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

Insurance and financial services as a percentage of service exports from the balance of payment reached 1.43 % in 2017 in Finland, according to the National Central Bank / OECD. This is 20.3 % less than in the previous year.

Historically, insurance and financial services as a percentage of service exports from the balance of payment in Finland reached an all time high of 3.92 % in 1979 and an all time low of -2.24 % in 1985. When compared to Finland's main peers, insurance and financial services as a percentage of service exports from the balance of payment in Australia amounted to 5.65 %, 2.85 % in Indonesia, 4.41 % in New Zealand and 4.54 % in Papua New Guinea in 2017.

Finland has been ranked 101st 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, 46 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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