External balance on goods and services in Serbia
Serbia: External balance on goods and services was -4.3% 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 % of GDP.
Analysis
The most recent figure for external balance on goods and services in Serbia is -4.3%, measured in 2025.
Compared with earlier readings it is up 5.7% on the previous year and up 36.4% over ten years.
Over the whole period, external balance on goods and services in Serbia peaked at -2.9% in 1995 and was at its lowest, -23.3%, in 2004.
Serbia ranks 103rd of 193 countries on this measure, in the middle of the range.
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 | % of GDP | Change |
|---|---|---|
| 1995 | -2.9% | — |
| 1996 | -6.3% | +119.1% |
| 1997 | -7.1% | +12.8% |
| 1998 | -4.5% | -37.0% |
| 1999 | -4.2% | -5.1% |
| 2000 | -4.6% | +8.9% |
| 2001 | -14.5% | +212.7% |
| 2002 | -15.9% | +10.1% |
| 2003 | -14.2% | -11.0% |
| 2004 | -23.3% | +64.6% |
| 2005 | -16.8% | -28.0% |
| 2006 | -17.6% | +4.8% |
| 2007 | -20.2% | +14.9% |
| 2008 | -21.0% | +3.7% |
| 2009 | -12.8% | -38.9% |
| 2010 | -11.7% | -8.4% |
| 2011 | -12.3% | +4.9% |
| 2012 | -13.2% | +7.5% |
| 2013 | -7.9% | -40.4% |
| 2014 | -7.7% | -1.8% |
| 2015 | -6.8% | -12.6% |
| 2016 | -4.8% | -29.2% |
| 2017 | -6.5% | +35.4% |
| 2018 | -8.2% | +27.0% |
| 2019 | -9.7% | +17.4% |
| 2020 | -8.1% | -16.0% |
| 2021 | -7.7% | -5.6% |
| 2022 | -10.4% | +36.2% |
| 2023 | -4.3% | -58.4% |
| 2024 | -4.6% | +4.9% |
| 2025 | -4.3% | -5.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | -5.0% | -7.1% | -2.9% | 5 |
| 2000s | -16.1% | -23.3% | -4.6% | 10 |
| 2010s | -8.9% | -13.2% | -4.8% | 10 |
| 2020s | -6.6% | -10.4% | -4.3% | 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 -4.3% 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 -2.9% in 1995.
- What is the lowest external balance on goods and services recorded in Serbia?
- The lowest recorded value was -23.3% in 2004.
- How does Serbia rank for external balance on goods and services?
- Serbia ranks 103rd 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 up 36.4%. 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 (% of GDP). 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 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.