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

Source: World Bank
Last Updated: Apr 1, 2021

Insurance and financial services as a percentage of service imports from the balance of payment reached 2.16 % in 2018 in Estonia, according to the National Central Bank / OECD. This is 13.4 % more than in the previous year.

Historically, insurance and financial services as a percentage of service imports from the balance of payment in Estonia reached an all time high of 4.40 % in 1996 and an all time low of 0.245 % in 1992. When compared to Estonia's main peers, insurance and financial services as a percentage of service imports from the balance of payment in Finland amounted to 3.73 %, 5.28 % in Latvia, 3.50 % in Lithuania and 3.00 % in Russia in 2018.

Estonia has been ranked 138th 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, 26 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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