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

Source: World Bank
Last Updated: Oct 1, 2021

Insurance and financial services as a percentage of service exports from the balance of payment reached 0.935 % in 2020 in Ukraine, according to the National Central Bank / OECD. This is 11.3 % less than in the previous year.

Historically, insurance and financial services as a percentage of service exports from the balance of payment in Ukraine reached an all time high of 6.59 % in 1994 and an all time low of % in. When compared to Ukraine's main peers, insurance and financial services as a percentage of service exports from the balance of payment in Poland amounted to 2.38 %, 1.66 % in Romania and 3.49 % in Russia in 2020.

Ukraine has been ranked 78th 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, 10 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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