Insurance and financial services in Serbia
Serbia: Insurance and financial services was 1.6% in 2025. ▼ Falling
Insurance and financial services in Serbia, 2007–2025
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 Serbia is 1.6%, measured in 2025. That is the lowest value across all 19 years on record.
Compared with earlier readings it is down 31.9% on the previous year and down 54.7% over ten years.
Over the whole period, insurance and financial services in Serbia peaked at 4.7% in 2009 and was at its lowest, 1.6%, in 2025.
That places Serbia 181st out of 197 countries with data for 2025, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 19 years of available data.
Insurance and financial services in Serbia, year by year
| Year | % of service imports, BoP | Change |
|---|---|---|
| 2007 | 2.7% | — |
| 2008 | 3.2% | +18.9% |
| 2009 | 4.7% | +44.8% |
| 2010 | 3.0% | -35.3% |
| 2011 | 3.7% | +20.9% |
| 2012 | 3.2% | -13.1% |
| 2013 | 3.1% | -4.1% |
| 2014 | 3.6% | +17.8% |
| 2015 | 3.6% | +0.5% |
| 2016 | 2.4% | -34.6% |
| 2017 | 2.6% | +9.6% |
| 2018 | 2.5% | -2.9% |
| 2019 | 3.2% | +27.5% |
| 2020 | 4.4% | +35.6% |
| 2021 | 4.0% | -7.8% |
| 2022 | 2.8% | -30.8% |
| 2023 | 1.7% | -37.2% |
| 2024 | 2.4% | +38.2% |
| 2025 | 1.6% | -31.9% |
Serbia compared with similar countries
- Serbia's 1.6% is below the median for upper middle income countries, which is 6.2%, 27% of the median. (55 countries reporting)
- Serbia's 1.6% is below the median for Europe & Central Asia, which is 5.2%, 32% of the median. (51 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 3.6% | 2.7% | 4.7% | 3 |
| 2010s | 3.1% | 2.4% | 3.7% | 10 |
| 2020s | 2.8% | 1.6% | 4.4% | 6 |
Countries ranked near Serbia
- 178 Sint Maarten (Dutch part) 2.0% compare
- 179 Republic of Moldova 1.9% compare
- 180 Namibia 1.9% compare
- 182 Myanmar 1.6% compare
- 183 Denmark 1.6% compare
- 184 Montenegro 1.6% compare
More economy & growth data for Serbia
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 4.7 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 4 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps 1.33 billion BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0133 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 203.25 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 3.94 billion BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual -29.57 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0394 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 600.86 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 12.03 % change on previous year (2025)
Frequently asked questions
- What is insurance and financial services in Serbia?
- Insurance and financial services in Serbia was 1.6% in 2025, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest insurance and financial services recorded in Serbia?
- The highest recorded value was 4.7% in 2009.
- What is the lowest insurance and financial services recorded in Serbia?
- The lowest recorded value was 1.6% in 2025.
- How does Serbia rank for insurance and financial services?
- Serbia ranks 181st out of 197 countries with data for 2025.
- Is insurance and financial services rising or falling in Serbia?
- Over the last ten years it is down 54.7%. The long-run trend across the full record is falling.
- Where does this Serbia 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.