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

Source: World Bank
Last Updated: Oct 1, 2021

Insurance and financial services as a percentage of service imports from the balance of payment reached 9.78 % in 2020 in Kosovo, according to the National Central Bank / OECD. This is 18.0 % more than in the previous year.

Historically, insurance and financial services as a percentage of service imports from the balance of payment in Kosovo reached an all time high of 9.80 % in 2013 and an all time low of % in. When compared to Kosovo's main peers, insurance and financial services as a percentage of service imports from the balance of payment in Albania amounted to 3.09 %, 2.73 % in Macedonia, 1.51 % in Montenegro and 4.36 % in Serbia in 2020.

Kosovo has been ranked 29th within the group of 96 countries we follow in terms of insurance and financial services as a percentage of service imports from the balance of payment, 41 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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