Trade in services in San Marino
San Marino: Trade in services was 105.5% in 2023. ▲ Rising
Trade in services in San Marino, 2017–2023
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
The most recent figure for trade in services in San Marino is 105.5%, measured in 2023.
That represents a change of down 2.6% on the previous year and up 22.4% over ten years.
That places San Marino 9th out of 200 countries with data for 2023, putting it in the top 10%.
Trade in services in San Marino, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2017 | 86.2% | — |
| 2018 | 90.8% | +5.3% |
| 2019 | 87.2% | -4.0% |
| 2020 | 83.2% | -4.6% |
| 2021 | 91.3% | +9.8% |
| 2022 | 108.4% | +18.7% |
| 2023 | 105.5% | -2.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 88.1% | 86.2% | 90.8% | 3 |
| 2020s | 97.1% | 83.2% | 108.4% | 4 |
Countries ranked near San Marino
- 6 Seychelles 121.8% compare
- 7 Aruba 111.3% compare
- 8 Andorra 109.2% compare
- 10 Maldives 98.0% compare
- 11 Macau, China 96.8% compare
- 12 Sint Maarten (Dutch part) 95.1% compare
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 trade in services in San Marino?
- Trade in services in San Marino was 105.5% in 2023, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest trade in services recorded in San Marino?
- The highest recorded value was 108.4% in 2022.
- What is the lowest trade in services recorded in San Marino?
- The lowest recorded value was 83.2% in 2020.
- How does San Marino rank for trade in services?
- San Marino ranks 9th out of 200 countries with data for 2023.
- Is trade in services rising or falling in San Marino?
- Over the last ten years it is up 22.4%. The long-run trend across the full record is rising.
- Where does this San Marino data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Trade in services (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Total trade in services includes services provided by residents to non-residents plus services provided by non-residents to residents. 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.