Latvia vs Serbia: External balance on goods and services as a percent of GDP
Latvia
-4.6%
in 2025
Serbia
-4.3%
in 2025
Latvia rank
105th
Serbia rank
103rd
External balance on goods and services as a percent of GDP over time
- Latvia
- Serbia
How they compare
Serbia currently reports -4.3% against -4.6% in Latvia, a difference of 0.3%.
The two have swapped places 4 times across 31 shared years of data; in 1995 it was Serbia ahead.
Latvia ranks 105th and Serbia ranks 103rd of 191 countries.
Across the 4 decades both report, Latvia averaged higher in 3 and Serbia in 1.
Head to head by decade
| Decade | Latvia | Serbia | Difference | Ahead |
|---|---|---|---|---|
| 1990s | -9.2% | -5.0% | 4.2% | Serbia |
| 2000s | -13.0% | -16.1% | 3.0% | Latvia |
| 2010s | -2.3% | -8.9% | 6.6% | Latvia |
| 2020s | -2.7% | -6.6% | 3.8% | Latvia |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher external balance on goods and services as a percent of gdp, Latvia or Serbia?
- Serbia, at -4.3% against -4.6% in Latvia as of 2025.
- What is the difference in external balance on goods and services as a percent of gdp between Latvia and Serbia?
- 0.3%, with Serbia ahead.
- How many years of comparable data are there for Latvia and Serbia?
- 31 years are reported by both, from 1995 to 2025.
- How do Latvia and Serbia rank globally for external balance on goods and services as a percent of gdp?
- Latvia ranks 105th and Serbia ranks 103rd of 191 countries.
- Where does this data come from?
- National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – processed by Our World in Data, published as External balance on goods and services as a percent of GDP. Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Exports of goods and services minus imports of goods and services divided by gross domestic product, expressed as a percentage.