Insurance and financial services as a percentage of service exports from the balance of payment reached 7.65 % in 2017 in Norway, according to the National Central Bank / OECD. This is 8.43 % less than in the previous year.
Historically, insurance and financial services as a percentage of service exports from the balance of payment in Norway reached an all time high of 8.36 % in 2016 and an all time low of 0.371 % in 1975. When compared to Norway's main peers, insurance and financial services as a percentage of service exports from the balance of payment in Denmark amounted to 1.77 %, 1.43 % in Finland, 2.84 % in Iceland and 6.40 % in Sweden in 2017.
Norway has been ranked 33rd 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, 11 places above 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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