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

Source: World Bank
Last Updated: May 1, 2021

Insurance and financial services as a percentage of service exports from the balance of payment reached 0.074 % in 2018 in Israel, according to the National Central Bank / OECD. This is 7.06 % more than in the previous year.

Historically, insurance and financial services as a percentage of service exports from the balance of payment in Israel reached an all time high of 16.3 % in 1970 and an all time low of -1.70 % in 1984. When compared to Israel's main peers, insurance and financial services as a percentage of service exports from the balance of payment in Egypt amounted to 1.47 %, 1.98 % in Jordan and 12.6 % in Lebanon in 2018.

Israel has been ranked 152nd 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, 6 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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