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

Source: World Bank
Last Updated: January 1, 2021

Insurance and financial services as a percentage of service exports from the balance of payment reached 0.381 % in 2018 in Moldova, according to the National Central Bank / OECD. This is 28.3 % more than in the previous year.

Historically, insurance and financial services as a percentage of service exports from the balance of payment in Moldova reached an all time high of 11.5 % in 1995 and an all time low of 0.297 % in 2019. When compared to Moldova's main peers, insurance and financial services as a percentage of service exports from the balance of payment in Bulgaria amounted to 6.11 %, 1.56 % in Romania, 2.84 % in Russia and 1.05 % in Ukraine in 2018.

Moldova has been ranked 140th 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, 25 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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