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

Source: World Bank
Last Updated: Oct 1, 2021

Insurance and financial services as a percentage of service exports from the balance of payment reached 25.6 % in 2020 in Switzerland, according to the National Central Bank / OECD. This is 20.0 % more than in the previous year.

Historically, insurance and financial services as a percentage of service exports from the balance of payment in Switzerland reached an all time high of 39.7 % in 1999 and an all time low of % in. When compared to Switzerland's main peers, insurance and financial services as a percentage of service exports from the balance of payment in Austria amounted to 4.75 %, 9.34 % in France, 13.5 % in Germany and 9.82 % in Italy in 2020.

Switzerland has been ranked 5th within the group of 94 countries we follow in terms of insurance and financial services as a percentage of service exports from the balance of payment.

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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