Association of Financial Institutions

The total gross value added (GVA) generated by Financial sector was around 4.4 billion EUR in 2024, which is the 6.2% of total GVA of the country and 5.3% of Serbia’s GDP. Observed by activities, around 3.9 billion EUR created by financial service activities, except insurance and pension funding (89.6%) and 409.6 million EUR by insurance, reinsurance and pension funding, except compulsory social security (9.3%). From 2020 to 2024, GVA share of financial sector in total GVA and GDP of the Republic of Serbia shows increasing trend.

Export of financial services in 2025 amounted to 95.3 million EUR which is the 0.6% of total export and export of these services are lower in compared with the 2024, by 33.6%. This sector is hiring 42.0 thousand of workers (1.8% of total employment) while the most are employed in financial service activities, except insurance and pension funding (25.2 thousand). In financial sector in 2025 was operating 1.2 thousand of active companies and 1.8 thousand of entrepreneurs which is in total around 3.0 thousand. 

ANNUAL BULLETINS
Association of Financial Institutions, 2024
Association of Financial Institutions, 2023