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

Insurance and financial services as a percentage of service imports from the balance of payment reached 11.4 % in 2017 in Ireland, according to the National Central Bank / OECD. This is 44.2 % more than in the previous year.

Historically, insurance and financial services as a percentage of service imports from the balance of payment in Ireland reached an all time high of 17.4 % in 2006 and an all time low of 1.25 % in 1997. When compared to Ireland's main peers, insurance and financial services as a percentage of service imports from the balance of payment in Canada amounted to 12.3 %, 6.95 % in France, 2.89 % in Iceland and 10.4 % in United Kingdom in 2017.

Ireland has been ranked 31st 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, 23 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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