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Accounting & Auditing in Serbia - Market Size, Industry Analysis, Trends and Forecasts (2024-2029)

RS-M692 March 2024 Factsheet

Revenue

€223.3m

2019-2024 3.7 %
2024-2029 X.X %

Employees

9,492

2019-2024 3.8 %
2024-2029 X.X %

Businesses

2,211

2019-2024 0.7 %
2024-2029 X.X %

Wages

€XX.Xm

2019-2024 XX.X %
2024-2029 X.X %

Accounting & Auditing in Serbia market size outlook

Total value and annual change from from 2014-2029. Includes 5-year outlook.

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About Factsheets

Industry Statistics and Rankings

How does this industry perform in Serbia compared to Europe?

Country Benchmarking

Industry Data Serbia

Ranking are out of 37 European countries for which IBISWorld provides country-level factsheets.

Revenue
#34 In Europe
Business
#30 In Europe
Employees
#30 In Europe
Wages
#34 In Europe

The Accounting & Auditing in Serbia ranks 34 in Europe with regards to its 2024 revenue (€223.3m). Revenue received by operators in Serbia has been low in volatility over the past five-year period, with the average annual change in revenue (3.7 %) most comparable to...

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Enterprises
Number of businesses in 2024

Revenue per Enterprise
Value (€ Million) in 2024

Top Questions Answered in this Report

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What is the market size of the Accounting & Auditing industry in Serbia in 2024?

The market size of the Accounting & Auditing industry in Serbia is €223.3m in 2024. 

How many businesses are there in the Accounting & Auditing in Serbia industry in 2024?

There are 2,211 businesses in the Accounting & Auditing industry in Serbia, which has grown at a CAGR of 0.7 % between 2019 and 2024.

Has the Accounting & Auditing industry in Serbia grown or declined over the past 5 years?

The market size of the Accounting & Auditing industry in Serbia has been declining at a CAGR of 0.7 % between 2019 and 2024. 

What is the forecast growth of the Accounting & Auditing industry in Serbia over the next 5 years?

Over the next five years, the Accounting & Auditing industry in Serbia is expected to decline.

What are the biggest companies in the Accounting & Auditing market in Serbia?

The biggest companies operating in the Accounting & Auditing market in Serbia are Deloitte Touche Tohmatsu Ltd and Ernst & Young Global Ltd

What does the Accounting & Auditing in Serbia include?

Audit services and Financial and management accounting are part of the Accounting & Auditing industry.

Which companies have the highest market share in the Accounting & Auditing in Serbia?

The company holding the most market share in Serbia is Deloitte Touche Tohmatsu Ltd.

How competitive is the Accounting & Auditing industry in Serbia?

The level of competition is moderate and steady in the Accounting & Auditing industry in Serbia.

Related Industries

This industry is covered in 37 countries

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Table of Contents

About this industry

Industry definition

The industry comprises a wide range of services including accounting, auditing, bookkeeping and tax consultancy. Companies prepare and examine financial accounts, record commercial transactions for other organisations, prepare personal and business income tax returns, offer tax advisory services, and represent businesses before tax authorities.

What's included in this industry?

Audit servicesFinancial and management accountingTax servicesBookkeepingPersonal tax services

Industry Code

ISIC 2006

692 - Accounting, bookkeeping and auditing activities; tax consultancy in Serbia

Performance

Revenue Highlights

Trends
  • Revenue
  • 2024 Revenue CAGR
  • Revenue Volatility

Employment Highlights

Trends
  • Employees
  • Employees per Business
  • Revenue per Employee

Business Highlights

Trends
  • Businesses
  • Employees per Business
  • Revenue per Business

Current Performance

Charts
  • Revenue in the Accounting & Auditing in Serbia
  • Employees in the Accounting & Auditing in Serbia
  • Business in the Accounting & Auditing in Serbia
  • Profit in the Accounting & Auditing in Serbia

Current Performance

Analysis

How does this country's performance compare to Europe?


Life Cycle

Charts
  • Industry Life Cycle Matrix

Products and Markets

Highlights

Trends
  • Largest Market
  • Product Innovation

International Trade

Heat maps
  • Industry Concentration of Imports by Country
  • Industry Concentration of Exports by Country

Competitive Forces

Highlights

Trends
  • Concentration
  • Competition
  • Barriers to Entry
  • Substitutes
  • Buyer Power
  • Supplier Power
ANALYSIS

What is the competitive landscape in Europe?

External Environment

Highlights

Trends
  • Regulation & Policy
  • Assistance

Key Takeaways

The EU Audit Reform aims to improve competition. Coming into force in 2016, the regulation requires companies to rotate auditors and restricts auditors from providing certain non-audit services to their clients.

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External Drivers

Analysis

What demographic and macroeconomic factors impact the Accounting & Auditing in Serbia industry?

Financial Benchmarks

Highlights

Trends
  • Profit Margin
  • Average Wage
  • Largest Cost

Key Takeaways

Firms keep their profit strong despite facing challenging conditions. High wages, technology investment and regulatory standards have driven up costs, pushing firms to elevate their fees to maintain their profitability.

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Cost Structure

Charts
  • Share of Economy vs. Investment Matrix
  • Industry Cost Structure Benchmarks:
    • Marketing
    • Depreciation
    • Profit
    • Purchases
    • Wages
    • Rent
    • Utilities
    • Other
Analysis

What trends impact cost in the Accounting & Auditing in Serbia industry?


Key Ratios

Data tables
  • IVA/Revenue (2014-2029)
  • Imports/Demand (2014-2029)
  • Exports/Revenue (2014-2029)
  • Revenue per Employee (2014-2029)
  • Wages/Revenue (2014-2029)
  • Employees per Establishment (2014-2029)
  • Average Wage (2014-2029)

Country Benchmarks

European Leaders & Laggards

Data Tables

Top and boottom five countries listed for each:

  • Revenue Growth (2024)
  • Business Growth (2024)
  • Job Growth (2024)

European Country Performance

Data Tables

Rankings available for 37 countries. Statistics ranked include:

  • IVA/Revenue (2024)
  • Imports/Demand (2024)
  • Exports/Revenue (2024)
  • Revenue per Employee (2024)
  • Wages/Revenue (2024)
  • Employees per Establishment (2024)
  • Average Wage (2024)

Structural Comparison

Data Tables

Trends in 37 countries benchmarked against trends in Europe

  • Concentration
  • Competition
  • Barriers to Entry
  • Buyer Power
  • Supplier Power
  • Volatility
  • Capital Intensity
  • Innovation
  • Life Cycle

Key Statistics

Industry Data

Data Tables

Including values and annual change:

  • Revenue (2014-2029)
  • IVA (2014-2029)
  • Establishments (2014-2029)
  • Enterprises (2014-2029)
  • Employment (2014-2029)
  • Exports (2014-2029)
  • Imports (2014-2029)
  • Wages (2014-2029)

Methodology

Where does IBISWorld source its data?

IBISWorld is a world-leading provider of business information, with reports on 5,000+ industries in Australia, New Zealand, North America, Europe and China. Our expert industry analysts start with official, verified and publicly available sources of data to build an accurate picture of each industry.

Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and IBISWorld's proprietary database of statistics and analysis to provide balanced, independent and accurate insights. 

IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools.

To learn more about specific data sources used by IBISWorld's analysts globally, including how industry data forecasts are produced, visit our Help Center.