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Insurance and Financial Services (As % of Service Imports, BoP) in Cyprus

Source: World Bank
Last Updated: July 1, 2023

Insurance and financial services as a percentage of service imports from the balance of payment reached 28.1% in 2021 in Cyprus, according to the National Central Bank / OECD. This is 10.4% less than in the previous year.

Historically, insurance and financial services as a percentage of service imports from the balance of payment in Cyprus reached an all time high of 31.4% in 2020 and an all time low of 0.283% in 1984.

Cyprus has been ranked 3rd within the group of 139 countries we follow in terms of insurance and financial services as a percentage of service imports from the balance of payment.

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