Key Market Indicators
Serbia's passenger transport revenue is projected to hit approximately $503 million by 2028, up from about $437 million in 2023. This growth translates to an average annual increase of 2.2%. Since 2012, the Serbian market has been expanding at an average rate of 2.1% each year. In 2023, Serbia ranked 30th in the global standings, with South Africa surpassing it at around $437 million. Leading the ranking, Qatar, Ireland, and Russia secured the second, third, and fourth positions, respectively.
