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Economy of Serbia vs Suriname compared: GDP & Debt

Updated on by Georank team

Serbia has a GDP of $90.1B compared to $4.42B for Suriname, ranking 76/197 and 164/197 by economy size, respectively.

Serbia has $40.1B in government debt (44.5% of GDP), compared to $3.86B (87.3% of GDP) in Suriname.

Serbia vs Suriname GDP by year

Serbia
Suriname
1x
Year GDP, current $
Serbia Suriname
2024 $90,097,765,959 $4,416,775,112
2023 $81,343,999,280 $3,472,693,412
2022 $66,809,895,701 $3,791,603,200
2021 $66,159,884,073 $3,107,923,198
2020 $55,874,017,669 $2,911,807,496
2019 $53,864,693,665 $4,016,040,575
2018 $52,787,520,249 $3,996,198,867
2017 $45,972,834,714 $3,591,679,431
2016 $42,225,495,910 $3,317,421,648
2015 $41,297,410,635 $5,126,237,646
2014 $49,114,321,280 $5,240,606,061
2013 $50,455,529,604 $5,145,757,576
2012 $45,103,269,969 $4,980,000,000
2011 $51,251,098,408 $4,422,276,622
2010 $43,536,629,233 $4,368,370,998
2009 $46,955,984,410 $3,875,409,836
2008 $54,220,641,202 $3,532,969,035
2007 $44,888,028,946 $2,936,612,022
2006 $33,298,057,362 $2,626,380,435
2005 $28,334,256,181 $1,793,410,397
2004 $26,845,632,342 $1,484,092,538
2003 $23,593,044,418 $1,274,190,311
2002 $17,930,583,571 $1,093,574,468
2001 $13,599,378,662 $834,279,358
2000 $7,326,373,882 $947,671,970
1999 $20,878,694,851 $886,290,698
1998 $21,004,077,441 $1,110,850,000
1997 $27,153,408,995 $926,422,500
1996 $23,277,430,168 $861,372,806
1995 $17,921,892,655 $691,590,498
1994 - $605,492,537
1993 - $428,764,706
1992 - $404,600,000
1991 - $448,100,000
1990 - $388,400,000
1989 - $542,600,000
1988 - $1,161,000,000
1987 - $980,000,000
1986 - $891,000,000
1985 - $873,000,000
1984 - $864,000,000
1983 - $883,500,000
1982 - $915,000,000
1981 - $889,000,000
1980 - $795,000,000
1979 - $782,500,000
1978 - $735,500,000
1977 - $641,500,000
1976 - $505,500,000
1975 - $465,500,000
1974 - $409,850,000
1973 - $339,450,000
1972 - $311,950,000
1971 - $301,000,000
1970 - $274,900,000
1969 - $259,650,000
1968 - $241,350,000
1967 - $220,700,000
1966 - $190,350,000
1965 - $154,150,000
1964 - $134,400,000
1963 - $125,950,000
1962 - $116,150,000
1961 - $107,700,000
1960 - $99,650,000

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/serbia/suriname | CC BY

GDP per capita in Serbia vs Suriname by year

Serbia
GDP per capita

GDP per capita, PPP
Suriname
GDP per capita

GDP per capita, PPP
1x
Year Current $
Serbia Suriname
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $13,679 $32,832 $6,962 $21,801
2023 $12,282 $29,777 $5,522 $21,110
2022 $10,025 $26,143 $6,084 $20,079
2021 $9,681 $23,406 $5,030 $18,458
2020 $8,099 $21,013 $4,755 $16,947
2019 $7,756 $20,587 $6,630 $19,772
2018 $7,560 $18,469 $6,666 $17,855
2017 $6,548 $17,285 $6,050 $17,568
2016 $5,982 $16,455 $5,644 $14,475
2015 $5,820 $15,546 $8,814 $16,544
2014 $6,887 $15,296 $9,108 $16,598
2013 $7,040 $15,247 $9,043 $16,173
2012 $6,263 $14,506 $8,851 $15,185
2011 $7,082 $14,298 $7,950 $13,926
2010 $5,971 $13,320 $7,944 $13,039
2009 $6,414 $13,038 $7,130 $12,393
2008 $7,377 $13,123 $6,576 $12,097
2007 $6,081 $11,685 $5,530 $11,530
2006 $4,493 $10,463 $5,003 $10,803
2005 $3,808 $9,398 $3,453 $10,014
2004 $3,597 $8,715 $2,888 $9,389
2003 $3,154 $8,023 $2,516 $8,552
2002 $2,391 $7,563 $2,202 $8,046
2001 $1,812 $6,803 $1,715 $7,865
2000 $975 $6,416 $1,988 $7,535
1999 $2,769 $5,897 $1,898 $7,367
1998 $2,775 $6,460 $2,429 $7,521
1997 $3,574 $6,040 $2,068 $7,422
1996 $3,054 $5,434 $1,963 $7,048
1995 $2,349 $5,022 $1,610 $7,000
1994 - - $1,434 $6,973
1993 - - $1,022 $6,650
1992 - - $969 $6,992
1991 - - $1,080 $6,852
1990 - - $942 $6,493
1989 - - $1,329 -
1988 - - $2,886 -
1987 - - $2,469 -
1986 - - $2,271 -
1985 - - $2,256 -
1984 - - $2,261 -
1983 - - $2,333 -
1982 - - $2,430 -
1981 - - $2,368 -
1980 - - $2,118 -
1979 - - $2,072 -
1978 - - $1,928 -
1977 - - $1,666 -
1976 - - $1,302 -
1975 - - $1,190 -
1974 - - $1,041 -
1973 - - $858 -
1972 - - $785 -
1971 - - $768 -
1970 - - $724 -
1969 - - $708 -
1968 - - $681 -
1967 - - $644 -
1966 - - $575 -
1965 - - $482 -
1964 - - $435 -
1963 - - $424 -
1962 - - $409 -
1961 - - $395 -
1960 - - $378 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/serbia/suriname | CC BY

Serbia's GDP per capita is $13,679, ranking 73/197, compared to $6,962 in Suriname, ranking 102/197. Adjusted for purchasing power (GDP per capita PPP), Serbia ranks 69th at $32,832, while Suriname ranks 89th at $21,801.

Economic indicators

Serbia Suriname
Gross domestic product
$90.1B
2024
$4.42B
2024
GDP rank
76/197
2024
164/197
2024
GDP growth
3.95%
2023-2024
1.72%
2023-2024
GDP per capita
$13,679
2024
$6,962
2024
GDP per capita rank
73/197
2024
102/197
2024
GDP per capita, PPP
$32,832
2024
$21,801
2024
GDP per capita PPP rank
69/197
2024
89/197
2024
Government debt
$40.1B
2024
$3.86B
2024
Debt-to-GDP ratio
44.5%
2024
87.3%
2024
Government debt per person
$6,084
2024
$6,077
2024
Government debt per person rank
73/185
2024
74/185
2024
Average annual personal income after taxes
$12,252
2026
$3,263
2026
Market capitalization of domestic companies
$4.06B
2011
n/a
Income share by richest 10%
24.7%
2022
30.1%
2022
Income share by poorest 10%
2.4%
2022
2.2%
2022
Government expenditure, % of GDP
42.7%
2024
29.2%
2024
Consumer prices inflation
4.67%
2023-2024
16.2%
2023-2024
Central bank interest rate
5.75%
2024
10%
2013
Unemployment rate
7.24%
2024
7.92%
2016
Population
6494521
646767

Spending and national debt comparison by year

Serbia
Spending

Debt
Suriname
Spending

Debt
1x
Year % of GDP
Serbia Suriname
Government spending Government debt Government spending Government debt
2024 42.7% 44.5% 29.2% 87.3%
2023 40.6% 45.7% 29% 98.2%
2022 41.4% 50.9% 29.5% 116.9%
2021 44.4% 53.6% 32% 115.8%
2020 46% 54.3% 30.2% 146.4%
2019 40.2% 49.5% 40.5% 84%
2018 39% 51.1% 29.5% 68.6%
2017 38.5% 55.3% 28.7% 73%
2016 40.3% 65% 27.9% 75.4%
2015 41% 67.1% 29.9% 41.2%
2014 42.9% 63.5% 25.2% 25.2%
2013 40.6% 54.1% 26.2% 27.9%
2012 43.3% 51.7% 25.1% 20.1%
2011 40% 42% 21% 18.7%
2010 41.2% 38.2% 21% 17.3%
2009 41.1% 32.6% 24% 14.6%
2008 43.7% 29.4% 20.5% 14.8%
2007 40.6% 30% 22.6% 16.4%
2006 41.3% 37% 22.2% 22.5%
2005 38.9% 50.1% 22.2% 27.1%
2004 37.8% 57.6% 20.8% 29.4%
2003 37.6% 64.4% 19.2% 31.5%
2002 38.6% 68.4% 22.2% 37.4%
2001 30.5% 95.9% 21.8% 37.2%
2000 28% 200.6% 24.4% 48.4%
1999 - - 19.6% 32.3%
1998 - - 30.3% 21.6%
1997 - - 21.1% 16.8%
1996 - - 21.4% 11.8%
1995 - - 20.2% 16.3%
1994 - - 19.8% 30.5%
1993 - - 21.2% 51.1%
1992 - - 24.4% 64.4%
1991 - - 26.6% 75.7%
1990 - - 22.7% 72.9%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

GeoRank.org/economy/serbia/suriname | CC BY

In 2024, Serbia's government spending was $38.4B, accounting for 42.7% of its GDP, while Suriname spent $1.29B, or 29.2% of GDP.

Debt-to-GDP ratio is 44.5% in Serbia and 87.3% in Suriname, ranking 121/185 and 37/185, respectively.

Government deficit by year

Deficit/surplus
Serbia

Suriname
1x
Year Deficit/surplus, % of GDP
Serbia Suriname
2024 -1.75% -2.42%
2023 -1.21% -1.68%
2022 -0.14% -2.69%
2021 -3.16% -5.66%
2020 -6.91% -12%
2019 -0.004% -20.2%
2018 0.78% -8.56%
2017 1.32% -8.62%
2016 -1.08% -10.2%
2015 -3.25% -8.29%
2014 -5.61% -2.65%
2013 -4.79% -2.64%
2012 -6.11% -0.38%
2011 -3.75% 2.32%
2010 -3.35% -0.15%
2009 -3.3% 2.03%
2008 -4.25% 2.39%
2007 -0.8% 5.01%
2006 -0.9% 0.59%
2005 1.02% -3.39%
2004 0.06% -1.2%
2003 -2.39% -0.11%
2002 -2.33% -3.3%
2001 0.32% 3.49%
2000 -0.15% -7.76%
1999 - -4.92%
1998 - -6.39%
1997 - -0.32%
1996 - 3.42%
1995 - 1.17%
1994 - -1.89%
1993 - -4.68%
1992 - -6.45%
1991 - -9.8%
1990 - -3.04%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

GeoRank.org/economy/serbia/suriname | CC BY

In 2024, Serbia's government deficit, the difference between spending and revenue, was $1.58B, equivalent to 1.75% of GDP. This compares to Suriname's deficit of $107M, or 2.42% of GDP.

Over the past 25 years, Serbia recorded a fiscal deficit in 20 of those years, while Suriname ran a deficit in 19 years. On average, Serbia posted an annual deficit equal to 2.07% of GDP, compared to deficit of 3.44% of GDP for Suriname.

Inflation comparison by year

Inflation
Serbia

Suriname
1x
Year Consumer prices inflation
Serbia Suriname
2024 4.67% 16.2%
2023 12.4% 51.6%
2022 12% 52.4%
2021 4.09% 59.1%
2020 1.58% 34.9%
2019 1.85% -
2018 1.96% -
2017 3.13% 22%
2016 1.12% 55.4%
2015 1.39% 6.89%
2014 2.08% 3.38%
2013 7.69% 1.92%
2012 7.33% 5.01%
2011 11.1% 17.7%
2010 6.14% 6.94%
2009 8.12% -0.13%
2008 12.4% 14.7%
2007 6.39% 6.43%
2006 11.7% 11.3%
2005 16.1% 9.9%
2004 11% 9.99%
2003 9.88% 23%
2002 19.5% 15.5%
2001 95% 38.6%
2000 71.1% 59.4%
1999 42.5% 98.8%
1998 30.2% 19%
1997 23.3% 7.15%

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

GeoRank.org/economy/serbia/suriname | CC BY

Over the past 28 years, Serbia has recorded an average annual inflation rate of 15.6%, compared with 24.9% in Suriname. In 2024, inflation was 4.67% in Serbia and 16.2% in Suriname.

Top exports between countries

Serbia
Export category Export value
Processed food, beverages & tobacco $567K
Machinery & equipment $295K
Miscellaneous $263K
Chemicals & pharma $238K
Textiles & consumer goods $171K
Wood & paper products $167K
Raw materials & minerals $91K
Metals $1K
Suriname
Export category Export value
Processed food, beverages & tobacco $31K
Machinery & equipment $9K

Balance of trade

Serbia Suriname
Current account balance
-$4.1B
2024
$9.31M
2024
Current account balance ranking
162/190
2024
76/190
2024
Current account balance, % of GDP
-4.56%
2024
+0.21%
2024
Goods imports
$39.6B
2024
$1.65B
2024
Goods exports
$32.2B
2024
$2.58B
2024
Service imports
$12.6B
2024
$921M
2024
Service exports
$15.7B
2024
$211M
2024
Imports of goods and services, % of GDP
58.1%
2024
38.4%
2010
Exports of goods and services, % of GDP
53.6%
2024
52.5%
2010

Economic freedom indices

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

Serbia Suriname
Economic freedom 65 53
Economic freedom ranking 68/197 143/197
Property rights 57.2 40.5
Government integrity 37.2 41
Judicial effectiveness 50.1 46.5
Tax burden 88 69.1
Government spending 48.2 74.3
Fiscal health 94.3 76.6
Business freedom 73.6 56.9
Labor freedom 61.8 69
Monetary freedom 73 56.4
Trade freedom 76.6 65.2
Investment freedom 70 20
Financial freedom 50 20

Economic freedom comparison by year

Serbia
Suriname
1x
Year Economic freedom index
Serbia Suriname
2026 65 53
2025 64.4 50.9
2024 62.7 46.7
2023 63.5 46.1
2022 65.2 48.1
2021 67.2 46.4
2020 66 49.5
2019 63.9 48.1
2018 62.5 48.1
2017 58.9 48
2016 62.1 53.8
2015 60 54.2
2014 59.4 54.2
2013 58.6 52
2012 58 52.6
2011 58 53.1
2010 56.9 52.5
2009 56.6 54.1
2008 - 54.3
2007 - 54.8
2006 - 55.1
2005 - 51.9
2004 - 47.9
2003 43.5 46.9
2002 46.6 48
2001 - 44.3
2000 - 45.8
1999 - 40.1
1998 - 39.9
1997 - 35.9
1996 - 36.7

Data sources: The Heritage Foundation | Economic Freedom Index (1996–2026, retrieved 2026-03-09).

GeoRank.org/economy/serbia/suriname | CC BY

The Economic Freedom Index for Serbia is 65, ranking 68/197, compared to 53 for Suriname, ranking 143/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Serbia Suriname
Services, % of GDP
58.8%
2024
50.8%
2024
Industry, % of GDP
23.1%
2024
35.1%
2024
Agriculture, forestry, and fishing, % of GDP
3.17%
2024
6.77%
2024
GNI, Atlas method
$76.5B
2024
$3.61B
2024
GNI per capita, PPP
$30,770
2024
$20,000
2024
Total reserves including gold
$30.5B
2024
$1.63B
2024
Total reserves ranking
55/177
2024
132/177
2024
Net foreign direct investment
-$4.93B
2024
$26.5M
2024
Net inflows of foreign direct investment
$5.59B
2024
-$37.6M
2024
Net outflows of foreign direct investment
$661M
2024
-$11.1M
2024
Servicing debt to the IMF, % of GNI
12.2%
2024
20.5%
2023
Poverty at national poverty lines
19.7%
2023
70%
2020
Gross capital formation, % of GDP
25%
2024
36.2%
2010

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/suriname | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20)
  3. The Heritage Foundation | Economic Freedom Index (1996–2026, retrieved 2026-03-09)
  4. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  5. TradeMap (2022–2024, 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.