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

Source: World Bank
Last Updated: Apr 1, 2021

Insurance and financial services as a percentage of service imports from the balance of payment reached 1.82 % in 2018 in Moldova, according to the National Central Bank / OECD. This is 0.902 % more than in the previous year.

Historically, insurance and financial services as a percentage of service imports from the balance of payment in Moldova reached an all time high of 9.14 % in 1995 and an all time low of 1.39 % in 2002. When compared to Moldova's main peers, insurance and financial services as a percentage of service imports from the balance of payment in Bulgaria amounted to 8.90 %, 2.78 % in Romania, 3.00 % in Russia and 4.12 % in Ukraine in 2018.

Moldova has been ranked 145th within the group of 158 countries we follow in terms of insurance and financial services as a percentage of service imports from the balance of payment, 5 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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