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

Insurance and financial services as a percentage of service imports from the balance of payment reached 9.70 % in 2016 in Kosovo, according to the National Central Bank / OECD. This is 9.81 % 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 6.74 % in 2005. 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 2.14 %, 3.63 % in Macedonia, 1.25 % in Montenegro and 2.37 % in Serbia in 2016.

Kosovo has been ranked 45th within the group of 160 countries we follow in terms of insurance and financial services as a percentage of service imports from the balance of payment, 23 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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