Serbia: Tariff rate, most favored nation, simple mean, all products (%)

Key figures

What the numbers say

On record, the biggest yearly rise was 0.01 percentage points in 2017 and the biggest yearly fall was 5.01 percentage points in 2002. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

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

How it compares

In 2021, Serbia had the 12th highest value of the 21 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 2021 ranking

• Antigua and Barbuda — 9th of 21: 9.91%
• French Polynesia — 10th of 21: 9.16%
• Tajikistan — 11th of 21: 8.03%
• Uzbekistan — 13th of 21: 7.34%
• Russian Federation — 14th of 21: 6.86%
• Belarus — 15th of 21: 6.85%

What this measures

Simple mean most favored nation tariff rate is the unweighted average of most favored nation rates for all products subject to tariffs calculated for all traded goods. Data are classified using the Harmonized System of trade at the six- or eight-digit level. Tariff line data were matched to Standard International Trade Classification (SITC) revision 3 codes to define commodity groups.

All 14 values

Tariff rate, most favored nation, simple mean, all products (%) in nearby economies

• Albania — 3.63% (2022)
• Armenia — 6.81% (2021)
• Austria — 5.24% (2022)
• Azerbaijan — 8.13% (2022)
• Belarus — 6.85% (2021)
• Belgium — 5.24% (2022)
• Bosnia and Herzegovina — 6.3% (2022)
• Bulgaria — 5.24% (2022)
• Croatia — 5.24% (2022)

More trade data for Serbia

• Import volume index (2015 = 100) — 185.8 (2024)
• Import value index (2015 = 100) — 225.7 (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)

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 tariff rate, most favored nation, simple mean, all products (%)?

7.45% in 2021, according to the World Bank (World Development Indicators).

How has it changed since 2001?

It is down 6.96 percentage points from 14.41% in 2001. The highest value was 14.41% in 2001 and the lowest 7.34% in 2009.

How does Serbia rank?

12th highest of 21 economies with data for 2021.

Where does this data come from?

The World Bank's World Development Indicators, licensed CC BY 4.0. Original source: Staff estimates; World Integrated Trade Solution system (WITS), World Bank (WB); Trade Analysis and Information System (TRAINS), UN Conference on Trade and Development (UNCTAD); Integrated Data Base (IDB), World Trade Organization (WTO); Consolidated Tariff Schedules (CTS), World Trade Organization….

Source

World Bank, World Development Indicators, indicator TM.TAX.MRCH.SM.FN.ZS, licensed CC BY 4.0. Original source: Staff estimates; World Integrated Trade Solution system (WITS), World Bank (WB); Trade Analysis and Information System (TRAINS), UN Conference on Trade and Development (UNCTAD); Integrated Data Base (IDB), World Trade Organization (WTO); Consolidated Tariff Schedules (CTS), World Trade Organization… 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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