Serbia: Trade (% of GDP)
In , Serbia's Trade (% of GDP) was 111.73.
That's down 2.4% from 2023, the highest value since .
The global average for this indicator in 2024 was 92.19 . Serbia ranks #42 globally out of 160 reporting countries. Within Europe & Central Asia, it ranks #20 of 49.
Source: World Bank Open Data (NE.TRD.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
- 131.91
- Trough
- 63.50
- 1-year change
- -2.4%
- 5-year change
- +3.9%
- +0.8% / yr
- 10-year change
- +26.4%
- +2.4% / yr
Historical Data — Last 10 Years
| Year | Trade (% of GDP) |
|---|---|
| 111.7250 | |
| 114.4921 | |
| 131.9133 | |
| 112.3423 | |
| 100.3245 | |
| 107.5773 | |
| 105.5637 | |
| 102.7404 | |
| 97.6907 | |
| 93.5281 |
About Trade (% of GDP)
Trade is the sum of exports and imports of goods and services. 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.TRD.GNFS.ZS • Category: Economy
Frequently asked questions
- What was Serbia's Trade (% of GDP) in 2024?
- In 2024, Serbia's Trade (% of GDP) was 111.73, according to World Bank Open Data.
- Is Serbia's Trade (% of GDP) rising or falling?
- Serbia's Trade (% of GDP) fell 2.4% from 2023 to 2024.
- How does Serbia rank globally on Trade (% of GDP)?
- In 2024, Serbia ranked #42 out of 160 countries reporting Trade (% of GDP).
- How does Serbia's Trade (% of GDP) compare to the world average?
- The global average for Trade (% of GDP) in 2024 was 92.19, so Serbia is above the world average. Within Europe & Central Asia, it ranks #20 of 49.
- What is Trade (% of GDP) and how is it measured?
- Trade is the sum of exports and imports of goods and services. 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.
Source: World Bank Open Data (NE.TRD.GNFS.ZS), CC BY 4.0.