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

Source: World Bank
Last Updated: Apr 1, 2021

Insurance and financial services as a percentage of service exports from the balance of payment reached 0.401 % in 2018 in Bosnia and Herzegovina, according to the National Central Bank / OECD. This is 16.6 % less 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 0.218 % in 2007. 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 1.13 %, 7.49 % in Italy, 0.438 % in Montenegro and 0.759 % in Serbia in 2018.

Bosnia and Herzegovina has been ranked 139th within the group of 153 countries we follow in terms of insurance and financial services as a percentage of service exports from the balance of payment, 5 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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