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

Insurance and financial services as a percentage of service imports from the balance of payment reached 12.0 % in 2017 in Italy, according to the National Central Bank / OECD. This is 2.41 % more than in the previous year.

Historically, insurance and financial services as a percentage of service imports from the balance of payment in Italy reached an all time high of 17.3 % in 1985 and an all time low of 6.92 % in 2000. When compared to Italy's main peers, insurance and financial services as a percentage of service imports from the balance of payment in Austria amounted to 5.63 %, 6.95 % in France, 5.13 % in Slovenia and 5.53 % in Switzerland in 2017.

Italy has been ranked 29th 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, 9 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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