Serbia: ICT goods exports (% of total goods exports)

Key figures

What the numbers say

In 2024, Serbia's ICT goods exports (% of total goods exports) rose 0.28 percentage points on 2023 (from 1.57% to 1.85%).

Across the 15 yearly changes before that (2009 to 2023), the average change was −0.03 percentage points and a typical year strayed about 0.38 percentage points from that (the standard deviation). This year's change was 0.8 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 0.72 percentage points in 2012 and the biggest yearly fall was 0.77 percentage points in 2010. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2015 to 2024 the straight-line trend is upward, about 0.08 percentage points a year. A straight line explains 67% of the movement over 10 observed years.

Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.

How it compares

In 2024, Serbia had the 49th highest value of the 117 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 2024 ranking

• Cyprus — 46th of 117: 2.17%
• Finland — 47th of 117: 2.06%
• Belgium — 48th of 117: 1.94%
• Croatia — 50th of 117: 1.57%
• Spain — 51st of 117: 1.56%
• Cambodia — 52nd of 117: 1.46%

What this measures

Information and communication technology goods exports include computers and peripheral equipment, communication equipment, consumer electronic equipment, electronic components, and other information and technology goods (miscellaneous).

Limitations: Detailed trade data are widely available from country trade statistics. These are collected by the UNSD and published in their UN COMTRADE database. The ICT goods trade indicators are usually compiled by interested international and national agencies using COMTRADE data. Concepts are therefore consistent with those applying to the COMTRADE database. The main statistical issue associated with this indicator appears to be the different treatment of re-exports and re-imports by countries, depending on whether the Special or General Trade System is used.2 Re-imports are separately reported for some countries and the value of ICT re-imports (which is included in the value of ICT imports for those…

Regional and income-group figures are computed by the World Bank as a weighted average.

All 17 values

ICT goods exports (% of total goods exports) in nearby economies

• Albania — 0.07% (2024)
• Andorra — 20.08% (2023)
• Armenia — 8.28% (2024)
• Austria — 3.02% (2024)
• Azerbaijan — 0.04% (2024)
• Belarus — 1.09% (2021)
• Belgium — 1.94% (2024)
• Bosnia and Herzegovina — 0.33% (2024)
• Bulgaria — 3.75% (2024)
• Croatia — 1.57% (2024)

More infrastructure data for Serbia

• Medium and high-tech exports (% manufactured exports) — 47.74% (2024)
• Research and development expenditure (% of GDP) — 0.94% (2024)
• Scientific and technical journal articles — 5,173 (2023)
• Railways, goods transported (million ton-km) — 2,925 (2021)
• Railways, passengers carried (million passenger-km) — 191 (2021)
• Air transport, registered carrier departures worldwide — 43,287 (2023)
• Air transport, freight (million ton-km) — 19.33 (2023)
• Air transport, passengers carried — 3.87 million (2023)
• Rail lines (total route-km) — 3,348 (2021)
• Patent applications, nonresidents

Reading data like this

• Where to find free public data, and how to check it before you trust it — 2 min read
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Questions people ask

What is Serbia's ICT goods exports (% of total goods exports)?

1.85% in 2024, according to the World Bank (World Development Indicators).

How has it changed since 2008?

It is down 0.19 percentage points from 2.04% in 2008. The highest value was 2.39% in 2009 and the lowest 0.93% in 2019.

How does Serbia rank?

49th highest of 117 economies with data for 2024.

Is the latest change in ICT goods exports (% of total goods exports) unusual for Serbia?

In 2024, Serbia's ICT goods exports (% of total goods exports) rose 0.28 percentage points on 2023 (from 1.57% to 1.85%). Across the 15 yearly changes before that (2009 to 2023), the average change was −0.03 percentage points and a typical year strayed about 0.38 percentage points from that (the standard deviation). This year's change was 0.8 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 TX.VAL.ICTG.ZS.UN, licensed CC BY 4.0. Original source: UNCTADstat database, UN Conference on Trade and Development (UNCTAD), uri: http://unctadstat.unctad.org/ReportFolders/reportFolders.aspx 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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