Country comparison Serbia vs Armenia

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Gouvernement
GDP Growth (%) [+]20243.9%chart5.9%2024GDP Growth (%) [+]
Qu. GDP Per Capita [+]2025Q33,411K
Annual GDP [+]2024€83,258Mchart€23,987M2024Annual GDP [+]
Annual GDP [+]2024$89,074Mchart$25,955M2024Annual GDP [+]
GDP per capita [+]2024€12,640chart€7,6992024GDP per capita [+]
GDP per capita [+]2024$13,545chart$8,3302024GDP per capita [+]
Quarterly GDP [+]2025Q3€22,401M
Debt (M.€.) [+]202436,615chart11,9842024Debt (M.€.) [+]
Debt ($M) [+]202439,619chart12,9672024Debt ($M) [+]
Debt (%GDP) [+]202444.48%chart49.96%2024Debt (%GDP) [+]
Debt Per Capita [+]2024€5,575chart€3,8962024Debt Per Capita [+]
Debt Per Capita [+]2024$6,032chart$4,2152024Debt Per Capita [+]
Deficit (M.€) [+]2024-1,443chart-8852024Deficit (M.€) [+]
Deficit ($M) [+]2024-1,562chart-9582024Deficit ($M) [+]
Deficit (%GDP) [+]2024-1.75%chart-3.69%2024Deficit (%GDP) [+]
Expenditure (M.€) [+]202435,126.5chart6,954.42024Expenditure (M.€) [+]
Expenditure ($M) [+]202438,008.9chart7,525.02024Expenditure ($M) [+]
Education Expenditure (M.€) [+]20232,559.8chart545.32023Education Expenditure (M.€) [+]
Education Expenditure ($M) [+]20232,768.7chart587.42023Education Expenditure ($M) [+]
Education Expenditure (%Bud.) [+]20238.38%chart8.71%2025Education Expenditure (%Bud.) [+]
Gov. Health Exp. (M.€) [+]20233,958.9chart327.82023Gov. Health Exp. (M.€) [+]
Gov. Health Exp.($M) [+]20234,282.0chart354.72023Gov. Health Exp.($M) [+]
Gov. Health Exp. (%Bud.) [+]202312.97%chart5.46%2023Gov. Health Exp. (%Bud.) [+]
Defence Expenditure (M.€) [+]20242,160.7chart1,314.92024Defence Expenditure (M.€) [+]
Defence Expenditure ($M) [+]20242,311.6chart1,422.82024Defence Expenditure ($M) [+]
Defence Expenditure (%Bud.) [+]20246.05%chart18.33%2024Defence Expenditure (%Bud.) [+]
Expenditure (%GDP) [+]202442.67%chart28.99%2024Expenditure (%GDP) [+]
Expenditure Per Capita [+]2024€5,348chart€2,2612024Expenditure Per Capita [+]
Expenditure Per Capita [+]2024$5,787chart$2,4462024Expenditure Per Capita [+]
Education Expenditure P.C [+]2023€386chart€1802023Education Expenditure P.C [+]
Education Expenditure P.C [+]2023$418chart$1942023Education Expenditure P.C [+]
Gov. Health Exp. P.C. [+]2023€596chart€1112023Gov. Health Exp. P.C. [+]
Gov. Health Exp. P.C. [+]2023$645chart$1202023Gov. Health Exp. P.C. [+]
Defence Expenditure P.C. [+]2024€328chart€4222024Defence Expenditure P.C. [+]
Defence Expenditure P.C. [+]2024$352chart$4572024Defence Expenditure P.C. [+]
Ba306/26/2025Moody's Rating [+]
S&P Rating [+]10/04/2024BBB-BB-08/25/2023S&P Rating [+]
Fitch Rating [+]03/27/2020BB+B+10/15/2020Fitch Rating [+]
Corruption Index [+]202336chart472023Corruption Index [+]
Competitiveness Ranking [+]201972ºchart69º2019Competitiveness Ranking [+]
Fragile States Index [+]202467.8chart68.12024Fragile States Index [+]
RTI Raking [+]20243ºchart38º2024RTI Raking [+]
Innovation Ranking [+]202452ºchart63º2024Innovation Ranking [+]
Labour
Unemployment rate [+]2025Q38.2%chart6.7%2022Q4Unemployment rate [+]
Unemployed [+]2025Q3257Kchart115K2022Q4Unemployed [+]
NMW [+]2026$875.8chart$185.32024NMW [+]
NMW [+]2026€744.0chart€167.52024NMW [+]
Human Capital Ranking [+]201760ºchart49º2017Human Capital Ranking [+]
Markets
Euro / Serbian dinars [+]02/10/2026117.3638chart450.060002/10/2026Euro / Dram [+]
US Dollar exchange rate [+]02/10/202698.5340chart377.880002/10/2026US Dollar exchange rate [+]
Stock ExchangeYTD % [+]02/10/2026-1.10%
Prices
2.7%April 2025CPI (overall index) [+]
HICP [+]December 20253.1%
PPI Year on Year [+]December 20251.7%
Money Market
Key rates [+]09/12/20245.75%chart6.50%12/16/2025Key rates [+]
Business
Doing Business [+]202044ºchart47º2020Doing Business [+]
IPI Year on Year [+]December 2025-8.2%
Passengers vehicles Year [+]December 201925,514chart970December 2019Passengers vehicles Year [+]
Annual Vehicles/ 1,000 p. [+]December 20194.22chart0.41December 2019Annual Vehicles/ 1,000 p. [+]
Motor vehicle production [+]20224,498
Vehicles / 1,000 people [+]2020353.73
Taxes
Tax Revenue (%GDP) [+]201638.4%chart23.5%2023Tax Revenue (%GDP) [+]
Standard VAT [+]01/01/201220.00%chart20.00%01/01/2006Standard VAT [+]
Top tax rate + SSC [+]202010.0%chart23.0%2020Top tax rate + SSC [+]
Trade
Annual arrivals [+]20221,773,000chart1,666,0002022Annual arrivals [+]
Exports [+]2024€28,944.2Mchart€7,782.5M2023Exports [+]
Exports [+]2024$31,328.6Mchart$8,415.2M2023Exports [+]
Exports % GDP [+]202434.76%chart34.80%2023Exports % GDP [+]
Imports [+]2024€38,102.7Mchart€11,382.6M2023Imports [+]
Imports [+]2024$41,241.6Mchart$12,308.0M2023Imports [+]
Imports % GDP [+]202445.76%chart50.90%2023Imports % GDP [+]
Trade balance [+]2024€-9,158.5Mchart€-3,600.1M2023Trade balance [+]
Trade balance [+]2024$-9,913.0Mchart$-3,892.8M2023Trade balance [+]
Trade balance % GDP [+]2024-11.00%chart-16.10%2023Trade balance % GDP [+]
Retail Sales YoY [+]December 20258.7%
Socio-Demography
Global AgeWatch Ranking [+]201566ºchart43º2015Global AgeWatch Ranking [+]
Density [+]202477chart1032024Density [+]
Global Peace Ranking [+]202454ºchart77º2024Global Peace Ranking [+]
Crude divorce rate [+]20231.50‰chart1.50‰2023Crude divorce rate [+]
Remittance received ($M) [+]20173,588.0chart1,539.02017Remittance received ($M) [+]
% Immigrant [+]202011.98%chart6.42%2020% Immigrant [+]
% Emigrant [+]202014.61%chart32.34%2020% Emigrant [+]
Birth Rate [+]20249.20‰chart11.10‰2024Birth Rate [+]
Remittance sent ($M) [+]20171,374.5chart292.22017Remittance sent ($M) [+]
Crude death rate [+]202414.90‰chart8.40‰2024Crude death rate [+]
Fertility Rate [+]20241.64chart1.902023Fertility Rate [+]
Crude marriage rate [+]20234.80‰chart5.50‰2023Crude marriage rate [+]
% risk of poverty [+]202419.7%chart23.7%2023% risk of poverty [+]
Population [+]20246,567,783chart3,076,2522024Population [+]
Immigrant stock [+]2020823,011chart190,3492020Immigrant stock [+]
Emigrant stock [+]20201,003,962chart958,1902020Emigrant stock [+]
HDI [+]20220.805chart0.7862022HDI [+]
Gender Gap Ranking [+]202426ºchart64º2024Gender Gap Ranking [+]
Life expectancy [+]202376.20chart77.472023Life expectancy [+]
Suicides [+]2023668chart1622015Suicides [+]
Suicide rate [+]202310.11chart5.392015Suicide rate [+]
Number of homicides [+]202389chart652023Number of homicides [+]
Rate Homicides per 100.000 [+]20231.31chart2.212023Rate Homicides per 100.000 [+]
Energy and Environment
2.632023CO2 Tons per capita [+]
Annual crude oil production [+]202412
Crude Oil Reserves [+]202177.5
Consumption GWh [+]202330,824chart7,0122023Consumption GWh [+]
Generation GWh [+]202337,661chart8,6482023Generation GWh [+]
Others
COVID-19 - Deaths [+]01/18/202618,057chart8,78501/18/2026COVID-19 - Deaths [+]
COVID-19 - Confirmed [+]01/18/20262,568,003chart454,89101/18/2026COVID-19 - Confirmed [+]
Fully vaccinated [+]06/23/20223,278,198chart1,030,75810/01/2023Fully vaccinated [+]
COVID-19 - Deaths per million population [+]01/18/20262,749.33chart2,855.7501/18/2026COVID-19 - Deaths per million population [+]
Doses administered [+]06/23/20228,534,688chart2,256,91910/01/2023Doses administered [+]
Serbia
Armenia