It was known as the Yugoslavia national basketball team until April 1992 and the FR Yugoslavia / Serbia and Montenegro national basketball team until June 2006. When Serbia became independent, it became the successor state to the Serbia and Montenegro and, therefore, the results of previous state FR Yugoslavia / Serbia and Montenegro rightfully belong to it. However FR Yugoslavia / Serbia and Montenegro is not considered to be the successor of SFRY so the results before 1992 don't belong to the current team. Serbia is currently ranked eleventh in the FIBA World Rankings.
Yugoslavia made its European championship debut in Eurobasket 1947, the fifth edition of the tournament. The team placed 13th out of 14 teams in the competition, losing to the Soviet Union and Hungary in the preliminary round, beating the Netherlands but losing to Italy in the semifinal round (placing third in the three-way tie between the teams), and defeating Albania in the 13th/14th classification match.
Yugoslavia's appearance at the Eurobasket 1957 tournament in Sofia resulted in a 2–1 record for the preliminary round and advancement to the final round robin. There, they proved capable of two wins, defeating Poland and France to finish at 2–5 for 6th place in the tournament.
The Yugoslav national team of the late 1980s and early 1990s featured what was perhaps the greatest generation in the history of Yugoslav basketball. A common quip about basketball is: "The Canadians invented it, the Yugoslavs perfected it." With such future NBA players as Dražen Petrović, Vlade Divac, Toni Kukoč, Dino Rađa, Predrag Danilović and Žarko Paspalj, has pioneered the wave of international NBA players well before the early 21st century, when the concept began to gain true global momentum.
Many of the former Yugoslav stars mentioned above were a part of the under-21 national team that won the FIBA World Junior Championships in 1987, defeating the United States both in pool play and in the final.
FR Yugoslavia/Serbia and Montenegro (1992–2006)
Despite being a noticeably smaller country, the national basketball team continued to be a very competitive force in the international scene. They won a number of back to back Eurobasket championships, and World Cups. They dominated the world scene in 1990s, in generations led by players such as Vlade Divac, Peja Stojaković, Aleksandar Đorđević and Dejan Bodiroga, but went through a crisis in early 2000s.