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

Source: World Bank
Last Updated: Apr 1, 2021

Insurance and financial services as a percentage of service imports from the balance of payment reached 4.41 % in 2018 in Czech Republic, according to the National Central Bank / OECD. This is 7.09 % less than in the previous year.

Historically, insurance and financial services as a percentage of service imports from the balance of payment in Czech Republic reached an all time high of 14.3 % in 2005 and an all time low of 3.86 % in 1994. When compared to Czech Republic's main peers, insurance and financial services as a percentage of service imports from the balance of payment in Austria amounted to 5.30 %, 3.58 % in Hungary, 4.09 % in Poland and 3.54 % in Slovakia in 2018.

Czech Republic has been ranked 97th within the group of 158 countries we follow in terms of insurance and financial services as a percentage of service imports from the balance of payment, 48 places behind 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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