Insurance and Financial Services (As % of Service Exports, BoP) rose 31.2% to 3.16% in Greece in 2021

Insurance and Financial Services (As % of Service Exports, BoP) (%), 2021
Insurance | Greece | February 1, 2023
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Insurance and financial services as a percentage of service exports from the balance of payment rose 31.2% to 3.16% in Greece in 2021, according to the National Central Bank / OECD.

Historically, insurance and financial services as a percentage of service exports from the balance of payment in Greece reached an all time high of 3.16% in 2021 and an all time low of 0% in 1998. When compared to Greece's main peers, insurance and financial services as a percentage of service exports from the balance of payment in Albania amounted to 0.377%, 7.01% in Bulgaria, 0.207% in Macedonia and 5.45% in Turkey in 2021.

Greece has been ranked 73rd within the group of 134 countries we follow in terms of insurance and financial services as a percentage of service exports from the balance of payment, 19 places above the position seen 10 years ago.

Insurance and Financial Services (As % of Service Exports, BoP) Unit 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
Albania % 0.253% 0.363% 0.271% 0.439% 0.500%
Bulgaria % 9.12% 8.83% 6.55% 6.74% 6.89%
Greece % 1.40% 1.46% 1.73% 1.39% 1.40%
Iran % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...
Iraq % ... ... ... ... 1.16% 0.833% 0.782% 0.716% 0.886%
Kosovo % ... ... ... 1.96% 1.73% 1.50% 1.93% 2.07%
Macedonia % 0.171% 0.188% 0.237% 0.258% 0.306%
Montenegro % ... ... ... ... ... ... 0.314% 0.359% 0.501% 0.438% 0.740%
Romania % 1.83% 1.71% 1.47% 1.56% 1.55%
Serbia % ... ... ... ... ... ... 1.77% 1.00% 1.09% 0.759% 1.05%
Turkey % 2.87% 2.86% 3.40% 3.09% 2.62%