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.