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

Source: World Bank
Last Updated: January 1, 2021

Insurance and financial services as a percentage of service exports from the balance of payment reached 1.93 % in 2018 in Kosovo, according to the National Central Bank / OECD. This is 6.43 % less than in the previous year.

Historically, insurance and financial services as a percentage of service exports from the balance of payment in Kosovo reached an all time high of 3.95 % in 2006 and an all time low of 1.50 % in 2017. When compared to Kosovo's main peers, insurance and financial services as a percentage of service exports from the balance of payment in Albania amounted to 0.439 %, 0.260 % in Macedonia, 0.438 % in Montenegro and 0.759 % in Serbia in 2018.

Kosovo has been ranked 88th 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, 33 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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