At the end of January, Serbia’s public debt stood at 39.01 billion euros, accounting for 44.2% of the country’s GDP, according to the Ministry of Finance. This marks an increase from the previous year when the debt was recorded at 38.87 billion euros, with a 47.2% share of GDP.
Since the end of 2020, Serbia’s debt has grown by 12.35 billion euros. However, during this period, the debt-to-GDP ratio has significantly decreased from 54.4% in 2020 to 44.2% by January 2025, indicating a reduction in the relative size of the debt compared to the country’s economic output.
