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

Insurance and financial services as a percentage of service exports from the balance of payment reached 0.508 % in 2017 in Montenegro, according to the National Central Bank / OECD. This is 41.3 % more than in the previous year.

Historically, insurance and financial services as a percentage of service exports from the balance of payment in Montenegro reached an all time high of 1.31 % in 2009 and an all time low of 0.314 % in 2015. When compared to Montenegro's main peers, insurance and financial services as a percentage of service exports from the balance of payment in Albania amounted to 0.271 %, 0.527 % in Bosnia and Herzegovina, 1.04 % in Croatia and 1.09 % in Serbia in 2017.

Montenegro has been ranked 130th 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, 8 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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