What was Serbia's Exports of goods and services (% of GDP) in 2024?

In 2024, Serbia's Exports of goods and services (% of GDP) was 53.58, according to World Bank Open Data.

Is Serbia's Exports of goods and services (% of GDP) rising or falling?

Serbia's Exports of goods and services (% of GDP) fell 2.7% from 2023 to 2024.

How does Serbia rank globally on Exports of goods and services (% of GDP)?

In 2024, Serbia ranked #44 out of 160 countries reporting Exports of goods and services (% of GDP).

How does Serbia's Exports of goods and services (% of GDP) compare to the world average?

The global average for Exports of goods and services (% of GDP) in 2024 was 44.26, so Serbia is above the world average. Within Europe & Central Asia, it ranks #22 of 49.

Serbia: Exports of goods and services (% of GDP)

Name: Serbia: Exports of goods and services (% of GDP)
Creator: World Bank
License: https://datacatalog.worldbank.org/public-licenses#cc-by

In 2024, Serbia's Exports of goods and services (% of GDP) was 53.58.

That's down 2.7% from 2023, the highest value since 2023.

The global average for this indicator in 2024 was 44.26 . Serbia ranks #44 globally out of 160 reporting countries. Within Europe & Central Asia, it ranks #22 of 49.

Source: World Bank Open Data (NE.EXP.GNFS.ZS) • Data as of 2024

Trend (2005–2024)

2008 · Global financial crisis
2020 · COVID-19 pandemic
2014 · Oil price collapse
2022 · Russia–Ukraine war begins

Highlights

Peak: 60.74; 2022
Trough: 25.34; 2009
1-year change: -2.7%
5-year change: +9.4%; +1.8% / yr
10-year change: +32.9%; +2.9% / yr

Historical Data — Last 10 Years

Year	Exports of goods and services (% of GDP)
2024	53.5838
2023	55.0746
2022	60.7382
2021	52.3404
2020	46.1051
2019	48.9610
2018	48.6702
2017	48.1325
2016	46.4537
2015	43.3851

About Exports of goods and services (% of GDP)

Exports of goods includes changes in the economic ownership of goods from residents of the compiling economy to non-residents, irrespective of physical movement of goods across national borders. Exports of services includes services provided by residents to non-residents. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.

Indicator code: NE.EXP.GNFS.ZS • Category: Economy

Frequently asked questions

What was Serbia's Exports of goods and services (% of GDP) in 2024?: In 2024, Serbia's Exports of goods and services (% of GDP) was 53.58, according to World Bank Open Data.
Is Serbia's Exports of goods and services (% of GDP) rising or falling?: Serbia's Exports of goods and services (% of GDP) fell 2.7% from 2023 to 2024.
How does Serbia rank globally on Exports of goods and services (% of GDP)?: In 2024, Serbia ranked #44 out of 160 countries reporting Exports of goods and services (% of GDP).
How does Serbia's Exports of goods and services (% of GDP) compare to the world average?: The global average for Exports of goods and services (% of GDP) in 2024 was 44.26, so Serbia is above the world average. Within Europe & Central Asia, it ranks #22 of 49.
What is Exports of goods and services (% of GDP) and how is it measured?: Exports of goods includes changes in the economic ownership of goods from residents of the compiling economy to non-residents, irrespective of physical movement of goods across national borders. Exports of services includes services provided by residents to non-residents. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.

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Source: World Bank Open Data (NE.EXP.GNFS.ZS), CC BY 4.0.