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

Insurance and financial services as a percentage of service imports from the balance of payment reached 2.89 % in 2017 in Iceland, according to the National Central Bank / OECD. This is 9.960000000000001 % less than in the previous year.

Historically, insurance and financial services as a percentage of service imports from the balance of payment in Iceland reached an all time high of 100 % in 1995 and an all time low of 2.73 % in 1990. When compared to Iceland's main peers, insurance and financial services as a percentage of service imports from the balance of payment in Denmark amounted to 1.68 %, 3.75 % in Norway, 4.33 % in Sweden and 10.4 % in United Kingdom in 2017.

Iceland has been ranked 123rd 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, 122 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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