External balance on goods and services as a percent of GDP in San Marino
San Marino: External balance on goods and services as a percent of GDP was 31.0% in 2023. ▲ Rising
External balance on goods and services as a percent of GDP in San Marino, 2015–2023
Source: National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – processed by Our World in Data. Measured in % of GDP.
Analysis
San Marino recorded 31.0% for external balance on goods and services as a percent of gdp in 2023. That is the highest value across all 9 years on record.
The figure is up 27.1% on the previous year and up 12.6% over ten years.
Over the whole period, external balance on goods and services as a percent of gdp in San Marino peaked at 31.0% in 2023 and was at its lowest, 20.7%, in 2019.
San Marino ranks 6th of 191 countries on this measure, in the top 10%.
External balance on goods and services as a percent of GDP in San Marino, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2015 | 27.5% | — |
| 2016 | 26.0% | -5.6% |
| 2017 | 23.7% | -8.8% |
| 2018 | 23.7% | +0.0% |
| 2019 | 20.7% | -12.6% |
| 2020 | 24.1% | +16.0% |
| 2021 | 26.2% | +8.7% |
| 2022 | 24.4% | -6.8% |
| 2023 | 31.0% | +27.1% |
San Marino compared with similar countries
- San Marino's 31.0% is above the median for high income countries, which is 2.2%, 13.8× the median. (72 countries reporting)
- San Marino's 31.0% is above the median for Europe & Central Asia, which is 0.8%, 40.0× the median. (51 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 24.3% | 20.7% | 27.5% | 5 |
| 2020s | 26.4% | 24.1% | 31.0% | 4 |
Countries ranked near San Marino
More economy & growth data for San Marino
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.38 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 1.3 Percent per annum (2029)
- Gdp worldbank constant usd, per capita 51,324 units per person (2023)
- Taxes less subsidies on products (current LCU), annual growth rate 7.97 % change on previous year (2023)
- Manufacturing value added to gdp, per unit of GDP 0 units per US$ of GDP (2023)
- Taxes less subsidies on products (current LCU), per unit of GDP 0.0677 current LCU per US$ of GDP (2023)
- Taxes less subsidies on products (current LCU), per capita 4,055 current LCU per person (2023)
- Gdp worldbank constant usd, per unit of GDP 0.8572 units per US$ of GDP (2023)
- Gdp worldbank constant usd, annual growth rate 0.4015 % change on previous year (2023)
- Special drawing rights per domestic currency (End-of-period (EoP)) 0.858 (2025)
Frequently asked questions
- What is external balance on goods and services as a percent of gdp in San Marino?
- External balance on goods and services as a percent of gdp in San Marino was 31.0% in 2023, according to National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – processed by Our World in Data.
- What is the highest external balance on goods and services as a percent of gdp recorded in San Marino?
- The highest recorded value was 31.0% in 2023.
- What is the lowest external balance on goods and services as a percent of gdp recorded in San Marino?
- The lowest recorded value was 20.7% in 2019.
- How does San Marino rank for external balance on goods and services as a percent of gdp?
- San Marino ranks 6th out of 191 countries with data for 2023.
- Is external balance on goods and services as a percent of gdp rising or falling in San Marino?
- Over the last ten years it is up 12.6%. The long-run trend across the full record is rising.
- Where does this San Marino data come from?
- The figures 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 part of External balance on goods and services as a percent of GDP. Statizoid updates them automatically from the source API.
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About this data
Exports of goods and services minus imports of goods and services divided by gross domestic product, expressed as a percentage.