Which has higher external balance on goods and services, Latvia or Serbia?

Serbia, at -4.3% against -4.6% in Latvia as of 2025.

How many years of comparable data are there for Latvia and Serbia?

31 years are reported by both, from 1995 to 2025.

Where does this data come from?

Country official statistics, National Statistical Organizations and/or Central Banks, published as External balance on goods and services (% of GDP). Statizoid refreshes it automatically from the source and publishes the full history for both places.

Latvia vs Serbia: External balance on goods and services

Latvia

-4.6%

in 2025

Serbia

-4.3%

in 2025

Latvia rank

105th

Serbia rank

103rd

External balance on goods and services 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 193 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, 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 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?: Latvia ranks 105th and Serbia ranks 103rd of 193 countries.
Where does this data come from?: Country official statistics, National Statistical Organizations and/or Central Banks, published as External balance on goods and services (% of GDP). Statizoid refreshes it automatically from the source and publishes the full history for both places.

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Latvia vs Serbia: External balance on goods and services. Statizoid, drawing on Country official statistics, National Statistical Organizations and/or Central Banks. Retrieved 15 September 2026, from https://economy.statizoid.com/compare/external-balance-on-goods-and-services-percent-of-gdp/latvia/serbia/

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About this data

Indicator: External balance on goods and services (% of GDP)
Unit: % of GDP
Source: Country official statistics, National Statistical Organizations and/or Central Banks
Licence: CC BY 4.0 (World Bank Open Data)
Coverage: 237 places, 11,345 data points, 1960–2025
Last refreshed: 03 September 2026

The balance of international trade in goods and services is the difference between the 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.