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

Source: World Bank
Last Updated: January 1, 2021

Insurance and financial services as a percentage of service exports from the balance of payment reached 5.82 % in 2018 in Sweden, according to the National Central Bank / OECD. This is 5.93 % more than in the previous year.

Historically, insurance and financial services as a percentage of service exports from the balance of payment in Sweden reached an all time high of 12.5 % in 1992 and an all time low of 2.43 % in 1995. When compared to Sweden'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, 9.15 % in Norway and 2.84 % in Russia in 2018.

Sweden has been ranked 43rd 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, 14 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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