Foreign Trade (As % of GDP) rose to 114% in Serbia in 2017

Foreign Trade (As % of GDP) (%)
Economy | Serbia | May 17, 2019
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Excel Sheet

Foreign trade as a share of GDP reached 114 % in 2017 in Serbia, according to the National Statistical Office. This is 5.78 % more than in the previous year.

Historically, foreign trade as a share of GDP in Serbia reached an all time high of 114 % in 2017 and an all time low of 23.2 % in 1995. When compared to Serbia's main peers, foreign trade as a share of GDP in Bosnia and Herzegovina amounted to 94.6 %, 99.9 % in Croatia, 169 % in Hungary and 85.0 % in Romania in 2017.

Serbia has been ranked 33rd within the group of 165 countries we follow in terms of foreign trade as a share of GDP, 55 places above the position seen 10 years ago.

Trade is the sum of exports and imports of goods and services measured as a share of gross domestic product.

Foreign Trade (As % of GDP) Unit 2009 2010 2011 2012 2013 2014 2015 2016 2017
Austria % 105% 105% 104% 104% 102%
Bosnia and Herzegovina % 87.8% 87.9% 87.9% 90.7% 88.1%
Bulgaria % 118% 125% 130% 131% 128%
Croatia % 81.1% 82.6% 85.0% 88.6% 93.9%
Czech Republic % 139% 148% 148% 159% 156%
Hungary % 167% 166% 164% 169% 170%
Italy % 55.6% 56.2% 55.5% 55.8% 56.9%
Moldova % 131% 127% 124% 120% 117%
Montenegro % 107% 112% 103% 100% 103%
Poland % 87.1% 89.3% 90.7% 93.7% 96.0%
Romania % 79.9% 79.9% 80.5% 82.8% 82.7%
Serbia % 83.3% 90.5% 93.1% 97.6% 103%
Slovakia % 171% 179% 183% 180% 183%
Slovenia % 139% 142% 143% 144% 145%
Ukraine % 106% 104% 95.1% 101% 108%