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

Source: World Bank
Last Updated: Apr 1, 2021

Insurance and financial services as a percentage of service exports from the balance of payment reached 0.759 % in 2018 in Serbia, according to the National Central Bank / OECD. This is 50.4 % less than in the previous year.

Historically, insurance and financial services as a percentage of service exports from the balance of payment in Serbia reached an all time high of 1.77 % in 2015 and an all time low of 0.759 % in 2018. When compared to Serbia'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 %, 1.13 % in Croatia, 1.74 % in Hungary and 1.56 % in Romania in 2018.

Serbia has been ranked 124th 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, 25 places behind 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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