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

Source: World Bank
Last Updated: January 1, 2021

Insurance and financial services as a percentage of service exports from the balance of payment reached 1.39 % in 2018 in Greece, according to the National Central Bank / OECD. This is 0.260 % less than in the previous year.

Historically, insurance and financial services as a percentage of service exports from the balance of payment in Greece reached an all time high of 2.16 % in 1999 and an all time low of 0 % in 1998. When compared to Greece's main peers, insurance and financial services as a percentage of service exports from the balance of payment in Albania amounted to 0.439 %, 6.11 % in Bulgaria, 0.260 % in Macedonia and 3.26 % in Turkey in 2018.

Greece has been ranked 102nd 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, 10 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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