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Insurance and Financial Services (As % of Service Exports, BoP) in Bosnia and Herzegovina

Source: World Bank
Last Updated: Oct 1, 2021

Insurance and financial services as a percentage of service exports from the balance of payment reached 0.871 % in 2020 in Bosnia and Herzegovina, according to the National Central Bank / OECD. This is 117 % more than in the previous year.

Historically, insurance and financial services as a percentage of service exports from the balance of payment in Bosnia and Herzegovina reached an all time high of 3.76 % in 2002 and an all time low of % in. When compared to Bosnia and Herzegovina's main peers, insurance and financial services as a percentage of service exports from the balance of payment in Croatia amounted to 2.14 %, 9.82 % in Italy, 0.747 % in Montenegro and 1.56 % in Serbia in 2020.

Bosnia and Herzegovina has been ranked 80th within the group of 94 countries we follow in terms of insurance and financial services as a percentage of service exports from the balance of payment, 59 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.

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