Insurance and financial services in Serbia
Serbia: Insurance and financial services was 1.7% 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 imports.
Analysis
The most recent figure for insurance and financial services in Serbia is 1.7%, 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 54.9% over ten years.
Over the whole period, insurance and financial services in Serbia peaked at 4.8% in 2009 and was at its lowest, 1.7%, in 2025.
That places Serbia 182nd 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 commercial service imports | Change |
|---|---|---|
| 2007 | 2.8% | — |
| 2008 | 3.3% | +18.4% |
| 2009 | 4.8% | +44.9% |
| 2010 | 3.1% | -35.3% |
| 2011 | 3.7% | +21.1% |
| 2012 | 3.2% | -13.1% |
| 2013 | 3.1% | -4.2% |
| 2014 | 3.7% | +17.6% |
| 2015 | 3.7% | +0.3% |
| 2016 | 2.4% | -34.7% |
| 2017 | 2.6% | +9.5% |
| 2018 | 2.5% | -3.0% |
| 2019 | 3.2% | +27.3% |
| 2020 | 4.4% | +36.0% |
| 2021 | 4.1% | -7.7% |
| 2022 | 2.8% | -31.1% |
| 2023 | 1.8% | -37.4% |
| 2024 | 2.4% | +38.3% |
| 2025 | 1.7% | -31.9% |
Serbia compared with similar countries
- Serbia's 1.7% is below the median for upper middle income countries, which is 6.3%, 26% of the median. (55 countries reporting)
- Serbia's 1.7% 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% | 2.8% | 4.8% | 3 |
| 2010s | 3.1% | 2.4% | 3.7% | 10 |
| 2020s | 2.9% | 1.7% | 4.4% | 6 |
Countries ranked near Serbia
- 179 Republic of Moldova 1.9% compare
- 180 Namibia 1.9% compare
- 181 Myanmar 1.7% compare
- 183 Denmark 1.6% compare
- 184 Montenegro 1.6% compare
- 185 Russian Federation 1.6% 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 1.7% 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 4.8% in 2009.
- What is the lowest insurance and financial services recorded in Serbia?
- The lowest recorded value was 1.7% in 2025.
- How does Serbia rank for insurance and financial services?
- Serbia ranks 182nd 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 54.9%. 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 imports). 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 imports which are commercial services provided by non-residents to residents.