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Insurance and Financial Services (As % of Service Imports, BoP) in Belgium

Source: World Bank
Last Updated: Oct 1, 2021

Insurance and financial services as a percentage of service imports from the balance of payment reached 8.33 % in 2020 in Belgium, according to the National Central Bank / OECD. This is 22.5 % more than in the previous year.

Historically, insurance and financial services as a percentage of service imports from the balance of payment in Belgium reached an all time high of 8.85 % in 2011 and an all time low of % in. When compared to Belgium's main peers, insurance and financial services as a percentage of service imports from the balance of payment in France amounted to 8.67 %, 8.52 % in Germany, 51.9 % in Luxembourg and 6.50 % in Netherlands in 2020.

Belgium has been ranked 41st within the group of 96 countries we follow in terms of insurance and financial services as a percentage of service imports from the balance of payment, 16 places above the position seen 10 years ago.

Insurance and financial services (% of service imports, BoP) cover various types of insurance provided to residents by non-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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