According to Serotonin in the Gastrointestinal Tract _Current Opinion in Endocrinology, Diabetes and Obsesity_ (2009) volume 16, pages 53-59:
> 95% of the serotonin in the body is located in the gut
Furthermore, this does not mean the rest is in the brain. Serotonin is also in platelets. There is a nice explanation in Relationship of Platelet Serotonin to Disturbances of Clotting and Hemostasis _Circulation_ 1957; 15:353-357
> Janewayand coworkers found that platelets were essential to the vasoconstrictor activity of serum. This observation was later confirmed by several other investigators. In 1948, a crystalline vasoconstrictor substance was isolated from serum by Rapport and associates and named "serotonin." This substance, subsequently identified as 5-hydroxytryptamine, is derived biologically from tryptophan. [references omitted]