San Marino: Trade balance, percent of GDP
* indicates monthly or quarterly data series
| San Marino |
Trade balance as percent of GDP |
|---|---|
| Latest value | 26.16 |
| Year | 2021 |
| Measure | percent |
| Data availability | 2015 - 2021 |
| Average | 24.56 |
| Min - Max | 20.73 - 27.54 |
| Source | The World Bank |
The latest value from 2021 is 26.16 percent, an increase from 24.05 percent in 2020. In comparison, the world average is -5.16 percent, based on data from 168 countries. Historically, the average for San Marino from 2015 to 2021 is 24.56 percent. The minimum value, 20.73 percent, was reached in 2019 while the maximum of 27.54 percent was recorded in 2015.
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* indicates monthly or quarterly data series
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The trade balance for San Marino and other countries is calculated as the difference between the exports and imports of goods and services, as percent of GDP. A positive number means trade surplus and a negative number means trade deficit.
Definition: External balance on goods and services (formerly resource balance) equals exports of goods and services minus imports of goods and services (previously nonfactor services).
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| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Trade openness | 370.44 | 2022 | percent |
| Financial openness | 1.034 | 2021 | index points |
| Exports, percent of GDP | 197.41 | 2022 | percent |
| Exports, billion dollars | 3.62 | 2022 | billion U.S. dollars |
| Growth of exports | 29.45 | 2021 | percent |
| Imports, percent of GDP | 158.16 | 2021 | percent |
| Imports, billion dollars | 3.17 | 2022 | billion U.S. dollars |
| Portfolio investment inflows, equities | 5.48 | 2022 | million dollars (current) |
| Current account, percent of GDP | 6.47 | 2021 | percent |
| Current account, in dollars | 0.28 | 2022 | billion U.S. dollars |
| Trade balance, percent of GDP | 26.16 | 2021 | percent |
| Trade balance, in dollars | 0.45 | 2022 | billion U.S. dollars |
| Reserves | 0.84 | 2023 | billion U.S. dollars |
| Remittances, percent of GDP | 1.13 | 2021 | percent |
| Remittances | 21.04 | 2023 | million U.S. dollars |
| Net errors and omissions | -15.03 | 2022 | million USD |