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

Source: World Bank
Last Updated: Oct 1, 2021

Insurance and financial services as a percentage of service exports from the balance of payment reached 60.1 % in 2020 in Luxembourg, according to the National Central Bank / OECD. This is 3.27 % more than in the previous year.

Historically, insurance and financial services as a percentage of service exports from the balance of payment in Luxembourg reached an all time high of 72.7 % in 2007 and an all time low of % in. When compared to Luxembourg's main peers, insurance and financial services as a percentage of service exports from the balance of payment in Belgium amounted to 10.4 %, 9.34 % in France, 13.5 % in Germany and 3.39 % in Netherlands in 2020.

Luxembourg has been ranked 1st within the group of 94 countries we follow in terms of insurance and financial services as a percentage of service exports from the balance of payment.

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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