Serbia has a population of 7 million people, and a land mass of 87 000 km2. Life expectancy is 75 years, and with a per capita GDP of USD 7411, the country is classified as a higher middle income country. The country's GDP grew in 2019 with 4.2%, and totaled a nominal value of USD 51.4 billion.
Serbia is ranked at place 44 in the World Bank Doing Business Index, out of 190 countries in total. On Transparency International's corruption perception index, Serbia is ranked at place 94, out of 180 countries in total.
Norwegian exports to Serbia in 2020 were NOK 423 million. The same year, Norway imported goods from Serbia at a value of NOK390 million.