Insurance and financial services as a percentage of service exports from the balance of payment fell 87.0% to 0.739% in Kosovo 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 Kosovo reached an all time high of 5.68% in 2020 and an all time low of 0.739% in 2021. When compared to Kosovo's main peers, insurance and financial services as a percentage of service exports from the balance of payment in Albania amounted to 0.377%, 0.207% in Macedonia, 0.944% in Montenegro and 1.19% in Serbia in 2021.
Kosovo has been ranked 115th 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, 20 places below 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 |
Albania | % | 0.253% | 0.363% | 0.271% | 0.439% | 0.500% | ||||||||||||||||
Bosnia and Herzegovina | % | 0.360% | 0.315% | 0.322% | 0.398% | 0.438% | ||||||||||||||||
Bulgaria | % | 9.12% | 8.83% | 6.55% | 6.74% | 6.89% | ||||||||||||||||
Croatia | % | 0.895% | 0.878% | 1.08% | 1.12% | 1.17% | ||||||||||||||||
Greece | % | 1.40% | 1.46% | 1.73% | 1.39% | 1.40% | ||||||||||||||||
Hungary | % | 1.48% | 1.46% | 1.69% | 1.74% | 1.55% | ||||||||||||||||
Kosovo | % | ... | ... | ... | 1.96% | 1.73% | 1.50% | 1.93% | 2.07% | |||||||||||||
Macedonia | % | 0.171% | 0.188% | 0.237% | 0.258% | 0.306% | ||||||||||||||||
Montenegro | % | ... | ... | ... | ... | ... | ... | 0.314% | 0.359% | 0.501% | 0.438% | 0.740% | ||||||||||
Romania | % | 1.83% | 1.71% | 1.47% | 1.56% | 1.55% | ||||||||||||||||
Serbia | % | ... | ... | ... | ... | ... | ... | 1.77% | 1.00% | 1.09% | 0.759% | 1.05% |