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

Insurance and financial services as a percentage of service exports from the balance of payment reached 1.48 % in 2017 in Lithuania, according to the National Central Bank / OECD. This is 0.641 % more than in the previous year.

Historically, insurance and financial services as a percentage of service exports from the balance of payment in Lithuania reached an all time high of 1.99 % in 2008 and an all time low of 0.314 % in 2003. When compared to Lithuania's main peers, insurance and financial services as a percentage of service exports from the balance of payment in Belarus amounted to 0.596 %, 2.08 % in Estonia, 7.67 % in Latvia and 2.53 % in Russia in 2017.

Lithuania has been ranked 99th 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, 1 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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