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

Insurance and financial services as a percentage of service exports from the balance of payment reached 9.15 % in 2018 in Norway, according to the National Central Bank / OECD. This is 5.72 % more 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 9.15 % in 2018 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 1.29 %, 1.28 % in Finland, 2.76 % in Iceland and 5.82 % in Sweden in 2018.

Norway has been ranked 32nd 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, 6 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.