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

Source: World Bank
Last Updated: January 1, 2021

Insurance and financial services as a percentage of service exports from the balance of payment reached 13.2 % in 2018 in Ireland, according to the National Central Bank / OECD. This is 9.50 % more than in the previous year.

Historically, insurance and financial services as a percentage of service exports from the balance of payment in Ireland reached an all time high of 29.8 % in 2003 and an all time low of 0 % in 1990. When compared to Ireland's main peers, insurance and financial services as a percentage of service exports from the balance of payment in Canada amounted to 11.0 %, 7.95 % in France, 2.76 % in Iceland and 27.0 % in United Kingdom in 2018.

Ireland has been ranked 21st 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, 15 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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