Insurance and financial services in Croatia
Croatia: Insurance and financial services was 1.1% in 2024. ▼ Falling
Insurance and financial services in Croatia, 1993–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of commercial service exports.
Analysis
Croatia recorded 1.1% for insurance and financial services in 2024.
That represents a change of down 1.4% on the previous year and up 32.4% over ten years.
Over the whole period, insurance and financial services in Croatia peaked at 1.8% in 2002 and was at its lowest, 0.4%, in 2004.
Croatia ranks 139th of 190 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 32 years of available data.
Insurance and financial services in Croatia, year by year
| Year | % of commercial service exports | Change |
|---|---|---|
| 1993 | 1.4% | — |
| 1994 | 0.9% | -40.7% |
| 1995 | 1.3% | +56.2% |
| 1996 | 1.5% | +9.5% |
| 1997 | 1.3% | -12.8% |
| 1998 | 1.4% | +13.5% |
| 1999 | 1.7% | +16.8% |
| 2000 | 1.1% | -37.3% |
| 2001 | 1.2% | +11.9% |
| 2002 | 1.8% | +54.5% |
| 2003 | 0.9% | -52.4% |
| 2004 | 0.4% | -51.3% |
| 2005 | 0.5% | +24.7% |
| 2006 | 0.7% | +32.1% |
| 2007 | 0.8% | +9.4% |
| 2008 | 0.7% | -4.2% |
| 2009 | 0.7% | -1.0% |
| 2010 | 0.7% | -7.8% |
| 2011 | 0.7% | +5.5% |
| 2012 | 0.7% | -1.4% |
| 2013 | 0.7% | +5.0% |
| 2014 | 0.9% | +18.1% |
| 2015 | 0.9% | +2.4% |
| 2016 | 0.9% | -0.8% |
| 2017 | 1.1% | +23.4% |
| 2018 | 1.1% | +3.7% |
| 2019 | 1.2% | +4.1% |
| 2020 | 1.4% | +20.5% |
| 2021 | 1.2% | -16.8% |
| 2022 | 1.2% | +3.0% |
| 2023 | 1.2% | -3.8% |
| 2024 | 1.1% | -1.4% |
Croatia compared with similar countries
- Croatia's 1.1% is below the median for high income countries, which is 5.3%, 22% of the median. (69 countries reporting)
- Croatia's 1.1% is below the median for Europe & Central Asia, which is 3.6%, 32% of the median. (51 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 1.4% | 0.9% | 1.7% | 7 |
| 2000s | 0.9% | 0.4% | 1.8% | 10 |
| 2010s | 0.9% | 0.7% | 1.2% | 10 |
| 2020s | 1.2% | 1.1% | 1.4% | 5 |
Countries ranked near Croatia
- 136 Colombia 1.2% compare
- 137 Gabon 1.2% compare
- 138 Sri Lanka 1.1% compare
- 140 Syrian Arab Republic 1.1% compare
- 141 Montenegro 1.1% compare
- 142 Philippines 1.1% compare
More private sector data for Croatia
- Merchandise trade 75.2% (2025)
- Food imports 14.3% (2024)
- Manufactures imports 65.8% (2024)
- Merchandise imports 50.61 billion current US$ (2025)
- Food exports 15.2% (2024)
- Manufactures exports 63.1% (2024)
- Merchandise exports 28.39 billion current US$ (2025)
- Merchandise exports (current US$), per capita 7,323 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.2702 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate 9.11 % change on previous year (2025)
Frequently asked questions
- What is insurance and financial services in Croatia?
- Insurance and financial services in Croatia was 1.1% 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 1.8% in 2002.
- What is the lowest insurance and financial services recorded in Croatia?
- The lowest recorded value was 0.4% in 2004.
- How does Croatia rank for insurance and financial services?
- Croatia ranks 139th out of 190 countries with data for 2024.
- Is insurance and financial services rising or falling in Croatia?
- Over the last ten years it is up 32.4%. The long-run trend across the full record is falling.
- 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 commercial service exports). Statizoid updates them automatically from the source API.
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About this data
Financial services covers services related to financial intermediation, financial risk management, liquidity transformation or auxiliary financial activities. It also includes insurance and pension scheme services which are services related to providing life insurance and annuities, non-life insurance, reinsurance, pensions, standardised guarantees and auxiliary services to insurance, pension schemes, and standardised guarantee schemes. This indicator is expressed as a percentage of service exports which are commercial services provided by residents to non-residents.