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Serbia Trade (% GDP)

Serbia's trade (% GDP) fell to 111.46% in 2024, down from 114.49% in 2023, according to World Bank. This represents a decrease of 3.03% from the previous year. Serbia has trade (% GDP) higher than the global median (111.46% vs median 84.49%). Compared with the median in Europe, Serbia is higher (111.46% vs regional median 111.00%) and ranks 22nd out of 44 countries in Europe.

Yearly Historical Data (1995-2024)

(in %)
Year Trade (% GDP)
2024 111.46%
2023 114.49%
2022 131.94%
2021 112.34%
2020 100.32%
2019 107.58%
2018 105.56%
2017 102.74%
2016 97.69%
2015 93.53%
2014 88.38%
2013 84.33%
2012 82.08%
2011 75.75%
2010 73.71%
2009 63.5%
2008 75.74%
2007 72.72%
2006 75.53%
2005 71.99%
2004 72.29%
2003 58.29%
2002 54.3%
2001 53.9%
2000 21.11%
1999 24.2%
1998 39.17%
1997 32.68%
1996 27.32%
1995 12.57%
Serbia Trade (% GDP) : Definition
Trade (% GDP) measures the sum of exports and imports for Serbia divided by its total economic output, shown as a percentage.
Indicator Last Value Prior Value Period
Annual Exports $33.04B $30.93B 2024
Annual Imports $42.25B $39.83B 2024
Exports (% GDP) 52.69% 55.08% 2024
FDI Inflows (% GDP) 6.07% 6.9% 2023
Imports (% GDP) 58.77% 59.42% 2024
Net Trade (Goods & Services, BoP) -$3.81B -$7.49B 2023
Tariff Rate 3.08% 2.76% 2021