← INNOVATIVE ECOSYSTEMS
    🇷🇸

    Serbia

    Extended
    Europe · #49 of 117 markets · IEPA 2024 (final) · 2026 current estimate available
    59.9▲ +0.4 YoY
    ●●○0.79IEPA COMPOSITE

    Serbia scores 59.9 out of 100 on the IEPA (2024 edition), ranking #49 of 117 economies. That is up 0.4 points on the year before. Its strongest zone is FDI Accelerator at 80.7. Its binding constraint, the lowest-scoring of its six zones, is Entrepreneurship Capacity at 50.4. How the IEPA works →

    SIX FACTORS · CLICK ANY SCORE FOR ITS EVIDENCE
    IEPA TRAJECTORY · 2010–2026
    2010201220142016201820202022202420264448525660
    CAPITAL FLOWS · FDI NET INFLOWS % OF GDP
    2010201120122013201420152016201720182019202120232025036912
    IE FDI intelligence · synced weekly
    PRODUCTIVE CAPABILITY
    IE COMPLEXITY LAYER · VINTAGE 2024
    #36of 145 ranked economies▲ 8 places since 2010
    How much productive know-how this market has demonstrated, read from the range and rarity of what it makes competitively.
    20102011201220132014201520162017201820192020202120222023202435384146
    CAPABILITY RANK · HIGHER IS BETTER
    1.84% / yr
    Implied growth
    Annual growth the current capability base points to.
    270
    Diversity
    Distinct products made at competitive scale.
    +0.76
    Capability score
    Standardized: 0 is the world average.
    +0.97
    Outlook
    Value of the new products within reach of what it already does.
    INDUSTRY STRENGTHS · REVEALED FROM TRADE EVIDENCE
    VINTAGE 2022-2024
    POSITION IN THE PRODUCT SPACE
    IE COMPLEXITY LAYER · VINTAGE 2024
    Construction, Building, and Home Supplies53 of 104 made · 71% of the rest within reach
    Agriculture64 of 200 made · 51% of the rest within reach
    Textile Apparel and Accessories13 of 50 made · 76% of the rest within reach
    Metalworking and Electrical Machinery and Parts38 of 155 made · 65% of the rest within reach
    Minerals11 of 48 made · 46% of the rest within reach
    Textile and Home Goods9 of 78 made · 38% of the rest within reach
    Industrial Chemicals and Metals13 of 157 made · 31% of the rest within reach
    Electronic and Electrical Goods4 of 73 made · 32% of the rest within reach
    MADE COMPETITIVELYONE STEP AWAY
    Widest opening is Textile Apparel and Accessories. This market makes 26% of that cluster today, and 76% of what it does not make sits one step from something it already does.
    READ ON THE 205 OF 270 COMPETITIVE PRODUCTS THAT CARRY A POSITION IN THE CAPABILITY MAP
    POSITIONED TO BUILD NEXT
    IE COMPLEXITY LAYER · VINTAGE 2024
    Tanks etc. < 300 liters, iron or steelENERGY TRANSITION$7B world market
    Mining, Metals & MaterialsOPENS 0.12 · COMPLEXITY 0.00
    Books, brochures etc.$13B world market
    Wood, Paper & FurnitureOPENS 0.11 · COMPLEXITY +0.06
    Hair products$17B world market
    Chemicals & PlasticsOPENS 0.11 · COMPLEXITY +0.16
    Other prepared or preserved meat$20B world market
    Agrifood & FisheriesOPENS 0.08 · COMPLEXITY -0.01
    Toiletries$14B world market
    Chemicals & PlasticsOPENS 0.06 · COMPLEXITY +0.12
    Particle board and similar board$10B world market
    Wood, Paper & FurnitureOPENS 0.06 · COMPLEXITY +0.19
    THE NEAREST OPTIONS AMONG 343 PRODUCTS ASSESSED · RANKED BY HOW MUCH EACH OPENS UP NEXT
    LIVE SIGNALS
    When We Can Build Anything: What Should We Build, and How?
    The Recursive · Oct 9 · Startup Ecosystem
    Geraldine Maravich Obituary (2026) - San Antonio, FL - Legacy | Obituary
    Google News · Serbia · Startups & Innovation · Oct 5 · Startup Ecosystem
    PEERS · EXTENDED
    🇬🇷Greece58.2→🇦🇲Armenia59.4→🇨🇱Chile59.7→🇱🇻Latvia59.7→
    ECOSYSTEM DENSITY
    IE Ecosystem Registry · 2026-07-17
    233organizations indexed across 7 types · 231 mapped
    Universities & research bodies
    131
    Research organizations
    34
    Health research
    27
    Government bodies
    21
    Corporate R&D
    13
    Fab labs & makerspaces
    5
    Science & tech parks
    2
    Universities, corporate R&D, government bodies, incubators, accelerators, science parks, and special economic zones, indexed today.Explore the directory →
    ORGANIZATIONS
    a sample of 233 indexed
    Science Technology Park Belgrade
    Science & tech parks · Belgrade
    Science Technology Park Nis
    Science & tech parks · Nis
    State University of Novi Pazar
    Universities & research bodies · Novi Pazar · 2006
    Academy of Engineering Sciences of Serbia
    Universities & research bodies · Belgrade · 1998
    Društvo ekonomista „Ekonomika“, Niš
    Research organizations · Niš · 2000
    Klinički centar Niš
    Health research · Niš · 1990
    Serbian Academy of Sciences and Arts
    Government bodies · Belgrade · 1841
    Polyhedra FabLab
    Fab labs & makerspaces · Belgrade
    Members get the full directory, filters, and exports.See all 233 organizations →

    Serbia: common questions

    What is Serbia's IEPA score?
    Serbia scores 59.9 out of 100 on the IEPA, 2024 edition, which ranks it #49 of 117 economies.
    What is Serbia's strongest zone?
    FDI Accelerator, at 80.7. The six zones are scored separately, so a market's strengths stay visible instead of being averaged away.
    What is holding Serbia back?
    Its binding constraint is Entrepreneurship Capacity, at 50.4, the lowest of its six zones. The IEPA reports every zone separately so the constraint stays visible instead of being averaged into the composite.
    How does Serbia compare with its peers?
    The closest scored peers are Greece (58.2), Armenia (59.4), Chile (59.7), Latvia (59.7).
    What is the IEPA?
    The Innovation Ecosystem Prosperity Assessment (IEPA) scores economies across six zones: innovation capacity, entrepreneurship capacity, resilience, alignment, the FDI accelerator, and prosperity outcomes. Every score carries a confidence band and traces to the evidence behind it.
    Run the full diagnostic →Talk to IE about Serbia →