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 commercial service imports.
Analysis
Slovakia recorded 4.1% for insurance and financial services in 2025.
The figure is down 2.7% on the previous year and down 17.0% over ten years.
Over the whole period, insurance and financial services in Slovakia peaked at 11.7% in 2008 and was at its lowest, 3.2%, in 2014.
Slovakia ranks 132nd 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 commercial service imports | Change |
|---|---|---|
| 1994 | 4.6% | — |
| 1995 | 4.9% | +6.5% |
| 1996 | 9.1% | +85.9% |
| 1997 | 6.2% | -31.4% |
| 1998 | 3.8% | -39.5% |
| 1999 | 5.3% | +40.5% |
| 2000 | 4.9% | -7.6% |
| 2001 | 3.5% | -29.1% |
| 2002 | 7.7% | +121.6% |
| 2003 | 8.6% | +11.9% |
| 2008 | 11.7% | +36.2% |
| 2009 | 8.3% | -29.5% |
| 2010 | 9.4% | +13.5% |
| 2011 | 8.9% | -5.3% |
| 2012 | 9.2% | +3.2% |
| 2013 | 4.4% | -51.5% |
| 2014 | 3.2% | -27.4% |
| 2015 | 4.9% | +52.7% |
| 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% | -2.7% |
Slovakia compared with similar countries
- Slovakia's 4.1% is below the median for high income countries, which is 6.4%, 64% 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% | 9.1% | 6 |
| 2000s | 7.5% | 3.5% | 11.7% | 6 |
| 2010s | 5.7% | 3.2% | 9.4% | 10 |
| 2020s | 4.4% | 3.6% | 5.5% | 6 |
Countries ranked near Slovakia
- 129 Austria 4.3% compare
- 130 Lithuania 4.3% compare
- 131 Solomon Islands 4.2% compare
- 133 Mali 4.0% compare
- 134 Venezuela, Bolivarian Republic of 4.0% compare
- 135 Côte d'Ivoire 4.0% compare
More private sector data for Slovakia
- Merchandise trade 160.5% (2025)
- Food imports 7.3% (2024)
- Manufactures imports 80.7% (2024)
- Merchandise imports 122.60 billion current US$ (2025)
- Food exports 4.7% (2024)
- Manufactures exports 88.6% (2024)
- Merchandise exports 125.44 billion current US$ (2025)
- Merchandise exports (current US$), per capita 23,171 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.8118 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate 8.33 % change on previous year (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 11.7% 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 132nd 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 17.0%. 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 commercial service imports). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 28 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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.