Insurance and financial services in Croatia
Croatia: Insurance and financial services was 5.2% in 2024. ▲ Rising
Insurance and financial services in Croatia, 1993–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of service imports, BoP.
Analysis
The most recent figure for insurance and financial services in Croatia is 5.2%, measured in 2024.
Compared with earlier readings it is up 35.7% on the previous year and down 44.1% over ten years.
Over the whole period, insurance and financial services in Croatia peaked at 11.7% in 2016 and was at its lowest, 3.2%, in 1995.
Croatia ranks 114th of 197 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 32 years of available data.
Insurance and financial services in Croatia, year by year
| Year | % of service imports, BoP | Change |
|---|---|---|
| 1993 | 3.5% | — |
| 1994 | 3.6% | +2.2% |
| 1995 | 3.2% | -10.8% |
| 1996 | 4.1% | +26.6% |
| 1997 | 3.8% | -6.4% |
| 1998 | 5.7% | +48.3% |
| 1999 | 4.2% | -25.3% |
| 2000 | 6.7% | +59.4% |
| 2001 | 6.7% | -0.9% |
| 2002 | 7.7% | +14.8% |
| 2003 | 8.0% | +4.7% |
| 2004 | 5.6% | -30.7% |
| 2005 | 6.6% | +18.1% |
| 2006 | 8.3% | +26.4% |
| 2007 | 6.9% | -17.0% |
| 2008 | 6.4% | -7.9% |
| 2009 | 8.6% | +36.0% |
| 2010 | 8.4% | -2.6% |
| 2011 | 9.0% | +6.6% |
| 2012 | 8.3% | -7.9% |
| 2013 | 8.4% | +1.6% |
| 2014 | 9.4% | +11.4% |
| 2015 | 9.6% | +2.4% |
| 2016 | 11.7% | +22.1% |
| 2017 | 9.5% | -19.1% |
| 2018 | 8.8% | -6.5% |
| 2019 | 9.5% | +7.6% |
| 2020 | 8.5% | -11.1% |
| 2021 | 7.8% | -7.6% |
| 2022 | 5.8% | -26.3% |
| 2023 | 3.9% | -33.1% |
| 2024 | 5.2% | +35.7% |
Croatia compared with similar countries
- Croatia's 5.2% is below the median for high income countries, which is 6.2%, 84% of the median. (72 countries reporting)
- Croatia's 5.2% is above the median for Europe & Central Asia, which is 5.2%, 1.0× the median. (51 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 4.0% | 3.2% | 5.7% | 7 |
| 2000s | 7.2% | 5.6% | 8.6% | 10 |
| 2010s | 9.3% | 8.3% | 11.7% | 10 |
| 2020s | 6.2% | 3.9% | 8.5% | 5 |
Countries ranked near Croatia
- 111 Mongolia 5.4% compare
- 112 Portugal 5.4% compare
- 113 Palestine, State of 5.3% compare
- 115 French Polynesia 5.2% compare
- 116 Poland 5.2% compare
- 117 Bosnia and Herzegovina 4.8% compare
More economy & growth data for Croatia
- Foreign direct investment, net outflows (BoP, current US$), gaps 2.79 billion BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.03 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita 722.47 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 4.54 billion BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual 35.72 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0488 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 1,173 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate 26.41 % change on previous year (2025)
- Total reserves (includes gold, current US$), per unit of GDP 0.0401 includes gold, current US$ per US$ of GDP (2025)
- Total reserves (includes gold, current US$), per capita 1,088 includes gold, current US$ per person (2025)
Frequently asked questions
- What is insurance and financial services in Croatia?
- Insurance and financial services in Croatia was 5.2% in 2024, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest insurance and financial services recorded in Croatia?
- The highest recorded value was 11.7% in 2016.
- What is the lowest insurance and financial services recorded in Croatia?
- The lowest recorded value was 3.2% in 1995.
- How does Croatia rank for insurance and financial services?
- Croatia ranks 114th out of 197 countries with data for 2024.
- Is insurance and financial services rising or falling in Croatia?
- Over the last ten years it is down 44.1%. The long-run trend across the full record is rising.
- Where does this Croatia data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Insurance and financial services (% of service imports, BoP). Statizoid updates them automatically from the source API.
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About this data
Insurance and financial services cover various types of insurance provided to nonresidents 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 nonresidents. This indicator is expressed as a percentage of service imports which are services provided by non-residents to residents.