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

Source: World Bank
Last Updated: January 1, 2021

Insurance and financial services as a percentage of service imports from the balance of payment reached 4.09 % in 2018 in Poland, according to the National Central Bank / OECD. This is 3.28 % more 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 4.41 %, 5.80 % in Germany, 3.00 % in Russia and 4.12 % in Ukraine in 2018.

Poland has been ranked 104th 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, 12 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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