Capital expenditure as a percentage of total expenditure in tertiary in Serbia

Serbia: Capital expenditure as a percentage of total expenditure in tertiary was 3.2% in 2023. ▼ Falling

Latest (2023)
3.2%
Change on year
down 20.2%
World rank
86th
of 113 countries
All-time high
10.9%
in 2017
All-time low
3.2%
in 2023
Years of data
9
2007–2023

Capital expenditure as a percentage of total expenditure in tertiary in Serbia, 2007–2023

468102007201520232007: 5.7 %2011: 3.6 %2016: 4 %2017: 10.9 %2018: 3.9 %2019: 3.7 %2021: 3.2 %2022: 4 %2023: 3.2 %

Source: UNESCO Institute for Statistics. Measured in %.

Analysis

In 2023, capital expenditure as a percentage of total expenditure in tertiary in Serbia stood at 3.2%. That is the lowest value across all 9 years on record.

The figure is down 20.2% on the previous year and down 11.8% over ten years.

Over the whole period, capital expenditure as a percentage of total expenditure in tertiary in Serbia peaked at 10.9% in 2017 and was at its lowest, 3.2%, in 2023.

That places Serbia 86th out of 113 countries with data for 2023, putting it in the bottom quarter.

Capital expenditure as a percentage of total expenditure in tertiary in Serbia, year by year

Annual values for Capital expenditure as a percentage of total expenditure in tertiary public institutions (%) in Serbia, 2007 to 2023.
Year % Change
2007 5.7%
2011 3.6% -36.7%
2016 4.0% +12.9%
2017 10.9% +168.2%
2018 3.9% -64.4%
2019 3.7% -5.5%
2021 3.2% -11.9%
2022 4.0% +23.2%
2023 3.2% -20.2%

Averages by decade

DecadeAverage LowestHighest Years
2000s 5.7% 5.7% 5.7% 1
2010s 5.2% 3.6% 10.9% 5
2020s 3.4% 3.2% 4.0% 3

Countries ranked near Serbia

  1. 83 Niger 3.3% compare
  2. 84 Brazil 3.2% compare
  3. 85 Andorra 3.2% compare
  4. 87 Finland 3.0% compare
  5. 88 Burundi 2.8% compare
  6. 89 Ireland 2.6% compare

See the full ranking of 113 places →

More education data for Serbia

All data for Serbia →

Frequently asked questions

What is capital expenditure as a percentage of total expenditure in tertiary in Serbia?
Capital expenditure as a percentage of total expenditure in tertiary in Serbia was 3.2% in 2023, according to UNESCO Institute for Statistics.
What is the highest capital expenditure as a percentage of total expenditure in tertiary recorded in Serbia?
The highest recorded value was 10.9% in 2017.
What is the lowest capital expenditure as a percentage of total expenditure in tertiary recorded in Serbia?
The lowest recorded value was 3.2% in 2023.
How does Serbia rank for capital expenditure as a percentage of total expenditure in tertiary?
Serbia ranks 86th out of 113 countries with data for 2023.
Is capital expenditure as a percentage of total expenditure in tertiary rising or falling in Serbia?
Over the last ten years it is down 11.8%. The long-run trend across the full record is falling.
Where does this Serbia data come from?
The figures come from UNESCO Institute for Statistics, published as part of Capital expenditure as a percentage of total expenditure in tertiary public institutions (%). Statizoid updates them automatically from the source API.

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Capital expenditure as a percentage of total expenditure in tertiary in Serbia. Statizoid, drawing on UNESCO Institute for Statistics. Retrieved 12 September 2026, from https://education.statizoid.com/stat/capital-expenditure-as-a-percentage-of-total-expenditure-in-tertiary-public-institutions/serbia/

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About this data

Indicator
Capital expenditure as a percentage of total expenditure in tertiary public institutions (%)
Unit
%
Source
UNESCO Institute for Statistics
Licence
CC BY-SA 3.0 IGO (UNESCO Institute for Statistics)
Coverage
113 places, 1,585 data points, 1998–2024
Last refreshed

February 2026 Data Release