Skip to content

Economy of Serbia vs Tanzania compared: GDP & Debt

Updated on by Georank

Serbia has a GDP of $100B compared to $90.1B for Tanzania, ranking 76/197 and 83/197 by economy size, respectively.

Serbia has $42.4B in government debt (42.4% of GDP), compared to $44.8B (49.7% of GDP) in Tanzania.

Serbia vs Tanzania GDP by year

Serbia
Tanzania
1x
Year GDP, current $
Serbia Tanzania
2025 $99,953,324,473 $90,143,496,090
2024 $90,088,366,320 $79,235,713,445
2023 $81,343,999,280 $79,030,935,638
2022 $66,809,895,701 $75,749,121,847
2021 $66,159,884,073 $70,655,628,148
2020 $55,874,017,669 $66,068,737,786
2019 $53,864,693,665 $61,026,731,926
2018 $52,787,520,249 $57,003,712,892
2017 $45,972,834,714 $53,274,884,533
2016 $42,225,495,910 $49,774,409,374
2015 $41,297,410,635 $47,413,919,817
2014 $49,114,321,280 $49,986,726,461
2013 $50,455,529,604 $45,648,857,242
2012 $45,103,269,969 $39,650,394,363
2011 $51,251,098,408 $34,657,140,096
2010 $43,536,629,233 $32,012,892,919
2009 $46,955,984,410 $29,400,573,554
2008 $54,220,641,202 $27,947,821,398
2007 $44,888,028,946 $21,860,434,823
2006 $33,298,057,362 $18,619,859,795
2005 $28,334,256,181 $18,395,383,647
2004 $26,845,632,342 $16,673,062,473
2003 $23,593,044,418 $15,211,487,709
2002 $17,930,583,571 $14,129,651,896
2001 $13,599,378,662 $13,563,990,022
2000 $7,326,373,882 $13,371,767,082
1999 $20,878,694,851 $12,704,334,196
1998 $21,004,077,441 $12,172,790,056
1997 $27,153,408,995 $11,158,197,942
1996 $23,277,430,168 $9,433,528,150
1995 $17,921,892,655 $7,631,431,840
1994 - $6,550,480,484
1993 - $6,182,872,708
1992 - $6,681,997,469
1991 - $7,197,768,159
1990 - $6,184,384,225
1989 - $6,418,799,007
1988 - $7,406,614,407
1987 - $7,824,193,222
1986 - $10,840,864,521
1985 - $15,328,295,175
1984 - $12,906,635,133
1983 - $14,049,883,809
1982 - $13,927,383,240
1981 - $13,161,540,378
1980 - $11,409,228,087
1979 - $9,804,637,491
1978 - $9,261,675,710
1977 - $7,732,598,995
1976 - $6,472,511,988
1975 - $5,729,917,840
1974 - $4,977,337,978
1973 - $4,144,104,535
1972 - $3,472,787,266
1971 - $3,050,673,517
1970 - $2,851,419,386
1969 - $5,142,066,811
1968 - $4,895,251,824
1967 - $4,565,132,048
1966 - $4,377,998,825
1965 - $3,817,226,546
1964 - $3,748,840,925
1963 - $3,456,579,293
1962 - $3,101,589,993
1961 - $2,826,179,031
1960 - $2,651,729,807

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

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

GDP per capita in Serbia vs Tanzania by year

Serbia
GDP per capita

GDP per capita, PPP
Tanzania
GDP per capita

GDP per capita, PPP
1x
Year Current $
Serbia Tanzania
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $15,262 - $1,278 -
2024 $13,678 $32,832 $1,156 $4,221
2023 $12,282 $29,777 $1,186 $4,019
2022 $10,025 $26,143 $1,171 $3,800
2021 $9,681 $23,406 $1,125 $3,493
2020 $8,099 $21,013 $1,084 $3,291
2019 $7,756 $20,587 $1,031 $2,982
2018 $7,560 $18,469 $992 $2,728
2017 $6,548 $17,285 $957 $2,472
2016 $5,982 $16,455 $925 $2,435
2015 $5,820 $15,546 $911 $2,317
2014 $6,887 $15,296 $993 $2,221
2013 $7,040 $15,247 $935 $2,176
2012 $6,263 $14,506 $837 $2,083
2011 $7,082 $14,298 $753 $2,211
2010 $5,971 $13,320 $715 $2,069
2009 $6,414 $13,038 $674 $1,972
2008 $7,377 $13,123 $657 $1,908
2007 $6,081 $11,685 $528 $1,820
2006 $4,493 $10,463 $462 $1,707
2005 $3,808 $9,398 $469 $1,598
2004 $3,597 $8,715 $438 $1,482
2003 $3,154 $8,023 $410 $1,379
2002 $2,391 $7,563 $391 $1,302
2001 $1,812 $6,803 $385 $1,229
2000 $975 $6,416 $390 $1,164
1999 $2,769 $5,897 $382 $1,120
1998 $2,775 $6,460 $375 $1,082
1997 $3,574 $6,040 $353 $1,059
1996 $3,054 $5,434 $305 $1,026
1995 $2,349 $5,022 $251.2 $981
1994 - - $222.5 $958
1993 - - $218.2 $959
1992 - - $243.4 $955
1991 - - $268.8 $952
1990 - - $236.9 $925
1989 - - $252.3 -
1988 - - $299 -
1987 - - $326 -
1986 - - $466 -
1985 - - $681 -
1984 - - $593 -
1983 - - $667 -
1982 - - $683 -
1981 - - $665 -
1980 - - $595 -
1979 - - $527 -
1978 - - $515 -
1977 - - $446 -
1976 - - $387 -
1975 - - $355 -
1974 - - $320 -
1973 - - $276.1 -
1972 - - $239.8 -
1971 - - $218.4 -
1970 - - $211.3 -
1969 - - $394 -
1968 - - $388 -
1967 - - $374 -
1966 - - $370 -
1965 - - $333 -
1964 - - $337 -
1963 - - $320 -
1962 - - $295.7 -
1961 - - $277.4 -
1960 - - $267.8 -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

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

Serbia's GDP per capita is $15,262, ranking 69/197, compared to $1,278 in Tanzania, ranking 171/197. Adjusted for purchasing power (GDP per capita PPP), Serbia ranks 69th at $32,832, while Tanzania ranks 165th at $4,221.

Economic indicators

Serbia Tanzania
Gross domestic product
$100B
2025
$90.1B
2025
GDP rank
76/197
2025
83/197
2025
GDP growth
2.03%
2024-2025
5.85%
2024-2025
GDP per capita
$15,262
2025
$1,278
2025
GDP per capita rank
69/197
2025
171/197
2025
GDP per capita, PPP
$32,832
2024
$4,221
2024
GDP per capita PPP rank
69/197
2024
165/197
2024
Government debt
$42.4B
2025
$44.8B
2025
Debt-to-GDP ratio
42.4%
2025
49.7%
2025
Government debt per person
$6,478
2025
$635
2025
Government debt per person rank
75/185
2025
159/185
2025
Average annual personal income after taxes
$12,492
2026
$1,203
2026
Market capitalization of domestic companies
$4.06B
2011
$9.78B
2025
Number of billionaires n/a
1
2026
Income share by richest 10%
24.7%
2023
33.1%
2018
Income share by poorest 10%
2.5%
2023
2.9%
2018
Government expenditure, % of GDP
43.2%
2025
19.9%
2025
Consumer prices inflation
3.89%
2024-2025
3.33%
2024-2025
Central bank interest rate
5.75%
2024
5.75%
2025
Unemployment rate
7.3%
2025
2.43%
2024
Population
6500256
73639263

Spending and national debt comparison by year

Serbia
Spending

Debt
Tanzania
Spending

Debt
1x
Year % of GDP
Serbia Tanzania
Government spending Government debt Government spending Government debt
2025 43.2% 42.4% 19.9% 49.7%
2024 42.2% 44.1% 19.1% 49.9%
2023 40.6% 45.7% 19% 47.8%
2022 41.4% 50.9% 19.1% 44.9%
2021 44.4% 53.6% 18.4% 43.4%
2020 46% 54.3% 17.4% 41.3%
2019 40.2% 49.5% 17.3% 40.4%
2018 39% 51.1% 17.3% 42%
2017 38.5% 55.3% 16.4% 40.1%
2016 40.3% 65% 16.9% 39.8%
2015 41% 67.1% 17.2% 39.5%
2014 42.9% 63.5% 17.3% 36.4%
2013 40.6% 61.2% 18.8% 32.7%
2012 43.3% 58% 19.6% 30%
2011 40% 46% 19% 28.4%
2010 41.2% 42.4% 19.8% 27.6%
2009 41.1% 35.3% 19.6% 23.9%
2008 43.7% 29.4% 18.1% 21.6%
2007 40.6% 30% 17.8% 23.8%
2006 41.3% 37% 17.6% 17.4%
2005 38.9% 50.1% 18.3% 25.4%
2004 37.8% 57.6% 17% 44.5%
2003 37.6% 64.4% 15.4% 44.4%
2002 38.6% 68.4% 13.6% 47.4%
2001 30.5% 95.9% 12.4% 50.8%
2000 28% 200.6% 12.3% 55.4%
1999 - - 12.8% 62.9%
1998 - - 11.4% 62.2%
1997 - - 12.8% 73.4%
1996 - - 13.4% 89.6%
1995 - - 15.6% 111.1%
1994 - - 16.8% 126%
1993 - - 16.4% 129.2%
1992 - - 17.6% 117.6%
1991 - - 14.2% 106.5%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1991–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1991–2000, retrieved 2026-07-08).

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

In 2025, Serbia's government spending was $43.2B, accounting for 43.2% of its GDP, while Tanzania spent $18B, or 19.9% of GDP.

Debt-to-GDP ratio is 42.4% in Serbia and 49.7% in Tanzania, ranking 123/185 and 105/185, respectively.

Government deficit by year

Deficit/surplus
Serbia

Tanzania
1x
Year Deficit/surplus, % of GDP
Serbia Tanzania
2025 -2.21% -3.04%
2024 -1.73% -3.03%
2023 -1.21% -3.67%
2022 -0.14% -3.92%
2021 -3.16% -3.55%
2020 -6.91% -2.56%
2019 -0.004% -2.06%
2018 0.78% -2.01%
2017 1.32% -1.14%
2016 -1.08% -2.08%
2015 -3.25% -3.17%
2014 -5.61% -2.91%
2013 -4.79% -3.76%
2012 -6.11% -4%
2011 -3.75% -3.51%
2010 -3.35% -4.74%
2009 -3.3% -4.46%
2008 -4.25% -1.92%
2007 -0.8% -1.44%
2006 -0.9% -3.38%
2005 1.02% -3.28%
2004 0.06% -2.43%
2003 -2.39% -1.77%
2002 -2.33% -0.73%
2001 0.32% -0.41%
2000 -0.15% -0.73%
1999 - -1.14%
1998 - 0.13%
1997 - -0.03%
1996 - 1.57%
1995 - -2.12%
1994 - -3.74%
1993 - -2.02%
1992 - -4.96%
1991 - 0.6%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1991–2025, retrieved 2026-07-08).

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

In 2025, Serbia's government deficit, the difference between spending and revenue, was $2.21B, equivalent to 2.21% of GDP. This compares to Tanzania's deficit of $2.74B, or 3.04% of GDP.

Over the past 26 years, Serbia recorded a fiscal deficit in 21 of those years, while Tanzania ran a deficit in 26 years. On average, Serbia posted an annual deficit equal to 2.07% of GDP, compared to deficit of 2.68% of GDP for Tanzania.

Inflation comparison by year

Inflation
Serbia

Tanzania
1x
Year Consumer prices inflation
Serbia Tanzania
2025 3.89% 3.33%
2024 4.67% 3.06%
2023 12.4% 3.8%
2022 12% 4.35%
2021 4.09% 3.69%
2020 1.58% 3.29%
2019 1.85% 3.46%
2018 1.96% 3.49%
2017 3.13% 5.32%
2016 1.12% 5.17%
2015 1.39% 5.59%
2014 2.08% 6.13%
2013 7.69% 7.87%
2012 7.33% 16%
2011 11.1% 12.7%
2010 6.14% 6.2%
2009 8.12% 12.1%
2008 12.4% 10.3%
2007 6.39% 7.03%
2006 11.7% 7.25%
2005 16.1% 5.03%
2004 11% 4.74%
2003 9.88% 5.3%
2002 19.5% 5.32%
2001 95% 5.15%
2000 71.1% 5.92%
1999 42.5% 7.89%
1998 30.2% 12.8%
1997 23.3% 16.1%

Data sources: World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

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

Over the past 29 years, Serbia has recorded an average annual inflation rate of 15.2%, compared with 6.84% in Tanzania. In 2025, inflation was 3.89% in Serbia and 3.33% in Tanzania.

Top exports between countries

Serbia
Export category Export value
Miscellaneous $6.68M
Processed food, beverages & tobacco $432K
Chemicals & pharma $285K
Textiles & consumer goods $174K
Raw materials & minerals $131K
Machinery & equipment $72K
Metals $11K
Weapons & explosives $7K
Animal & marine products $1K
Wood & paper products $1K
Tanzania
Export category Export value
Wood & paper products $24K
Precious metals & jewellery $12K
Chemicals & pharma $2K

Balance of trade

Serbia Tanzania
Current account balance
-$4.9B
2025
-$2.38B
2024
Current account balance ranking
164/190
2025
144/190
2024
Current account balance, % of GDP
-4.9%
2025
-3%
2024
Goods imports
$44B
2025
$14.2B
2024
Goods exports
$36.7B
2025
$9.12B
2024
Service imports
$14.6B
2025
$2.8B
2024
Service exports
$17.2B
2025
$6.85B
2024
Imports of goods and services, % of GDP
58.6%
2025
20%
2025
Exports of goods and services, % of GDP
54.3%
2025
19%
2025

Economic freedom indices

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

Serbia Tanzania
Economic freedom 65 59
Economic freedom ranking 68/197 106/197
Property rights 57.2 45.2
Government integrity 37.2 40.9
Judicial effectiveness 50.1 29.6
Tax burden 88 80.4
Government spending 48.2 89.1
Fiscal health 94.3 75
Business freedom 73.6 48.1
Labor freedom 61.8 62.3
Monetary freedom 73 73.4
Trade freedom 76.6 58.8
Investment freedom 70 55
Financial freedom 50 50

Economic freedom comparison by year

Serbia
Tanzania
1x
Year Economic freedom index
Serbia Tanzania
2026 65 59
2025 64.4 59.3
2024 62.7 59.1
2023 63.5 60
2022 65.2 59.5
2021 67.2 61.3
2020 66 61.7
2019 63.9 60.2
2018 62.5 59.9
2017 58.9 58.6
2016 62.1 58.5
2015 60 57.5
2014 59.4 57.8
2013 58.6 57.9
2012 58 57
2011 58 57
2010 56.9 58.3
2009 56.6 58.3
2008 - 56.5
2007 - 56.8
2006 - 58.5
2005 - 56.3
2004 - 60.1
2003 43.5 56.9
2002 46.6 58.3
2001 - 54.9
2000 - 56
1999 - 60
1998 - 59.6
1997 - 59.3
1996 - 57.5
1995 - 57.3

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08).

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

The Economic Freedom Index for Serbia is 65, ranking 68/197, compared to 59 for Tanzania, ranking 106/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Serbia Tanzania
Services, % of GDP
59.7%
2025
28.8%
2025
Industry, % of GDP
22.3%
2025
29.8%
2025
Agriculture, forestry, and fishing, % of GDP
3.29%
2025
22.9%
2025
GNI, Atlas method
$88.3B
2025
$87B
2025
GNI per capita, PPP
$31,780
2025
$4,370
2025
Total reserves including gold
$34.2B
2025
$5.05B
2018
Total reserves ranking
55/177
2025
106/177
2018
Net foreign direct investment
-$2.6B
2025
-$1.72B
2024
Net inflows of foreign direct investment
$5.59B
2024
$1.72B
2024
Net outflows of foreign direct investment
$661M
2024
$0
2024
Servicing debt to the IMF, % of GNI
12.2%
2024
2.56%
2024
Poverty at national poverty lines
19.7%
2023
26.4%
2018
Gross capital formation, % of GDP
23.4%
2025
40.7%
2025

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08); U.S. Census Bureau (1985–2025, retrieved 2026-07-08).

GeoRank.org/economy/serbia/tanzania | 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 (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1991–2025, retrieved 2026-07-08)
  3. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  4. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  5. TradeMap (2021–2025, retrieved 2026-07-08)
  6. International Monetary Fund (IMF) | Public Finances in Modern History (1991–2000, retrieved 2026-07-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  8. LivingCost (2026, retrieved 2026-07-08)

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.