Business climate in Serbia
Serbia ranks #32 of 54 on the overall business climate (score 53). Its strongest suit is red tape, followed by business taxes; the weakest is rule of law.
| Driver | Score | Rank | Measures |
|---|---|---|---|
| Red tape and ease of doing business | 72 | #15 of 54 | Regulatory framework (World Bank B-READY 2025): 76 (2025); Business entry (B-READY): 94 (2025); Public services for business (B-READY): 62 (2025); Days to start a business (Doing Business): 5.50 (2017); Procedures to start a business (Doing Business): 5.00 (2017); Ease of doing business rank (Doing Business, 1 = easiest of 190): 43 (2017) |
| Rule of law and legal certainty | 23 | #50 of 54 | Liberal democracy (V-Dem): 0.21 (2025); Corruption perceptions score (higher = cleaner): 33 (2025); Strength of legal rights for borrowers and lenders: 6.00 (2017); Dispute resolution (B-READY): 65 (2025) |
| Taxes on business | 64 | #18 of 53 | Corporate income tax rate (headline): 15 (2026); Total tax and contribution rate on commercial profits: 40 (2017); Taxation administration (B-READY): 61 (2025) |
| Cost of capital | – | – | Access to finance (B-READY): 82 (2025) |
| Energy prices for business | 57 | #14 of 31 | Business electricity price (Eurostat, 500-1,999 MWh a year): 0.15 (2025) |
| Growth momentum and investment trend | 61 | #13 of 53 | Real GDP growth, average of the last five years: 4.08 (2025); Growth trend: last three years against 2015-2019: 0.04 (2025); Foreign direct investment, net inflows: 6.10 (2023) |
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