Serbia: Trade (% of GDP)

Key figures

What the numbers say

In 2025, Serbia's trade (% of GDP) rose 1.2 percentage points on 2024 (from 111.73% to 112.92%).

Across the 29 yearly changes before that (1996 to 2024), the average change was +3.42 percentage points and a typical year strayed about 9.99 percentage points from that (the standard deviation). This year's change was 0.2 standard deviations below 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 32.79 percentage points in 2001 and the biggest yearly fall was 17.42 percentage points in 2023. 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 the straight-line trend is upward, about 2 percentage points a year. A straight line explains 39% 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 2025, Serbia had the 35th 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

• Brunei Darussalam — 32nd of 137: 123.61%
• Kosovo — 33rd of 137: 118.19%
• Marshall Islands — 34th of 137: 115.91%
• Belarus — 36th of 137: 112.11%
• Namibia — 37th of 137: 108.58%
• Austria — 38th of 137: 107.02%

What this measures

Trade is the sum of exports and imports of goods and services. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.

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

All 31 values

Trade (% of GDP) in nearby economies

• Albania — 79.53% (2025)
• Armenia — 101.71% (2025)
• Austria — 107.02% (2025)
• Azerbaijan — 79.83% (2025)
• Belarus — 112.11% (2025)
• Belgium — 152.92% (2025)
• Bosnia and Herzegovina — 95.12% (2025)
• Bulgaria — 102.51% (2025)
• Croatia — 100.99% (2025)
• Cyprus — 189.5% (2025)
• Czechia — 128.04% (2025)
• Denmark — 129.22% (2025)
• Estonia

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

• 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 trade (% of GDP)?

112.92% in 2025, according to the World Bank (World Development Indicators).

How has it changed since 1995?

It is up 100.35 percentage points from 12.57% in 1995. The highest value was 131.91% in 2022 and the lowest 12.57% in 1995.

How does Serbia rank?

35th highest of 137 economies with data for 2025.

Is the latest change in trade (% of GDP) unusual for Serbia?

In 2025, Serbia's trade (% of GDP) rose 1.2 percentage points on 2024 (from 111.73% to 112.92%). Across the 29 yearly changes before that (1996 to 2024), the average change was +3.42 percentage points and a typical year strayed about 9.99 percentage points from that (the standard deviation). This year's change was 0.2 standard deviations below 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.TRD.GNFS.ZS, 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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