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

Source: World Bank
Last Updated: Apr 1, 2021

Insurance and financial services as a percentage of service imports from the balance of payment reached 7.95 % in 2018 in Greece, according to the National Central Bank / OECD. This is 8.66 % more than in the previous year.

Historically, insurance and financial services as a percentage of service imports from the balance of payment in Greece reached an all time high of 13.1 % in 2012 and an all time low of 0 % in 1998. When compared to Greece's main peers, insurance and financial services as a percentage of service imports from the balance of payment in Albania amounted to 2.62 %, 8.90 % in Bulgaria, 2.64 % in Macedonia and 10.6 % in Turkey in 2018.

Greece has been ranked 57th 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, 11 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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