External balance on goods and services in San Marino
San Marino: External balance on goods and services was 31.0% in 2023. ▲ Rising
External balance on goods and services in San Marino, 2015–2023
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in % of GDP.
Analysis
San Marino recorded 31.0% for external balance on goods and services in 2023. That is the highest value across all 9 years on record.
Compared with earlier readings it 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 in San Marino peaked at 31.0% in 2023 and was at its lowest, 20.7%, in 2019.
That places San Marino 6th out of 193 countries with data for 2023, putting it in the top 10%.
External balance on goods and services 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% |
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)
- 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), annual growth rate 7.97 % change on previous year (2023)
- Domestic currency per Special drawing rights (End-of-period (EoP)) 1.17 (2025)
- Special drawing rights per domestic currency (End-of-period (EoP)) 0.858 (2025)
- 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)
- Gdp worldbank constant usd, per capita 51,324 units per person (2023)
Frequently asked questions
- What is external balance on goods and services in San Marino?
- External balance on goods and services in San Marino was 31.0% in 2023, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest external balance on goods and services recorded in San Marino?
- The highest recorded value was 31.0% in 2023.
- What is the lowest external balance on goods and services 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?
- San Marino ranks 6th out of 193 countries with data for 2023.
- Is external balance on goods and services 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 Country official statistics, National Statistical Organizations and/or Central Banks, published as part of External balance on goods and services (% of GDP). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 9 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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 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.