Productivity vs. educational attainment in Serbia
Serbia: Productivity vs. educational attainment was 25.36 international-$ in 2021 prices per hour in 2023. ▲ Rising
Latest (2023)
25.36 international-$ in 2021 prices per hour
Change on year
up 6.8%
World rank
68th
of 130 countries
All-time high
25.46 international-$ in 2021 prices per hour
in 2012
All-time low
16 international-$ in 2021 prices per hour
in 2005
Years of data
19
2005–2023
Productivity vs. educational attainment in Serbia, 2005–2023
Source: Feenstra et al. – Penn World Table (2025) – with major processing by Our World in Data. Measured in international-$ in 2021 prices per hour.
Analysis
The most recent figure for productivity vs. educational attainment in Serbia is 25.36 international-$ in 2021 prices per hour, measured in 2023.
Compared with earlier readings it is up 6.8% on the previous year and up 2.6% over ten years.
Over the whole period, productivity vs. educational attainment in Serbia peaked at 25.46 international-$ in 2021 prices per hour in 2012 and was at its lowest, 16 international-$ in 2021 prices per hour, in 2005.
That places Serbia 68th out of 130 countries with data for 2023, putting it in the middle of the range.
The long-run direction has been consistently rising across the 19 years of available data.
Productivity vs. educational attainment in Serbia, year by year
| Year | international-$ in 2021 prices per hour | Change |
|---|---|---|
| 2005 | 16 international-$ in 2021 prices per hour | — |
| 2006 | 17.61 international-$ in 2021 prices per hour | +10.0% |
| 2007 | 17.89 international-$ in 2021 prices per hour | +1.6% |
| 2008 | 18.38 international-$ in 2021 prices per hour | +2.7% |
| 2009 | 19.67 international-$ in 2021 prices per hour | +7.0% |
| 2010 | 21.69 international-$ in 2021 prices per hour | +10.3% |
| 2011 | 25.26 international-$ in 2021 prices per hour | +16.5% |
| 2012 | 25.46 international-$ in 2021 prices per hour | +0.8% |
| 2013 | 24.73 international-$ in 2021 prices per hour | -2.9% |
| 2014 | 24.29 international-$ in 2021 prices per hour | -1.8% |
| 2015 | 22.97 international-$ in 2021 prices per hour | -5.4% |
| 2016 | 22.31 international-$ in 2021 prices per hour | -2.9% |
| 2017 | 22.46 international-$ in 2021 prices per hour | +0.7% |
| 2018 | 22.24 international-$ in 2021 prices per hour | -1.0% |
| 2019 | 23.73 international-$ in 2021 prices per hour | +6.7% |
| 2020 | 23.55 international-$ in 2021 prices per hour | -0.8% |
| 2021 | 24.47 international-$ in 2021 prices per hour | +3.9% |
| 2022 | 23.76 international-$ in 2021 prices per hour | -2.9% |
| 2023 | 25.36 international-$ in 2021 prices per hour | +6.8% |
Serbia compared with similar countries
- Serbia's 25.36 international-$ in 2021 prices per hour is above the median for upper middle income countries, which is 20.42 international-$ in 2021 prices per hour, 1.2× the median. (38 countries reporting)
- Serbia's 25.36 international-$ in 2021 prices per hour is below the median for Europe & Central Asia, which is 46.15 international-$ in 2021 prices per hour, 55% of the median. (47 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 17.91 international-$ in 2021 prices per hour | 16 international-$ in 2021 prices per hour | 19.67 international-$ in 2021 prices per hour | 5 |
| 2010s | 23.51 international-$ in 2021 prices per hour | 21.69 international-$ in 2021 prices per hour | 25.46 international-$ in 2021 prices per hour | 10 |
| 2020s | 24.28 international-$ in 2021 prices per hour | 23.55 international-$ in 2021 prices per hour | 25.36 international-$ in 2021 prices per hour | 4 |
Countries ranked near Serbia
- 65 Mexico 26.8 international-$ in 2021 prices per hour compare
- 66 Armenia 25.99 international-$ in 2021 prices per hour compare
- 67 Algeria 25.87 international-$ in 2021 prices per hour compare
- 69 Azerbaijan 23.42 international-$ in 2021 prices per hour compare
- 70 Dominican Republic 23.23 international-$ in 2021 prices per hour compare
- 71 Iran 22.04 international-$ in 2021 prices per hour compare
More education data for Serbia
- Teachers in secondary education, both sexes (number), gaps filled 67,944 (2024)
- Repeaters in primary education, all grades, both sexes (number), gaps 530 (2022)
- Enrolment in pre-primary education, male (number), gaps filled 89,461 (2024)
- Enrolment in pre-primary education, female (number), gaps filled 84,207 (2024)
- Secondary education, pupils, gaps filled 478,731 (2024)
- Primary education, duration (years), annual growth rate 0 % change on previous year (2025)
- Primary education, pupils, gaps filled 251,941 (2024)
- Primary education, pupils, annual growth rate -0.2155 % change on previous year (2022)
- Primary education, pupils, per unit of GDP 0 units per US$ of GDP (2024)
- Primary education, pupils, per capita 0.0383 units per person (2024)
Frequently asked questions
- What is productivity vs. educational attainment in Serbia?
- Productivity vs. educational attainment in Serbia was 25.36 international-$ in 2021 prices per hour in 2023, according to Feenstra et al. – Penn World Table (2025) – with major processing by Our World in Data.
- What is the highest productivity vs. educational attainment recorded in Serbia?
- The highest recorded value was 25.46 international-$ in 2021 prices per hour in 2012.
- What is the lowest productivity vs. educational attainment recorded in Serbia?
- The lowest recorded value was 16 international-$ in 2021 prices per hour in 2005.
- How does Serbia rank for productivity vs. educational attainment?
- Serbia ranks 68th out of 130 countries with data for 2023.
- Is productivity vs. educational attainment rising or falling in Serbia?
- Over the last ten years it is up 2.6%. The long-run trend across the full record is rising.
- Where does this Serbia data come from?
- The figures come from Feenstra et al. – Penn World Table (2025) – with major processing by Our World in Data, published as part of Productivity vs. educational attainment. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 19 observations, free to reuse under CC BY 4.0 (Our World in Data).
About this data
Productivity is calculated as GDP divided by the total number of hours worked in the economy. This data is adjusted for inflation and differences in living costs between countries.