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

Source: World Bank
Last Updated: January 1, 2021

Insurance and financial services as a percentage of service exports from the balance of payment reached 22.9 % in 2018 in Switzerland, according to the National Central Bank / OECD. This is 3.61 % less 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 40.4 % in 2007 and an all time low of 4.42 % in 1981. 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 4.59 %, 7.95 % in France, 10.8 % in Germany and 7.49 % in Italy in 2018.

Switzerland has been ranked 11th 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, 8 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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