Insurance and Financial Services (As % of Service Imports, BoP) fell to 4.71% in Czech Republic in 2016

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

Insurance and financial services as a percentage of service imports from the balance of payment reached 4.71 % in 2016 in Czech Republic, according to the National Central Bank / OECD. This is 13.6 % less than in the previous year.

Historically, insurance and financial services as a percentage of service imports from the balance of payment in Czech Republic reached an all time high of 14.3 % in 2005 and an all time low of 3.86 % in 1994. When compared to Czech Republic's main peers, insurance and financial services as a percentage of service imports from the balance of payment in Austria amounted to 6.45 %, 3.56 % in Hungary, 5.23 % in Poland and 3.18 % in Slovakia in 2016.

Czech Republic has been ranked 45th within the group of 76 countries we follow in terms of insurance and financial services as a percentage of service imports from the balance of payment, 29 places behind the position seen 10 years ago.

Insurance and financial services (% of service imports, BoP) cover various types of insurance provided to residents by non-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.

Insurance and Financial Services (As % of Service Imports, BoP) Unit 2009 2010 2011 2012 2013 2014 2015 2016 2017
Austria % 6.39% 6.05% 5.34% 5.28% 5.47%
Czech Republic % 6.59% 6.08% 6.88% 8.47% 5.45%
Germany % 6.34% 6.03% 6.09% 6.71% 6.46%
Hungary % 3.09% 2.35% 2.48% 2.68% 3.04%
Italy % 9.27% 10.0% 10.3% 10.0% 10.8%
Poland % 7.35% 6.89% 5.50% 5.56% 5.24%
Russia % 4.02% 3.77% 3.73% 3.35% 3.82%
Slovakia % 8.85% 9.08% 4.44% 3.23% 4.96%
Switzerland % 8.39% 6.20% 5.65% 5.34% 5.73%
Ukraine % 7.77% 7.41% 7.21% 7.22% 8.29%