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

Insurance and financial services as a percentage of service exports from the balance of payment reached 0.391 % in 2017 in Moldova, according to the National Central Bank / OECD. This is 28.3 % less 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 0.391 % in 2017. 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 1.37 %, 1.53 % in Romania, 2.53 % in Russia and 0.607 % in Ukraine in 2017.

Moldova has been ranked 136th 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, 20 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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