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

Insurance and financial services as a percentage of service imports from the balance of payment reached 5.74 % in 2017 in Portugal, according to the National Central Bank / OECD. This is 10.1 % less than in the previous year.

Historically, insurance and financial services as a percentage of service imports from the balance of payment in Portugal reached an all time high of 9.70 % in 2010 and an all time low of 2.83 % in 1975. When compared to Portugal's main peers, insurance and financial services as a percentage of service imports from the balance of payment in France amounted to 6.95 %, 11.4 % in Ireland, 2.71 % in Morocco and 9.07 % in Spain in 2017.

Portugal has been ranked 80th 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, 40 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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