Serbia's insurance and financial services (% of service exports, BoP) was 0.62% in 2025, the latest year in the World Bank's World Development Indicators. That is down 1.14 percentage points from 1.77% in 2015.
Key figures
| Value | Year | |
|---|---|---|
| Latest | 0.62% | 2025 |
| Five years earlier | 1.75% | 2020 |
| Ten years earlier | 1.77% | 2015 |
| Highest | 1.77% | 2015 |
| Lowest | 0.62% | 2025 |
| Average since 2016 | 0.98% | 2016–2025 |
| First recorded | 1.76% | 2007 |
What the numbers say
In 2025, Serbia's insurance and financial services (% of service exports, BoP) fell 0.03 percentage points on 2024 (from 0.65% to 0.62%).
Across the 17 yearly changes before that (2008 to 2024), the average change was −0.07 percentage points and a typical year strayed about 0.37 percentage points from that (the standard deviation). This year's change was 0.1 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
On record, the biggest yearly rise was 0.7 percentage points in 2020 and the biggest yearly fall was 0.77 percentage points in 2021. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2016 to 2025 there is no clear straight-line trend: a straight line explains 15% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
How it compares
In 2025, Serbia had the 110th highest value of the 130 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.
| Value | Year | |
|---|---|---|
| Serbia | 0.62% | 2025 |
| World | 11.46% | 2025 |
| Europe & Central Asia | 12.49% | 2025 |
| Upper middle income | 2.86% | 2025 |
Closest to Serbia in the 2025 ranking
- Sri Lanka — 106th of 130: 0.96%
- Morocco — 107th of 130: 0.75%
- Honduras — 108th of 130: 0.73%
- Madagascar — 110th of 130: 0.59%
- Kosovo — 111th of 130: 0.57%
- São Tomé and Principe — 112th of 130: 0.54%
What this measures
Insurance and financial services cover various types of insurance provided to nonresidents by resident insurance enterprises and vice versa, and financial intermediary and auxiliary services (except those of insurance enterprises and pension funds) exchanged between residents and nonresidents. This indicator is expressed as a percentage of service exports which are services provided by residents to non-residents.
Regional and income-group figures are computed by the World Bank as a weighted average.
All 19 values
| Year | Insurance and financial services (% of service exports, BoP) |
|---|---|
| 2025 | 0.6243 |
| 2024 | 0.654 |
| 2023 | 0.8626 |
| 2022 | 1.07 |
| 2021 | 0.9789 |
| 2020 | 1.75 |
| 2019 | 1.05 |
| 2018 | 0.7594 |
| 2017 | 1.09 |
| 2016 | 1 |
| 2015 |
Insurance and financial services (% of service exports, BoP) in nearby economies
- Albania — 0.35% (2025)
- Armenia — 11.42% (2025)
- Austria — 4.03% (2025)
- Azerbaijan — 2.96% (2025)
- Belarus — 0.97% (2021)
- Belgium — 8.7% (2025)
- Bosnia and Herzegovina — 0.23% (2025)
- Bulgaria — 6.29% (2025)
- Croatia — 1.21% (2025)
More economic policy & debt data for Serbia
- External debt stocks, total (DOD, current US$) — US$51.98 billion (2024)
- Use of IMF credit (DOD, current US$) — US$2.64 billion (2024)
- External debt stocks, long-term (DOD, current US$) — US$48.35 billion (2024)
- External debt stocks, private nonguaranteed (PNG) (DOD, current US$) — US$20.37 billion (2024)
- External debt stocks, public and publicly guaranteed (PPG) (DOD, current US$) — US$27.97 billion (2024)
- External debt stocks, short-term (DOD, current US$) — US$1 billion (2024)
- Short-term debt (% of total external debt) — 1.92% (2024)
- PPG, IBRD (DOD, current US$) — US$2.31 billion (2024)
- IBRD loans and IDA credits (DOD, current US$)
Reading data like this
Questions people ask
- What is Serbia's insurance and financial services (% of service exports, BoP)?
- 0.62% in 2025, according to the World Bank (World Development Indicators).
- How has it changed since 2007?
- It is down 1.14 percentage points from 1.76% in 2007. The highest value was 1.77% in 2015 and the lowest 0.62% in 2025.
- How does Serbia rank?
- 110th highest of 130 economies with data for 2025.
- Is the latest change in insurance and financial services (% of service exports, BoP) unusual for Serbia?
- In 2025, Serbia's insurance and financial services (% of service exports, BoP) fell 0.03 percentage points on 2024 (from 0.65% to 0.62%). Across the 17 yearly changes before that (2008 to 2024), the average change was −0.07 percentage points and a typical year strayed about 0.37 percentage points from that (the standard deviation). This year's change was 0.1 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
Source
World Bank, World Development Indicators, indicator BX.GSR.INSF.ZS, licensed CC BY 4.0. Original source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.
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