Institutional Sign In

Go

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

Source: World Bank
Last Updated: Oct 1, 2021

Insurance and financial services as a percentage of service imports from the balance of payment reached 8.51 % in 2020 in Georgia, according to the National Central Bank / OECD. This is 23.1 % more than in the previous year.

Historically, insurance and financial services as a percentage of service imports from the balance of payment in Georgia reached an all time high of 13.5 % in 2008 and an all time low of % in. When compared to Georgia's main peers, insurance and financial services as a percentage of service imports from the balance of payment in Armenia amounted to 8.62 %, 3.16 % in Azerbaijan, 5.09 % in Russia and 18.7 % in Turkey in 2020.

Georgia has been ranked 40th 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, 21 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.

$2.99

Buy Insurance and Financial Services (As % of Service Imports, BoP) data for Georgia.

from $199/month

Buy annual subscriptions for all our products.