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

Source: World Bank
Last Updated: Oct 1, 2021

Insurance and financial services as a percentage of service imports from the balance of payment reached 4.36 % in 2020 in Serbia, according to the National Central Bank / OECD. This is 72.9 % more than in the previous year.

Historically, insurance and financial services as a percentage of service imports from the balance of payment in Serbia reached an all time high of 4.70 % in 2009 and an all time low of % in. When compared to Serbia's main peers, insurance and financial services as a percentage of service imports from the balance of payment in Bosnia and Herzegovina amounted to 12.1 %, 9.30 % in Croatia, 3.90 % in Hungary and 2.71 % in Romania in 2020.

Serbia has been ranked 69th within the group of 96 countries we follow in terms of insurance and financial services as a percentage of service imports from the balance of payment, 68 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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