Serbia: Trade openness

* indicates monthly or quarterly data series

Trade openness: exports plus imports as percent of GDP

 Latest value 138.65
 Year 2022
 Measure percent
 Data availability 1995 - 2022
 Average 74.91
 Min - Max 13.39 - 138.65
 Source The World Bank
For that indicator, we provide data for Serbia from 1995 to 2022. The average value for Serbia during that period was 74.91 percent with a minimum of 13.39 percent in 1995 and a maximum of 138.65 percent in 2022. The latest value from 2022 is 138.65 percent. For comparison, the world average in 2022 based on 157 countries is 100.30 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
Serbia - Trade openness - Recent values chart

Historical chart
Serbia - Trade openness - historical chart - 1995-2022

Definition: Exports plus imports as percent of GDP.

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 Related indicators Latest value Reference Measure
 Terms of trade 97.18 2021 percent
 Trade openness 138.65 2022 percent
 Exports, percent of GDP 63.84 2022 percent
 Exports, billion dollars 45.02 2023 billion U.S. dollars
 Growth of exports 16.62 2022 percent
 Imports, percent of GDP 74.81 2022 percent
 Imports, billion dollars 48.41 2023 billion U.S. dollars
 Foreign Direct Investment, percent of GDP 7.26 2022 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 -10.97 2022 percent
 Trade balance, in dollars -3.87 2023 billion U.S. dollars
 Reserves 20.68 2022 billion U.S. dollars
 Remittances, percent of GDP 8.81 2022 percent
 Remittances 5,601.11 2022 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 24.18 9/2023 billion
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