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

Insurance and financial services as a percentage of service imports from the balance of payment reached 9.07 % in 2017 in Spain, according to the National Central Bank / OECD. This is 1.75 % less than in the previous year.

Historically, insurance and financial services as a percentage of service imports from the balance of payment in Spain reached an all time high of 10.2 % in 2014 and an all time low of 4.25 % in 2000. When compared to Spain's main peers, insurance and financial services as a percentage of service imports from the balance of payment in France amounted to 6.95 %, 12.0 % in Italy, 2.71 % in Morocco and 5.74 % in Portugal in 2017.

Spain has been ranked 47th 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, 11 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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