestic assets abroad).

Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.

Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.

Principal and interest payments to the IMF in currency, goods, or services on long-term debt expressed as a share of GNI.

Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure. It indicates how much of the economy is devoted to building productive capacity.