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

Source: World Bank
Last Updated: January 1, 2021

Insurance and financial services as a percentage of service imports from the balance of payment reached 5.80 % in 2018 in Germany, according to the National Central Bank / OECD. This is 2.87 % less than in the previous year.

Historically, insurance and financial services as a percentage of service imports from the balance of payment in Germany reached an all time high of 6.95 % in 2014 and an all time low of 0.524 % in 1976. When compared to Germany's main peers, insurance and financial services as a percentage of service imports from the balance of payment in Austria amounted to 5.30 %, 6.80 % in Belgium, 6.71 % in France and 4.09 % in Poland in 2018.

Germany has been ranked 79th 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, 1 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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