Serbia: Trade balance, percent of GDP

* indicates monthly or quarterly data series
 Serbia

Trade balance as percent of GDP

 Latest value -4.50
 Year 2023
 Measure percent
 Data availability 1995 - 2023
 Average -10.95
 Min - Max -23.96 - -3.06
 Source The World Bank
The latest value from 2023 is -4.5 percent, an increase from -10.97 percent in 2022. In comparison, the world average is -3.03 percent, based on data from 137 countries. Historically, the average for Serbia from 1995 to 2023 is -10.95 percent. The minimum value, -23.96 percent, was reached in 2004 while the maximum of -3.06 percent was recorded in 1995. 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 data
Serbia - Trade balance, percent of GDP - Recent values chart

Historical series
Serbia - Trade balance, percent of GDP - historical chart - 1995-2023




The trade balance for Serbia 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).

Selected articles from our guide:

What factors determine the exchange rates

International lending and sovereign debt

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 Related indicators Latest Reference Measure
 Terms of trade 97.18 2021 percent
 Trade openness 124.27 2023 percent
 Exports, percent of GDP 59.88 2023 percent
 Exports, billion dollars 45.02 2023 billion U.S. dollars
 Growth of exports 2.41 2023 percent
 Imports, percent of GDP 64.39 2023 percent
 Imports, billion dollars 48.41 2023 billion U.S. dollars
 Foreign Direct Investment, percent of GDP 6.51 2023 percent
 Foreign Direct Investment, billion dollars 4.61 2022 billion U.S. dollars
 Portfolio investment inflows, equities 13.61 2023 million dollars (current)
 Current account, percent of GDP -2.60 2023 percent
 Current account, in dollars -1.95 2023 billion U.S. dollars
 Trade balance, percent of GDP -4.50 2023 percent
 Trade balance, in dollars -3.87 2023 billion U.S. dollars
 Reserves 27.57 2023 billion U.S. dollars
 Remittances, percent of GDP 7.68 2023 percent
 Remittances 5,772.22 2023 million U.S. dollars
 Net errors and omissions 516.48 2023 million USD
 External debt 73.12 2022 percent
 Short-term external debt 5.80 2022 percent
 Short-term debt to reserves 12.38 2022 percent
 Foreign exchange reserves 28.28 9/2024 billion
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