Insurance and Financial Services (As % of Service Exports, BoP) fell to 2.69% in Czech Republic in 2016

Insurance and Financial Services (As % of Service Exports, BoP) (%)
Insurance | Czech Republic | July 14, 2018
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Excel Sheet

Insurance and financial services as a percentage of service exports from the balance of payment reached 2.69 % in 2016 in Czech Republic, according to the National Central Bank / OECD. This is 7 % less than in the previous year.

Historically, insurance and financial services as a percentage of service exports from the balance of payment in Czech Republic reached an all time high of 8.06 % in 1993 and an all time low of 0.854 % in 1995. When compared to Czech Republic's main peers, insurance and financial services as a percentage of service exports from the balance of payment in Austria amounted to 5.22 %, 1.22 % in Hungary, 2.52 % in Poland and 2.32 % in Slovakia in 2016.

Czech Republic has been ranked 41st within the group of 75 countries we follow in terms of insurance and financial services as a percentage of service exports from the balance of payment, 10 places above the position seen 10 years ago.

Insurance and financial services cover various types of insurance provided to non-residents 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 non-residents.