Serbia vs Turkey: Economic Indicators Comparison

Turkey with a GDP of $771.4B ranked the 19th largest economy in the world, while Serbia ranked 84th with $50.6B. By GDP 5-years average growth and GDP per capita, Turkey and Serbia ranked 36th vs 131st and 78th vs 90th, respectively.

Gross Domestic Product & Income

StatSerbiaTurkey
GDP$50.6B$771.4B
GDP growth, 1 year4.4%2.6%
GDP growth, 5-years average2%4.9%
Population7M82M
GDP per capita$7.2k$9.4k
GDP per capita growth4.97%1.31%
Purchasing Power Parity conversion factor41.641.61
Price level ratio of PPP conversion factor GDP to market exchange rate0.420.33
GDP per capita, PPP adjusted$18k$28k
GNI, Atlas method$44.6B$858.1B
GNI per capita$6.4k$10k
GNI, PPP adjusted$115.5B$2.3T
GNI per capita, PPP adjusted$17k$28k

Financial system and Human development

StatSerbiaTurkey
Income Tax Rate10%35%
Corporate Tax Rate15%22%
Inflation, consumer prices2%16.3%
Inflation, GDP deflator2.1%16.4%
Unemployment13.5%10.9%
Economic Freedom Index6664.4
Personal Freedom Index7.846.97
Human Freedom Index7.196.96
Property Rights Index55.457.4
Judical Effectiveness Index46.853.7
Business Freedom Index72.667
Fiscal Health Index94.186.1
Labor Freedom Index66.949.2
Investment Freedom Index7070
Financial Freedom Index5060
Trade Freedom Index7878
Monetary Freedom Index80.766.1
Government Spending Index49.764.1
Tax Burden Index83.776.7
Government Integrity Index4444.6
Corruption Perceptions Index3941
Life expectancy at birth, years76.177.2
Suicide mortality rate, per 100,000 people15.67.3
Mortality caused by road traffic injury, per 100,000 people7.412.3
Intentional homicides, per 100,000 people1.14.3
International tourism, number of arrivals1.7M45.8M

Government debt & reserves

StatSerbiaTurkey
Central government debt, % of GDP54.3%29.1%
External debt stocks, % of GNI71.7%59%
External debt stocks$34.3B$445.1B
Short-term debt, % of total reserves16.4%124.1%
Total debt service, % of exports and primary income22.3%36.7%
Adjusted net savings including particulate emission damage, % of GNI-3.2%11.4%
Gross savings, % of GDP18.6%27.1%
Gross capital formation, % of GDP22.7%29.6%
Total reserves including gold$12.9B$93B
Foreign direct investment net inflows$4.1B$13.1B

Exports, imports and economic structure

StatSerbiaTurkey
Exports of goods and services, % of GDP50.8%29.5%
Imports of goods and services, % of GDP59.3%30.6%
Current account balance (balance of payments)-$2.6B-$27B
Revenue excluding grants, % of GDP32.8%30.7%
Grants excluding technical cooperation, BoP$334.6M$1.3B
Personal remittances received$4.3B$1.1B
Industry including construction value added, % of GDP25.5%29.5%
Agriculture, forestry and fishing value added, % of GDP6.3%5.8%
Charges for the use of intellectual property, payments BoP$289.7M$726M
Charges for the use of intellectual property, receipts BoP$57.9M$29M
Expense, % of GDP36.9%33.9%
Government Expenditure, % of GDP40.9%34.6%

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
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
Jamaica
$5.4k
2.89M

Turkey vs

CountryGDP
per capita
Population
Croatia
$15k
4.11M
Romania
$12k
19.6M
Costa Rica
$12k
4.91M
Argentina
$12k
44.9M
Malaysia
$11k
31.6M
Russia
$11k
147M
Mauritius
$11k
1.26M
Grenada
$11k
108k
Saint Lucia
$11k
179k
Maldives
$10k
436k
Equatorial Guinea
$10k
1.27M
Nauru
$9.9k
13.7k
Kazakhstan
$9.8k
18.3M
China
$9.8k
1.41B
Mexico
$9.7k
131M
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