Serbia's external balance on goods and services (current LCU) was -446.61 billion in 2025, the latest year in the World Bank's World Development Indicators. That is down 47.07% from -303.68 billion in 2015.
Key figures
| Value | Year | |
|---|---|---|
| Latest | -446.61 billion | 2025 |
| Five years earlier | -467.72 billion | 2020 |
| Ten years earlier | -303.68 billion | 2015 |
| Highest | -1.82 billion | 1995 |
| Lowest | -778.61 billion | 2022 |
| Average since 2016 | -455.18 billion | 2016–2025 |
| First recorded | -1.82 billion |
What the numbers say
In 2025, Serbia's external balance on goods and services (current LCU) fell 2.33 billion on 2024 (from -444.28 billion to -446.61 billion).
Across the 29 yearly changes before that (1996 to 2024), the average change was −15.26 billion and a typical year strayed about 127.63 billion from that (the standard deviation). This year's change was 0.1 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
On record, the biggest yearly rise was 395.66 billion in 2023 and the biggest yearly fall was 274.79 billion in 2022. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2016 to 2025 there is no clear straight-line trend: a straight line explains 17% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
How it compares
In 2025, Serbia had the 109th highest value of the 137 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.
Closest to Serbia in the 2025 ranking
- Niger — 106th of 137: -300.05 billion
- Dominican Republic — 107th of 137: -332.89 billion
- Benin — 108th of 137: -430.6 billion
- Haiti — 110th of 137: -535.16 billion
- Armenia — 111th of 137: -623.38 billion
- Kyrgyz Republic — 112th of 137: -766.53 billion
What this measures
The balance of international trade in goods and services is the difference between the exports and imports of goods and services. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.
All 31 values
| Year | External balance on goods and services (current LCU) |
|---|---|
| 2025 | -446,606,991,900 |
| 2024 | -444,276,400,000 |
| 2023 | -382,948,100,000 |
| 2022 | -778,611,500,000 |
| 2021 | -503,821,900,000 |
| 2020 | -467,719,400,000 |
| 2019 | -547,382,700,000 |
| 2018 | -434,847,200,000 |
| 2017 | -320,796,700,000 |
| 2016 | -224,758,400,000 |
External balance on goods and services (current LCU) in nearby economies
- Albania — -145.93 billion (2025)
- Armenia — -623.38 billion (2025)
- Austria — 12.23 billion (2025)
- Azerbaijan — 8.02 billion (2025)
- Belarus — -5.58 billion (2025)
- Belgium — -12.95 billion (2025)
- Bosnia and Herzegovina — -7.42 billion (2025)
- Bulgaria — -1.2 billion (2025)
- Croatia — -4.69 billion (2025)
- Cyprus
More economic policy & debt data for Serbia
- External debt stocks, total (DOD, current US$) — US$51.98 billion (2024)
- Use of IMF credit (DOD, current US$) — US$2.64 billion (2024)
- External debt stocks, long-term (DOD, current US$) — US$48.35 billion (2024)
- External debt stocks, private nonguaranteed (PNG) (DOD, current US$) — US$20.37 billion (2024)
- External debt stocks, public and publicly guaranteed (PPG) (DOD, current US$) — US$27.97 billion (2024)
- External debt stocks, short-term (DOD, current US$) — US$1 billion (2024)
- Short-term debt (% of total external debt) — 1.92% (2024)
- PPG, IBRD (DOD, current US$) — US$2.31 billion (2024)
- IBRD loans and IDA credits (DOD, current US$)
Reading data like this
Questions people ask
- What is Serbia's external balance on goods and services (current LCU)?
- -446.61 billion in 2025, according to the World Bank (World Development Indicators).
- How has it changed since 1995?
- It is down 24,419% from -1.82 billion in 1995. The highest value was -1.82 billion in 1995 and the lowest -778.61 billion in 2022.
- How does Serbia rank?
- 109th highest of 137 economies with data for 2025.
- Is the latest change in external balance on goods and services (current LCU) unusual for Serbia?
- In 2025, Serbia's external balance on goods and services (current LCU) fell 2.33 billion on 2024 (from -444.28 billion to -446.61 billion). Across the 29 yearly changes before that (1996 to 2024), the average change was −15.26 billion and a typical year strayed about 127.63 billion from that (the standard deviation). This year's change was 0.1 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
Source
World Bank, World Development Indicators, indicator NE.RSB.GNFS.CN, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Organizations and/or Central Banks; National Accounts data files, Organisation for Economic Co-operation and Development (OECD); Staff estimates, World Bank (WB) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.
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