External balance on goods and services in Serbia
Serbia: External balance on goods and services was -4.30 billion current US$ in 2025. ◆ Volatile
External balance on goods and services in Serbia, 1995–2025
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current US$.
Analysis
In 2025, external balance on goods and services in Serbia stood at -4.30 billion current US$.
The figure is down 4.6% on the previous year and down 53.9% over ten years.
Over the whole period, external balance on goods and services in Serbia peaked at -338.71 million current US$ in 2000 and was at its lowest, -11.37 billion current US$, in 2008.
Serbia ranks 152nd of 193 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
External balance on goods and services in Serbia, year by year
| Year | current US$ | Change |
|---|---|---|
| 1995 | -514.55 million current US$ | — |
| 1996 | -1.46 billion current US$ | +184.6% |
| 1997 | -1.93 billion current US$ | +31.6% |
| 1998 | -939.55 million current US$ | -51.3% |
| 1999 | -886.68 million current US$ | -5.6% |
| 2000 | -338.71 million current US$ | -61.8% |
| 2001 | -1.97 billion current US$ | +480.5% |
| 2002 | -2.86 billion current US$ | +45.2% |
| 2003 | -3.34 billion current US$ | +17.1% |
| 2004 | -6.26 billion current US$ | +87.2% |
| 2005 | -4.76 billion current US$ | -24.1% |
| 2006 | -5.86 billion current US$ | +23.2% |
| 2007 | -9.08 billion current US$ | +54.9% |
| 2008 | -11.37 billion current US$ | +25.3% |
| 2009 | -6.02 billion current US$ | -47.1% |
| 2010 | -5.11 billion current US$ | -15.1% |
| 2011 | -6.31 billion current US$ | +23.4% |
| 2012 | -5.97 billion current US$ | -5.4% |
| 2013 | -3.97 billion current US$ | -33.4% |
| 2014 | -3.80 billion current US$ | -4.4% |
| 2015 | -2.79 billion current US$ | -26.5% |
| 2016 | -2.02 billion current US$ | -27.6% |
| 2017 | -2.98 billion current US$ | +47.4% |
| 2018 | -4.34 billion current US$ | +45.8% |
| 2019 | -5.20 billion current US$ | +19.8% |
| 2020 | -4.53 billion current US$ | -12.8% |
| 2021 | -5.07 billion current US$ | +11.8% |
| 2022 | -6.97 billion current US$ | +37.6% |
| 2023 | -3.53 billion current US$ | -49.3% |
| 2024 | -4.11 billion current US$ | +16.2% |
| 2025 | -4.30 billion current US$ | +4.6% |
Serbia compared with similar countries
- Serbia's -4.30 billion current US$ is below the median for upper middle income countries, which is -347.73 million current US$, 12.4× the median. (53 countries reporting)
- Serbia's -4.30 billion current US$ is below the median for Europe & Central Asia, which is -50.32 million current US$, 85.4× the median. (52 countries reporting)
Biggest year-on-year movements
Years where External balance on goods and services in Serbia changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2001 | -480.5% | -338.71 million current US$ | -1.97 billion current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | -1.15 billion current US$ | -1.93 billion current US$ | -514.55 million current US$ | 5 |
| 2000s | -5.18 billion current US$ | -11.37 billion current US$ | -338.71 million current US$ | 10 |
| 2010s | -4.25 billion current US$ | -6.31 billion current US$ | -2.02 billion current US$ | 10 |
| 2020s | -4.75 billion current US$ | -6.97 billion current US$ | -3.53 billion current US$ | 6 |
Countries ranked near Serbia
More economy & growth data for Serbia
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 4.7 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 4 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps 1.33 billion BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0133 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 203.25 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 3.94 billion BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual -29.57 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0394 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 600.86 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 12.03 % change on previous year (2025)
Frequently asked questions
- What is external balance on goods and services in Serbia?
- External balance on goods and services in Serbia was -4.30 billion current US$ in 2025, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest external balance on goods and services recorded in Serbia?
- The highest recorded value was -338.71 million current US$ in 2000.
- What is the lowest external balance on goods and services recorded in Serbia?
- The lowest recorded value was -11.37 billion current US$ in 2008.
- How does Serbia rank for external balance on goods and services?
- Serbia ranks 152nd out of 193 countries with data for 2025.
- Is external balance on goods and services rising or falling in Serbia?
- Over the last ten years it is down 53.9%. The long-run trend across the full record is volatile.
- Where does this Serbia data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of External balance on goods and services (current US$). Statizoid updates them automatically from the source API.
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About this data
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 in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.