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

Insurance and financial services as a percentage of service exports from the balance of payment reached 1.37 % in 2017 in Bulgaria, according to the National Central Bank / OECD. This is 67.09999999999999 % less than in the previous year.

Historically, insurance and financial services as a percentage of service exports from the balance of payment in Bulgaria reached an all time high of 6.76 % in 1997 and an all time low of 1.11 % in 2005. When compared to Bulgaria's main peers, insurance and financial services as a percentage of service exports from the balance of payment in Greece amounted to 1.73 %, 1.53 % in Romania, 1.09 % in Serbia and 4.35 % in Turkey in 2017.

Bulgaria has been ranked 102nd within the group of 149 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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