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

Insurance and financial services as a percentage of service imports from the balance of payment reached 11.9 % in 2016 in Croatia, according to the National Central Bank / OECD. This is 23 % more 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 12.5 % in 2011 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 14.8 %, 1.25 % in Montenegro, 2.37 % in Serbia and 5.95 % in Slovenia in 2016.

Croatia has been ranked 31st within the group of 160 countries we follow in terms of insurance and financial services as a percentage of service imports from the balance of payment, 30 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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