CENTRAL & EASTERN EUROPE · INVESTMENT GUIDE

Serbia: investment climate and market data

Serbia scores 63 out of 100 on the Invest Global investability score (moderate), ranking 87 of 199 countries. Its strongest pillar is openness to foreign investment (86) and its weakest is growth and upside (28).

63/ 100 · Moderate · grade B · High confidence
GDP
$100.0 billion
2025 · World Bank
Real GDP growth
2.0%
2025 · World Bank
Inflation
3.9%
2025 · World Bank
FDI inflows
3.9% of GDP
2025 · World Bank
Government debt
42% of GDP
2025 · IMF
Reserves
6.2 months of imports
2025 · World Bank
Population
6.5 million
2025 · World Bank
GDP per person
$15,262
2025 · World Bank

Why Serbia scores 63

Institutions and rule of law25%50
Openness to foreign investment20%86
Macro and financial stability18%85
Political stability and security10%52
Growth and upside12%28
Market depth and infrastructure15%64

Six weighted pillars from World Bank, OECD and IMF indicators. See the method, weights and every country.

Openness to foreign investors

The OECD FDI Regulatory Restrictiveness Index for Serbia is 0.06 on a scale from 0 (fully open) to 1 (closed), as of 2025. That is moderately open, with some sector limits.

Where Serbia is most exposed by sector

Technology
79
High exposure
Energy (oil and gas)
72
High exposure
Healthcare
67
High exposure
Mining and Metals
63
High exposure

Exposure scores show how important each sector is to the economy, not how attractive it is to invest in. Browse all sectors.

Natural resources

169 mines and deposits are mapped in Serbia. Power capacity is 8.0 GW. See the minerals, mines and power plants.

Go deeper on Serbia

The interactive profile adds ownership rules, residency routes, FDI flows and infrastructure. The Terminal lets you screen and compare 199 markets side by side and export the data. Need a tailored view of one market?

Educational research, not investment, legal or tax advice. Scores are screening tools built from public data and are not forecasts or ratings. Figures are the latest available from the named source and may lag. Confirm everything with local advisers before committing capital. Sources: World Bank WDI and WGI, IMF World Economic Outlook, OECD. Data as of 2026-10-09.