Insurance and financial services in Croatia
Croatia: Insurance and financial services was 5.3% 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 commercial service imports.
Analysis
In 2024, insurance and financial services in Croatia stood at 5.3%.
That represents a change of up 35.6% on the previous year and down 44.3% over ten years.
Over the whole period, insurance and financial services in Croatia peaked at 11.8% in 2016 and was at its lowest, 3.3%, 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 commercial service imports | Change |
|---|---|---|
| 1993 | 3.5% | — |
| 1994 | 3.6% | +2.0% |
| 1995 | 3.3% | -8.5% |
| 1996 | 4.2% | +26.8% |
| 1997 | 3.9% | -7.2% |
| 1998 | 5.8% | +48.5% |
| 1999 | 4.3% | -25.2% |
| 2000 | 6.9% | +59.3% |
| 2001 | 6.8% | -1.4% |
| 2002 | 7.8% | +14.8% |
| 2003 | 8.1% | +4.2% |
| 2004 | 5.6% | -30.6% |
| 2005 | 6.7% | +18.4% |
| 2006 | 8.4% | +26.4% |
| 2007 | 7.0% | -16.9% |
| 2008 | 6.5% | -8.1% |
| 2009 | 8.8% | +36.0% |
| 2010 | 8.6% | -2.5% |
| 2011 | 9.1% | +5.8% |
| 2012 | 8.4% | -7.6% |
| 2013 | 8.5% | +1.5% |
| 2014 | 9.5% | +11.3% |
| 2015 | 9.7% | +2.3% |
| 2016 | 11.8% | +22.1% |
| 2017 | 9.5% | -19.2% |
| 2018 | 8.9% | -6.6% |
| 2019 | 9.6% | +7.6% |
| 2020 | 8.6% | -10.8% |
| 2021 | 7.9% | -7.8% |
| 2022 | 5.8% | -26.4% |
| 2023 | 3.9% | -33.2% |
| 2024 | 5.3% | +35.6% |
Croatia compared with similar countries
- Croatia's 5.3% is below the median for high income countries, which is 6.4%, 83% of the median. (72 countries reporting)
- Croatia's 5.3% 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 | 4.1% | 3.3% | 5.8% | 7 |
| 2000s | 7.3% | 5.6% | 8.8% | 10 |
| 2010s | 9.3% | 8.4% | 11.8% | 10 |
| 2020s | 6.3% | 3.9% | 8.6% | 5 |
Countries ranked near Croatia
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 5.3% 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 11.8% in 2016.
- What is the lowest insurance and financial services recorded in Croatia?
- The lowest recorded value was 3.3% 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 44.3%. 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 commercial service imports). Statizoid updates them automatically from the source API.
Download this data
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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 imports which are commercial services provided by non-residents to residents.