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

Insurance and financial services as a percentage of service imports from the balance of payment reached 3.46 % in 2017 in Hungary, according to the National Central Bank / OECD. This is 4.43 % less than in the previous year.

Historically, insurance and financial services as a percentage of service imports from the balance of payment in Hungary reached an all time high of 8.40 % in 1997 and an all time low of 0.510 % in 1992. When compared to Hungary's main peers, insurance and financial services as a percentage of service imports from the balance of payment in Austria amounted to 5.63 %, 4.60 % in Czech Republic, 4.24 % in Poland and 3.68 % in Slovakia in 2017.

Hungary has been ranked 113th within the group of 155 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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