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

Insurance and financial services as a percentage of service imports from the balance of payment reached 12.4 % in 2017 in Bosnia and Herzegovina, according to the National Central Bank / OECD. This is 16.2 % less than in the previous year.

Historically, insurance and financial services as a percentage of service imports from the balance of payment in Bosnia and Herzegovina reached an all time high of 14.8 % in 2016 and an all time low of 1.90 % in 2009. When compared to Bosnia and Herzegovina's main peers, insurance and financial services as a percentage of service imports from the balance of payment in Croatia amounted to 9.64 %, 12.0 % in Italy, 1.19 % in Montenegro and 2.60 % in Serbia in 2017.

Bosnia and Herzegovina has been ranked 26th within the group of 155 countries we follow in terms of insurance and financial services as a percentage of service imports from the balance of payment, 78 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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