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

Source: World Bank
Last Updated: Apr 1, 2021

Insurance and financial services as a percentage of service exports from the balance of payment reached 2.04 % in 2018 in Poland, according to the National Central Bank / OECD. This is 0.881 % more than in the previous year.

Historically, insurance and financial services as a percentage of service exports from the balance of payment in Poland reached an all time high of 13.9 % in 1998 and an all time low of 1.65 % in 2006. When compared to Poland's main peers, insurance and financial services as a percentage of service exports from the balance of payment in Czech Republic amounted to 2.85 %, 10.8 % in Germany, 2.84 % in Russia and 1.05 % in Ukraine in 2018.

Poland has been ranked 84th 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, 1 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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