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

Insurance and financial services as a percentage of service exports from the balance of payment reached 2.08 % in 2017 in Estonia, according to the National Central Bank / OECD. This is 10.6 % less than in the previous year.

Historically, insurance and financial services as a percentage of service exports from the balance of payment in Estonia reached an all time high of 3.21 % in 2007 and an all time low of 0.066 % in 1992. When compared to Estonia's main peers, insurance and financial services as a percentage of service exports from the balance of payment in Finland amounted to 1.43 %, 7.67 % in Latvia, 1.48 % in Lithuania and 2.53 % in Russia in 2017.

Estonia has been ranked 84th 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, 22 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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