Serbia: ICT goods imports (% total goods imports)

Key figures

What the numbers say

In 2024, Serbia's ICT goods imports (% total goods imports) fell 0.04 percentage points on 2023 (from 3.57% to 3.53%).

Across the 15 yearly changes before that (2009 to 2023), the average change was −0.07 percentage points and a typical year strayed about 0.35 percentage points 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 0.8 percentage points in 2015 and the biggest yearly fall was 0.54 percentage points in 2014. 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 there is no clear straight-line trend: a straight line explains 1% 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 2024, Serbia had the 76th highest value of the 120 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

• Croatia — 73rd of 120: 3.89%
• Cyprus — 74th of 120: 3.74%
• Kyrgyz Republic — 75th of 120: 3.73%
• Sri Lanka — 77th of 120: 3.48%
• Malawi — 78th of 120: 3.38%
• Luxembourg — 79th of 120: 3.3%

What this measures

Information and communication technology goods imports 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 imports (% total goods imports) in nearby economies

• Albania — 2.12% (2024)
• Andorra — 6.45% (2023)
• Armenia — 8.41% (2024)
• Austria — 4.89% (2024)
• Azerbaijan — 5.44% (2024)
• Belarus — 3.56% (2021)
• Belgium — 4.01% (2024)
• Bosnia and Herzegovina — 2.63% (2024)
• Bulgaria — 5.18% (2024)
• Croatia — 3.89% (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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• Real change or random noise? A plain guide to reading your numbers — 2 min read

Questions people ask

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

3.53% in 2024, according to the World Bank (World Development Indicators).

How has it changed since 2008?

It is down 1.14 percentage points from 4.67% in 2008. The highest value was 4.67% in 2008 and the lowest 3.13% in 2014.

How does Serbia rank?

76th highest of 120 economies with data for 2024.

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

In 2024, Serbia's ICT goods imports (% total goods imports) fell 0.04 percentage points on 2023 (from 3.57% to 3.53%). Across the 15 yearly changes before that (2009 to 2023), the average change was −0.07 percentage points and a typical year strayed about 0.35 percentage points 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 TM.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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