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

Source: World Bank
Last Updated: Oct 1, 2021

Insurance and financial services as a percentage of service imports from the balance of payment reached 4.01 % in 2018 in Norway, according to the National Central Bank / OECD. This is 4.61 % more than in the previous year.

Historically, insurance and financial services as a percentage of service imports from the balance of payment in Norway reached an all time high of 7.94 % in 2003 and an all time low of % in. When compared to Norway's main peers, insurance and financial services as a percentage of service imports from the balance of payment in Denmark amounted to 1.31 %, 4.38 % in Finland, 2.26 % in Iceland and 4.29 % in Sweden in 2018.

Norway has been ranked 110th 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, 25 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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