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
For that indicator, we provide data for San Marino from 2015 to 2021. The average value for San Marino during that period was 24.56 percent with a minimum of 20.73 percent in 2019 and a maximum of 27.54 percent in 2015. The latest value from 2021 is 26.16 percent. For comparison, the world average in 2021 based on 160 countries is -4.49 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series


Recent values chart
San Marino - Trade balance, percent of GDP - Recent values chart




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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The Balance of Payments: the current and financial accounts



 Related indicators Latest value Reference Measure
 Trade openness 342.47 2021 percent
 Financial openness 1.034 2021 index points
 Exports, percent of GDP 184.31 2021 percent
 Exports, billion dollars 3.42 2021 billion U.S. dollars
 Growth of exports 29.45 2021 percent
 Imports, percent of GDP 158.16 2021 percent
 Imports, billion dollars 2.93 2021 billion U.S. dollars
 Portfolio investment inflows, equities -1.33 2021 million dollars (current)
 Current account, percent of GDP 6.47 2021 percent
 Trade balance, percent of GDP 26.16 2021 percent
 Trade balance, in dollars 0.49 2021 billion U.S. dollars
 Reserves 0.72 2022 billion U.S. dollars
 Remittances, percent of GDP 1.13 2021 percent
 Remittances 21.04 2022 million U.S. dollars
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