Serbia: Import value index (2015 = 100)

Key figures

What the numbers say

In 2024, Serbia's import value index (2015 = 100) rose 12.8 on 2023 (from 212.9 to 225.7).

Across the 15 yearly changes before that (2009 to 2023), the average change was +4.29 and a typical year strayed about 26.97 from that (the standard deviation). This year's change was 0.3 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 41.9 in 2021 and the biggest yearly fall was 69.3 in 2009. 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 15.83 a year. A straight line explains 93% 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 22nd highest value of the 204 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

• Georgia — 19th of 204: 229.7
• Cayman Islands — 20th of 204: 228.6
• Moldova — 21st of 204: 227.4
• Croatia — 23rd of 204: 223
• Cambodia — 24th of 204: 215.4
• Senegal — 25th of 204: 211.2

What this measures

Import value indexes are the current value of imports (c.i.f.) converted to U.S. dollars and expressed as a percentage of the average for the base period (2015). UNCTAD's import value indexes are reported for most economies.

All 17 values

Import value index (2015 = 100) in nearby economies

• Albania — 235.1 (2024)
• Andorra — 156.8 (2024)
• Armenia — 528.8 (2024)
• Austria — 135.9 (2024)
• Azerbaijan — 242.1 (2024)
• Belarus — 152.6 (2024)
• Belgium — 137 (2024)
• Bosnia and Herzegovina — 176.6 (2024)
• Bulgaria — 184.2 (2024)
• Croatia — 223 (2024)
• Cyprus — 189.7 (2024)
• Czechia

More trade data for Serbia

• Import volume index (2015 = 100) — 185.8 (2024)
• Net barter terms of trade index (2015 = 100) — 102.5 (2024)
• Export volume index (2015 = 100) — 189.2 (2024)
• Export value index (2015 = 100) — 235.5 (2024)
• Tariff rate, applied, simple mean, manufactured products (%) — 2.92% (2021)
• Tariff rate, most favored nation, simple mean, manufactured products (%) — 6.55% (2021)
• Tariff rate, applied, weighted mean, manufactured products (%) — 1.72% (2021)
• Tariff rate, most favored nation, weighted mean, manufactured products (%) — 6.25% (2021)
• Tariff rate, applied, simple mean, all products (%)

Reading data like this

• Where to find free public data, and how to check it before you trust it — 2 min read
• Data analysis examples: 6 worked from one dataset — 3 min read
• Real change or random noise? A plain guide to reading your numbers — 2 min read

Questions people ask

What is Serbia's import value index (2015 = 100)?

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

How has it changed since 2008?

It is up 51.88% from 148.6 in 2008 (2.65% a year on average, compounded). The highest value was 225.7 in 2024 and the lowest 79.3 in 2009.

How does Serbia rank?

22nd highest of 204 economies with data for 2024.

Is the latest change in import value index (2015 = 100) unusual for Serbia?

In 2024, Serbia's import value index (2015 = 100) rose 12.8 on 2023 (from 212.9 to 225.7). Across the 15 yearly changes before that (2009 to 2023), the average change was +4.29 and a typical year strayed about 26.97 from that (the standard deviation). This year's change was 0.3 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

Where does this data come from?

Source

World Bank, World Development Indicators, indicator TM.VAL.MRCH.XD.WD, licensed CC BY 4.0. Original source: UN Conference on Trade and Development (UNCTAD) 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.

Want to ask your own questions of data like this? Try AnalyzeIt: upload a file or ask about public data in plain words, and every figure comes with its working.