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

Insurance and financial services as a percentage of service imports from the balance of payment reached 55.2 % in 2017 in Luxembourg, according to the National Central Bank / OECD. This is 1.39 % more than in the previous year.

Historically, insurance and financial services as a percentage of service imports from the balance of payment in Luxembourg reached an all time high of 66.7 % in 2006 and an all time low of 45.9 % in 1995. When compared to Luxembourg's main peers, insurance and financial services as a percentage of service imports from the balance of payment in Belgium amounted to 6.55 %, 6.95 % in France, 5.48 % in Germany and 5.99 % in Netherlands in 2017.

Luxembourg has been ranked 1st 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, 1 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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