Initial government funding per tertiary student as a percentage of in Serbia

Serbia: Initial government funding per tertiary student as a percentage of was 20.5% in 2023. ▼ Falling

Latest (2023)
20.5%
Change on year
down 9.8%
World rank
77th
of 120 countries
All-time high
37.7%
in 2011
All-time low
20.5%
in 2023
Years of data
9
2007–2023

Initial government funding per tertiary student as a percentage of in Serbia, 2007–2023

0102030402007201520232007: 32.42011: 37.72016: 28.52017: 28.62018: 25.92019: 27.72021: 24.42022: 22.82023: 20.5

Source: UNESCO Institute for Statistics.

Analysis

In 2023, initial government funding per tertiary student as a percentage of in Serbia stood at 20.5%. That is the lowest value across all 9 years on record.

The figure is down 9.8% on the previous year and down 45.5% over ten years.

Over the whole period, initial government funding per tertiary student as a percentage of in Serbia peaked at 37.7% in 2011 and was at its lowest, 20.5%, in 2023.

Serbia ranks 77th of 120 countries on this measure, in the middle of the range.

Initial government funding per tertiary student as a percentage of in Serbia, year by year

Annual values for Initial government funding per tertiary student as a percentage of GDP per capita in Serbia, 2007 to 2023.
Year Value Change
2007 32.4%
2011 37.7% +16.3%
2016 28.5% -24.4%
2017 28.6% +0.5%
2018 25.9% -9.5%
2019 27.7% +6.9%
2021 24.4% -11.9%
2022 22.8% -6.6%
2023 20.5% -9.8%

Averages by decade

DecadeAverage LowestHighest Years
2000s 32.4% 32.4% 32.4% 1
2010s 29.6% 25.9% 37.7% 5
2020s 22.6% 20.5% 24.4% 3

Countries ranked near Serbia

  1. 74 Indonesia 21.0% compare
  2. 75 Uruguay 20.7% compare
  3. 76 Lao People's Democratic Republic 20.5% compare
  4. 78 Bulgaria 20.5% compare
  5. 79 Mexico 20.4% compare
  6. 80 Portugal 19.8% compare

See the full ranking of 120 places →

More education data for Serbia

All data for Serbia →

Frequently asked questions

What is initial government funding per tertiary student as a percentage of in Serbia?
Initial government funding per tertiary student as a percentage of in Serbia was 20.5% in 2023, according to UNESCO Institute for Statistics.
What is the highest initial government funding per tertiary student as a percentage of recorded in Serbia?
The highest recorded value was 37.7% in 2011.
What is the lowest initial government funding per tertiary student as a percentage of recorded in Serbia?
The lowest recorded value was 20.5% in 2023.
How does Serbia rank for initial government funding per tertiary student as a percentage of?
Serbia ranks 77th out of 120 countries with data for 2023.
Is initial government funding per tertiary student as a percentage of rising or falling in Serbia?
Over the last ten years it is down 45.5%. 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 Initial government funding per tertiary student as a percentage of GDP per capita. Statizoid updates them automatically from the source API.

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Initial government funding per tertiary student as a percentage of in Serbia. Statizoid, drawing on UNESCO Institute for Statistics. Retrieved 09 September 2026, from https://education.statizoid.com/stat/initial-government-funding-per-tertiary-student-as-a-percentage-of-gdp-per-capita-2/serbia/

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About this data

Indicator
Initial government funding per tertiary student as a percentage of GDP per capita
Source
UNESCO Institute for Statistics
Licence
CC BY-SA 3.0 IGO (UNESCO Institute for Statistics)
Coverage
120 places, 1,713 data points, 1970–2024
Last refreshed

February 2026 Data Release