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Insurance and Financial Services (As % of Service Exports, BoP) in Croatia

Source: World Bank
Last Updated: Apr 1, 2021

Insurance and financial services as a percentage of service exports from the balance of payment reached 1.13 % in 2018 in Croatia, according to the National Central Bank / OECD. This is 12.8 % less than in the previous year.

Historically, insurance and financial services as a percentage of service exports from the balance of payment in Croatia reached an all time high of 1.83 % in 2002 and an all time low of 0.424 % in 2004. When compared to Croatia's main peers, insurance and financial services as a percentage of service exports from the balance of payment in Bosnia and Herzegovina amounted to 0.401 %, 0.438 % in Montenegro, 0.759 % in Serbia and 2.18 % in Slovenia in 2018.

Croatia has been ranked 111th within the group of 153 countries we follow in terms of insurance and financial services as a percentage of service exports from the balance of payment, 11 places above the position seen 10 years ago.

Insurance and financial services cover various types of insurance provided to non-residents by resident insurance enterprises and vice versa, and financial intermediary and auxiliary services (except those of insurance enterprises and pension funds) exchanged between residents and non-residents.

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