Insurance and financial services in Slovakia
Slovakia: Insurance and financial services was 4.1% in 2025. ▼ Falling
Insurance and financial services in Slovakia, 1994–2025
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of service imports, BoP.
Analysis
In 2025, insurance and financial services in Slovakia stood at 4.1%.
That represents a change of down 2.8% on the previous year and down 16.9% over ten years.
Over the whole period, insurance and financial services in Slovakia peaked at 11.6% in 2008 and was at its lowest, 3.2%, in 2014.
Slovakia ranks 130th of 197 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 28 years of available data.
Insurance and financial services in Slovakia, year by year
| Year | % of service imports, BoP | Change |
|---|---|---|
| 1994 | 4.4% | — |
| 1995 | 4.8% | +7.8% |
| 1996 | 9.0% | +86.9% |
| 1997 | 6.1% | -31.4% |
| 1998 | 3.8% | -38.6% |
| 1999 | 5.2% | +38.3% |
| 2000 | 4.8% | -7.3% |
| 2001 | 3.4% | -28.9% |
| 2002 | 7.6% | +121.5% |
| 2003 | 8.5% | +11.6% |
| 2008 | 11.6% | +36.8% |
| 2009 | 8.2% | -29.5% |
| 2010 | 9.3% | +14.0% |
| 2011 | 8.9% | -5.2% |
| 2012 | 9.1% | +2.6% |
| 2013 | 4.4% | -51.1% |
| 2014 | 3.2% | -27.3% |
| 2015 | 4.9% | +52.6% |
| 2016 | 3.9% | -21.0% |
| 2017 | 4.6% | +19.0% |
| 2018 | 4.4% | -6.1% |
| 2019 | 4.3% | -0.3% |
| 2020 | 5.5% | +25.9% |
| 2021 | 4.9% | -11.1% |
| 2022 | 3.6% | -25.4% |
| 2023 | 4.4% | +21.4% |
| 2024 | 4.2% | -4.2% |
| 2025 | 4.1% | -2.8% |
Slovakia compared with similar countries
- Slovakia's 4.1% is below the median for high income countries, which is 6.2%, 66% of the median. (72 countries reporting)
- Slovakia's 4.1% is below the median for Europe & Central Asia, which is 5.2%, 79% of the median. (51 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 5.6% | 3.8% | 9.0% | 6 |
| 2000s | 7.4% | 3.4% | 11.6% | 6 |
| 2010s | 5.7% | 3.2% | 9.3% | 10 |
| 2020s | 4.4% | 3.6% | 5.5% | 6 |
Countries ranked near Slovakia
More economy & growth data for Slovakia
- Foreign direct investment, net outflows (BoP, current US$), gaps 1.86 billion BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.012 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 342.78 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 2.05 billion BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual -59.01 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0133 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 379.36 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 25.67 % change on previous year (2025)
- Total reserves (includes gold, current US$), per unit of GDP 0.1175 includes gold, current US$ per US$ of GDP (2025)
- Total reserves (includes gold, current US$), per capita 3,355 includes gold, current US$ per person (2025)
Frequently asked questions
- What is insurance and financial services in Slovakia?
- Insurance and financial services in Slovakia was 4.1% 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 Slovakia?
- The highest recorded value was 11.6% in 2008.
- What is the lowest insurance and financial services recorded in Slovakia?
- The lowest recorded value was 3.2% in 2014.
- How does Slovakia rank for insurance and financial services?
- Slovakia ranks 130th out of 197 countries with data for 2025.
- Is insurance and financial services rising or falling in Slovakia?
- Over the last ten years it is down 16.9%. The long-run trend across the full record is falling.
- Where does this Slovakia 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.