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

Source: World Bank
Last Updated: January 1, 2021

Insurance and financial services as a percentage of service exports from the balance of payment reached 1.29 % in 2018 in Denmark, according to the National Central Bank / OECD. This is 2.91 % more than in the previous year.

Historically, insurance and financial services as a percentage of service exports from the balance of payment in Denmark reached an all time high of 3.18 % in 1983 and an all time low of 1.26 % in 2019. When compared to Denmark's main peers, insurance and financial services as a percentage of service exports from the balance of payment in Germany amounted to 10.8 %, 3.65 % in Netherlands, 9.15 % in Norway and 5.82 % in Sweden in 2018.

Denmark has been ranked 104th 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, 14 places behind 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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