Country comparison Armenia vs Serbia

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Gouvernement
GDP Growth (%) [+]20245.9%chart3.9%2024GDP Growth (%) [+]
3,411K2025Q3Qu. GDP Per Capita [+]
Annual GDP [+]2024€23,987Mchart€83,258M2024Annual GDP [+]
Annual GDP [+]2024$25,955Mchart$89,074M2024Annual GDP [+]
GDP per capita [+]2024€7,699chart€12,6402024GDP per capita [+]
GDP per capita [+]2024$8,330chart$13,5452024GDP per capita [+]
€22,401M2025Q3Quarterly GDP [+]
Debt (M.€.) [+]202411,984chart36,6152024Debt (M.€.) [+]
Debt ($M) [+]202412,967chart39,6192024Debt ($M) [+]
Debt (%GDP) [+]202449.96%chart44.48%2024Debt (%GDP) [+]
Debt Per Capita [+]2024€3,896chart€5,5752024Debt Per Capita [+]
Debt Per Capita [+]2024$4,215chart$6,0322024Debt Per Capita [+]
Deficit (M.€) [+]2024-885chart-1,4432024Deficit (M.€) [+]
Deficit ($M) [+]2024-958chart-1,5622024Deficit ($M) [+]
Deficit (%GDP) [+]2024-3.69%chart-1.75%2024Deficit (%GDP) [+]
Expenditure (M.€) [+]20246,954.4chart35,126.52024Expenditure (M.€) [+]
Expenditure ($M) [+]20247,525.0chart38,008.92024Expenditure ($M) [+]
Education Expenditure (M.€) [+]2023545.3chart2,559.82023Education Expenditure (M.€) [+]
Education Expenditure ($M) [+]2023587.4chart2,768.72023Education Expenditure ($M) [+]
Education Expenditure (%Bud.) [+]20258.71%chart8.38%2023Education Expenditure (%Bud.) [+]
Gov. Health Exp. (M.€) [+]2023327.8chart3,958.92023Gov. Health Exp. (M.€) [+]
Gov. Health Exp.($M) [+]2023354.7chart4,282.02023Gov. Health Exp.($M) [+]
Gov. Health Exp. (%Bud.) [+]20235.46%chart12.97%2023Gov. Health Exp. (%Bud.) [+]
Defence Expenditure (M.€) [+]20241,314.9chart2,160.72024Defence Expenditure (M.€) [+]
Defence Expenditure ($M) [+]20241,422.8chart2,311.62024Defence Expenditure ($M) [+]
Defence Expenditure (%Bud.) [+]202418.33%chart6.05%2024Defence Expenditure (%Bud.) [+]
Expenditure (%GDP) [+]202428.99%chart42.67%2024Expenditure (%GDP) [+]
Expenditure Per Capita [+]2024€2,261chart€5,3482024Expenditure Per Capita [+]
Expenditure Per Capita [+]2024$2,446chart$5,7872024Expenditure Per Capita [+]
Education Expenditure P.C [+]2023€180chart€3862023Education Expenditure P.C [+]
Education Expenditure P.C [+]2023$194chart$4182023Education Expenditure P.C [+]
Gov. Health Exp. P.C. [+]2023€111chart€5962023Gov. Health Exp. P.C. [+]
Gov. Health Exp. P.C. [+]2023$120chart$6452023Gov. Health Exp. P.C. [+]
Defence Expenditure P.C. [+]2024€422chart€3282024Defence Expenditure P.C. [+]
Defence Expenditure P.C. [+]2024$457chart$3522024Defence Expenditure P.C. [+]
Moody's Rating [+]06/26/2025Ba3
S&P Rating [+]02/20/2026BB-BBB-10/04/2024S&P Rating [+]
Fitch Rating [+]10/15/2020B+BB+03/27/2020Fitch Rating [+]
Corruption Index [+]202347chart362023Corruption Index [+]
Competitiveness Ranking [+]201969ºchart72º2019Competitiveness Ranking [+]
Fragile States Index [+]202468.1chart67.82024Fragile States Index [+]
RTI Raking [+]202438ºchart3º2024RTI Raking [+]
Innovation Ranking [+]202463ºchart52º2024Innovation Ranking [+]
Labour
Unemployment rate [+]2022Q46.7%chart8.2%2025Q3Unemployment rate [+]
Unemployed [+]2022Q4115Kchart257K2025Q3Unemployed [+]
NMW [+]2024$185.3chart$875.82026NMW [+]
NMW [+]2024€167.5chart€744.02026NMW [+]
Human Capital Ranking [+]201749ºchart60º2017Human Capital Ranking [+]
Markets
Euro / Dram [+]03/10/2026439.2700chart117.398603/10/2026Euro / Serbian dinars [+]
US Dollar exchange rate [+]03/10/2026377.4100chart100.979403/10/2026US Dollar exchange rate [+]
-4.34%03/10/2026Stock ExchangeYTD % [+]
Prices
CPI (overall index) [+]April 20252.7%
3.1%December 2025HICP [+]
0.7%February 2026PPI Year on Year [+]
Money Market
Key rates [+]12/16/20256.50%chart5.75%09/12/2024Key rates [+]
Business
Doing Business [+]202047ºchart44º2020Doing Business [+]
-7.3%January 2026IPI Year on Year [+]
Passengers vehicles Year [+]December 2019970chart25,514December 2019Passengers vehicles Year [+]
Annual Vehicles/ 1,000 p. [+]December 20190.41chart4.22December 2019Annual Vehicles/ 1,000 p. [+]
4,4982022Motor vehicle production [+]
353.732020Vehicles / 1,000 people [+]
Taxes
Tax Revenue (%GDP) [+]202323.5%chart38.4%2016Tax Revenue (%GDP) [+]
Standard VAT [+]01/01/200620.00%chart20.00%01/01/2012Standard VAT [+]
Top tax rate + SSC [+]202023.0%chart10.0%2020Top tax rate + SSC [+]
Trade
Annual arrivals [+]20221,666,000chart1,773,0002022Annual arrivals [+]
Exports [+]2023€7,782.5Mchart€31,398.3M2025Exports [+]
Exports [+]2023$8,415.2Mchart$35,479.5M2025Exports [+]
Exports % GDP [+]202334.80%chart34.76%2024Exports % GDP [+]
Imports [+]2023€11,382.6Mchart€40,059.7M2025Imports [+]
Imports [+]2023$12,308.0Mchart$45,266.7M2025Imports [+]
Imports % GDP [+]202350.90%chart45.76%2024Imports % GDP [+]
Trade balance [+]2023€-3,600.1Mchart€-8,661.4M2025Trade balance [+]
Trade balance [+]2023$-3,892.8Mchart$-9,787.2M2025Trade balance [+]
Trade balance % GDP [+]2023-16.10%chart-11.00%2024Trade balance % GDP [+]
6.8%January 2026Retail Sales YoY [+]
Socio-Demography
Global AgeWatch Ranking [+]201543ºchart66º2015Global AgeWatch Ranking [+]
Density [+]2024103chart772024Density [+]
Global Peace Ranking [+]202477ºchart54º2024Global Peace Ranking [+]
Crude divorce rate [+]20231.50‰chart1.50‰2023Crude divorce rate [+]
Remittance received ($M) [+]20171,539.0chart3,588.02017Remittance received ($M) [+]
% Immigrant [+]20206.42%chart11.98%2020% Immigrant [+]
% Emigrant [+]202032.34%chart14.61%2020% Emigrant [+]
Birth Rate [+]202411.10‰chart9.20‰2024Birth Rate [+]
Remittance sent ($M) [+]2017292.2chart1,374.52017Remittance sent ($M) [+]
Crude death rate [+]20248.40‰chart14.90‰2024Crude death rate [+]
Fertility Rate [+]20231.90chart1.642024Fertility Rate [+]
Crude marriage rate [+]20235.50‰chart4.80‰2023Crude marriage rate [+]
% risk of poverty [+]202323.7%chart19.7%2024% risk of poverty [+]
Population [+]20243,076,252chart6,567,7832024Population [+]
Immigrant stock [+]2020190,349chart823,0112020Immigrant stock [+]
Emigrant stock [+]2020958,190chart1,003,9622020Emigrant stock [+]
HDI [+]20220.786chart0.8052022HDI [+]
Gender Gap Ranking [+]202464ºchart26º2024Gender Gap Ranking [+]
Life expectancy [+]202377.47chart76.202023Life expectancy [+]
Suicides [+]2015162chart6682023Suicides [+]
Suicide rate [+]20155.39chart10.112023Suicide rate [+]
Number of homicides [+]202365chart892023Number of homicides [+]
Rate Homicides per 100.000 [+]20232.21chart1.312023Rate Homicides per 100.000 [+]
Energy and Environment
CO2 Tons per capita [+]20232.63
122024Annual crude oil production [+]
77.52021Crude Oil Reserves [+]
Consumption GWh [+]20247,018chart33,6652024Consumption GWh [+]
Generation GWh [+]20249,028chart36,9932024Generation GWh [+]
Others
COVID-19 - Deaths [+]02/08/20268,785chart18,05702/08/2026COVID-19 - Deaths [+]
COVID-19 - Confirmed [+]02/08/2026454,893chart2,568,00402/08/2026COVID-19 - Confirmed [+]
Fully vaccinated [+]10/01/20231,030,758chart3,278,19806/23/2022Fully vaccinated [+]
COVID-19 - Deaths per million population [+]02/08/20262,855.75chart2,749.3302/08/2026COVID-19 - Deaths per million population [+]
Doses administered [+]10/01/20232,256,919chart8,534,68806/23/2022Doses administered [+]
Armenia
Serbia