Insurance and financial services as a percentage of service exports from the balance of payment fell 0.385% to 10.0% in Norway in 2021, according to the National Central Bank / OECD.
Historically, insurance and financial services as a percentage of service exports from the balance of payment in Norway reached an all time high of 11.0% in 2018 and an all time low of 0.371% in 1975. When compared to Norway's main peers, insurance and financial services as a percentage of service exports from the balance of payment in Denmark amounted to 1.79%, 1.62% in Finland, 3.80% in Iceland and 6.77% in Sweden in 2021.
Norway has been ranked 30th within the group of 134 countries we follow in terms of insurance and financial services as a percentage of service exports from the balance of payment, 8 places above the position seen 10 years ago.
| Insurance and Financial Services (As % of Service Exports, BoP) | Unit | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 |
| Australia | % | 6.31% | 5.32% | 5.65% | 5.81% | 5.86% | ||||||||||||||||
| Denmark | % | ... | ... | ... | ... | 1.50% | 1.63% | 1.40% | 1.20% | 1.37% | ||||||||||||
| Finland | % | 1.92% | 1.99% | 1.46% | 1.56% | 1.31% | ||||||||||||||||
| Germany | % | 12.3% | 12.3% | 11.1% | 10.8% | 11.1% | ||||||||||||||||
| Iceland | % | 3.37% | 2.55% | 2.85% | 2.74% | 2.26% | ||||||||||||||||
| Indonesia | % | ... | 1.36% | 1.78% | 2.85% | 2.63% | 1.98% | |||||||||||||||
| Netherlands | % | 3.90% | 3.86% | 3.79% | 3.65% | 3.69% | ||||||||||||||||
| New Zealand | % | 3.13% | 4.05% | 0.807% | 3.48% | 0.229% | ||||||||||||||||
| Norway | % | 6.94% | 8.36% | 8.59% | 11.0% | 8.08% | ||||||||||||||||
| Papua New Guinea | % | 4.71% | 4.59% | 4.59% | 30.0% | ... | ... | ... | ||||||||||||||
| Russia | % | 3.52% | 3.07% | 2.46% | 2.84% | 2.38% | ||||||||||||||||
| Sweden | % | 7.47% | 7.46% | 6.23% | 5.82% | 5.22% | ||||||||||||||||
| United Kingdom | % | 27.5% | 27.4% | 26.5% | 26.5% | 23.9% |
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