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

Insurance and financial services as a percentage of service imports from the balance of payment reached 4.24 % in 2017 in Poland, according to the National Central Bank / OECD. This is 19.2 % less than in the previous year.

Historically, insurance and financial services as a percentage of service imports from the balance of payment in Poland reached an all time high of 18.3 % in 1998 and an all time low of 0.697 % in 1992. When compared to Poland's main peers, insurance and financial services as a percentage of service imports from the balance of payment in Czech Republic amounted to 4.60 %, 5.48 % in Germany, 3.88 % in Russia and 3.82 % in Ukraine in 2017.

Poland has been ranked 97th 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, 12 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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