Institutional Sign In

Go

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

Source: World Bank
Last Updated: Oct 1, 2021

Insurance and financial services as a percentage of service exports from the balance of payment reached 2.14 % in 2020 in Georgia, according to the National Central Bank / OECD. This is 207 % more than in the previous year.

Historically, insurance and financial services as a percentage of service exports from the balance of payment in Georgia reached an all time high of 4.80 % in 2004 and an all time low of % in. When compared to Georgia's main peers, insurance and financial services as a percentage of service exports from the balance of payment in Armenia amounted to 4.36 %, 1.17 % in Azerbaijan, 3.49 % in Russia and 8.36 % in Turkey in 2020.

Georgia has been ranked 66th within the group of 94 countries we follow in terms of insurance and financial services as a percentage of service exports from the balance of payment, 7 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.

$2.99

Buy Insurance and Financial Services (As % of Service Exports, BoP) data for Georgia.

from $199/month

Buy annual subscriptions for all our products.