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

Insurance and financial services as a percentage of service exports from the balance of payment reached 15.8 % in 2017 in Ireland, according to the National Central Bank / OECD. This is 0.964 % 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 10.3 %, 7.21 % in France, 2.84 % in Iceland and 28.0 % in United Kingdom in 2017.

Ireland has been ranked 16th 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, 10 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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