Value Added (Manufacture of food, beverages and tobacco products) in Serbia
Serbia: Value Added (Manufacture of food, beverages and tobacco products) was 1,570 million USD in 2022. ▼ Falling
Value Added (Manufacture of food, beverages and tobacco products) in Serbia, 2002–2022
Source: Food and Agriculture Organization of the United Nations. Measured in million USD.
Analysis
The most recent figure for value added (manufacture of food, beverages and tobacco products) in Serbia is 1,570 million USD, measured in 2022.
That represents a change of up 1.9% on the previous year and down 1.5% over ten years.
Over the whole period, value added (manufacture of food, beverages and tobacco products) in Serbia peaked at 1,932 million USD in 2008 and was at its lowest, 1,417 million USD, in 2019.
That places Serbia 25th out of 46 countries with data for 2022, putting it in the middle of the range.
The long-run direction has been consistently falling across the 21 years of available data.
Value Added (Manufacture of food, beverages and tobacco products) in Serbia, year by year
| Year | million USD | Change |
|---|---|---|
| 2002 | 1,578 million USD | — |
| 2003 | 1,605 million USD | +1.7% |
| 2004 | 1,736 million USD | +8.2% |
| 2005 | 1,777 million USD | +2.3% |
| 2006 | 1,828 million USD | +2.9% |
| 2007 | 1,814 million USD | -0.8% |
| 2008 | 1,932 million USD | +6.5% |
| 2009 | 1,730 million USD | -10.5% |
| 2010 | 1,647 million USD | -4.8% |
| 2011 | 1,628 million USD | -1.1% |
| 2012 | 1,594 million USD | -2.1% |
| 2013 | 1,422 million USD | -10.8% |
| 2014 | 1,459 million USD | +2.6% |
| 2015 | 1,524 million USD | +4.5% |
| 2016 | 1,565 million USD | +2.7% |
| 2017 | 1,542 million USD | -1.5% |
| 2018 | 1,480 million USD | -4.0% |
| 2019 | 1,417 million USD | -4.3% |
| 2020 | 1,530 million USD | +8.0% |
| 2021 | 1,540 million USD | +0.6% |
| 2022 | 1,570 million USD | +1.9% |
Serbia compared with similar countries
- Serbia's 1,570 million USD is below the median for upper middle income countries, which is 2,312 million USD, 68% of the median. (20 countries reporting)
- Serbia's 1,570 million USD is above the median for Europe & Central Asia, which is 1,308 million USD, 1.2× the median. (14 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 1,750 million USD | 1,578 million USD | 1,932 million USD | 8 |
| 2010s | 1,528 million USD | 1,417 million USD | 1,647 million USD | 10 |
| 2020s | 1,546 million USD | 1,530 million USD | 1,570 million USD | 3 |
Countries ranked near Serbia
More agriculture & rural data for Serbia
- Agriculture, forestry, and fishing, value added (current US$), annual 14.89 % change on previous year (2025)
- Agriculture, forestry, and fishing, value added (current US$), per 0.0328 current US$ per US$ of GDP (2025)
- Agriculture, forestry, and fishing, value added (current US$), per 501.36 current US$ per person (2025)
- Rural population, annual growth rate -1.24 % change on previous year (2025)
- Rural population, per unit of GDP 0 units per US$ of GDP (2025)
- Rural population, per capita 0.3736 units per person (2025)
- Share of GDP from agriculture 3.3% (2025)
- Agriculture as a share of GDP vs. GDP per capita 3.3% (2025)
- Agricultural raw materials exports 2.0% (2007)
- Agricultural raw materials imports 1.6% (2007)
Frequently asked questions
- What is value added (manufacture of food, beverages and tobacco products) in Serbia?
- Value added (manufacture of food, beverages and tobacco products) in Serbia was 1,570 million USD in 2022, according to Food and Agriculture Organization of the United Nations.
- What is the highest value added (manufacture of food, beverages and tobacco products) recorded in Serbia?
- The highest recorded value was 1,932 million USD in 2008.
- What is the lowest value added (manufacture of food, beverages and tobacco products) recorded in Serbia?
- The lowest recorded value was 1,417 million USD in 2019.
- How does Serbia rank for value added (manufacture of food, beverages and tobacco products)?
- Serbia ranks 25th out of 46 countries with data for 2022.
- Is value added (manufacture of food, beverages and tobacco products) rising or falling in Serbia?
- Over the last ten years it is down 1.5%. The long-run trend across the full record is falling.
- Where does this Serbia data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Value Added (Manufacture of food, beverages and tobacco products) — Value US$, 2015 prices. Statizoid updates them automatically from the source API.
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About this data
The FAOSTAT Macro Indicators database provides a selection of country-level macro indicators relating to total economy (Gross Domestic Product, Gross Fixed Capital Formation); agriculture activity; agriculture, forestry and fishing activity; total manufacturing activity; manufacturing of food products and beverages activity; manufacturing activity of tobacco products; and manufacturing activity of food, beverage and tobacco products.It releases time series for a selection of National Accounts variables, including gross domestic product, gross fixed capital formation, industry-level value added and gross output. The database also proposes additional indicators such as gross domestic product per capita, year-on-year growth rates and measures of industry contribution to gross domestic product. All data relating to Gross Domestic Product, Gross Fixed Capital Formation, agriculture, forestry and fishing activity, and to total manufacturing activity originates from the United Nations Statistics Division (UNSD) National Accounts Estimates of Main Aggregates database, which consists of a complete and consistent set of time series of the main National Accounts aggregates of all UN Members States and other territories in the world for which National Accounts information is available. The UNSD database's content is based on the countries' official National Accounts data reported to UNSD through the annual National Accounts Questionnaire, supplemented with data estimates for any years and countries with incomplete or inconsistent information (See http://unstats.un.org/unsd/snaama/Introduction.asp). Data series relating to the sub-industry Agriculture activity are obtained from the UNSD national accounts Official Country Data databases while series on the Manufacturing activity of food and beverages products, manufacturing activity of tobacco products and manufacturing activity of food, beverages and tobacco products originates from the United Nations Industrial Development Organization (UNIDO) INDSTAT2 database. In order to ensure that sub-industry series are consistent in levels with National Accounts based series, which is needed to support comparability across industries (agriculture vs. agro-industry and sub-industries), UNIDO originating series are rescaled on UNSD National Accounts Estimates of Main Aggregates data series (See Section 17.5 for a more detailed description of the data processing steps).