Serbia’s GDP to world comparison remains below its 1970s high, Branko Milanovic notes

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30.05.2026

Serbia’s GDP to world comparison remains below its 1970s high, Branko Milanovic notes — Serbia’s GDP lags behind 1970s levels

Branko Milanovic highlights the trajectory of Serbia’s GDP per capita compared to the global average. He observes significant progress from 1952 to 1982, followed by stagnation, a sharp downturn during the 1990s, and some improvement in the twenty-first century, though still far from Serbia’s relative peak in the 1970s.

He further notes that Serbia’s global economic position today is comparable to previous decades but has yet to regain its former standing.

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Milanovic has previously argued that current economic policy continues to favor the wealthy, with no increase in taxes on top or capital incomes. This focus on tax structures adds further context to debates over Serbia’s long-term economic performance. The observations come as policymakers weigh the country’s position relative to global averages.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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