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

Source: World Bank
Last Updated: January 1, 2021

Insurance and financial services as a percentage of service imports from the balance of payment reached 8.77 % in 2018 in Croatia, according to the National Central Bank / OECD. This is 10.5 % less than in the previous year.

Historically, insurance and financial services as a percentage of service imports from the balance of payment in Croatia reached an all time high of 11.8 % in 2016 and an all time low of 3.23 % in 1995. When compared to Croatia's main peers, insurance and financial services as a percentage of service imports from the balance of payment in Bosnia and Herzegovina amounted to 9.63 %, 1.47 % in Montenegro, 2.52 % in Serbia and 4.17 % in Slovenia in 2018.

Croatia has been ranked 49th within the group of 158 countries we follow in terms of insurance and financial services as a percentage of service imports from the balance of payment, 22 places above the position seen 10 years ago.

Insurance and financial services (% of service imports, BoP) cover various types of insurance provided to residents by non-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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