Insurance and financial services in Serbia
Serbia: Insurance and financial services was 0.6% 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 commercial service exports.
Analysis
In 2025, insurance and financial services in Serbia stood at 0.6%. That is the lowest value across all 19 years on record.
Compared with earlier readings it is down 4.5% on the previous year and down 64.8% over ten years.
Over the whole period, insurance and financial services in Serbia peaked at 1.8% in 2007 and was at its lowest, 0.6%, in 2025.
Serbia ranks 156th of 190 countries on this measure, 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 commercial service exports | Change |
|---|---|---|
| 2007 | 1.8% | — |
| 2008 | 1.7% | -6.7% |
| 2009 | 1.4% | -16.0% |
| 2010 | 1.7% | +25.1% |
| 2011 | 1.7% | -2.3% |
| 2012 | 1.6% | -4.9% |
| 2013 | 1.4% | -14.1% |
| 2014 | 1.5% | +10.4% |
| 2015 | 1.8% | +15.2% |
| 2016 | 1.0% | -43.4% |
| 2017 | 1.1% | +8.7% |
| 2018 | 0.8% | -30.2% |
| 2019 | 1.1% | +38.4% |
| 2020 | 1.8% | +66.6% |
| 2021 | 1.0% | -44.2% |
| 2022 | 1.1% | +9.4% |
| 2023 | 0.9% | -19.5% |
| 2024 | 0.7% | -24.2% |
| 2025 | 0.6% | -4.5% |
Serbia compared with similar countries
- Serbia's 0.6% is below the median for upper middle income countries, which is 1.9%, 33% of the median. (53 countries reporting)
- Serbia's 0.6% is below the median for Europe & Central Asia, which is 3.6%, 17% of the median. (51 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 1.6% | 1.4% | 1.8% | 3 |
| 2010s | 1.4% | 0.8% | 1.8% | 10 |
| 2020s | 1.0% | 0.6% | 1.8% | 6 |
Countries ranked near Serbia
- 153 New Caledonia 0.7% compare
- 154 Lao People's Democratic Republic 0.7% compare
- 155 Botswana 0.7% compare
- 157 Kosovo 0.6% compare
- 157 Kosovo (UNSCR 1244) 0.6% compare
- 159 Paraguay 0.5% compare
More private sector data for Serbia
- Merchandise trade 84.6% (2025)
- Food imports 5.8% (2007)
- Manufactures imports 69.5% (2007)
- Merchandise imports 47.23 billion current US$ (2025)
- Food exports 18.6% (2007)
- Manufactures exports 65.9% (2007)
- Merchandise exports 37.31 billion current US$ (2025)
- Merchandise exports (current US$), per capita 5,698 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.3733 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate 18.13 % change on previous year (2025)
Frequently asked questions
- What is insurance and financial services in Serbia?
- Insurance and financial services in Serbia was 0.6% 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 1.8% in 2007.
- What is the lowest insurance and financial services recorded in Serbia?
- The lowest recorded value was 0.6% in 2025.
- How does Serbia rank for insurance and financial services?
- Serbia ranks 156th out of 190 countries with data for 2025.
- Is insurance and financial services rising or falling in Serbia?
- Over the last ten years it is down 64.8%. 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 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.