Insurance and financial services as a percentage of service exports from the balance of payment rose 55.0% to 5.45% in Turkey 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 Turkey reached an all time high of 5.45% in 2021 and an all time low of 0.356% in 1979.
Turkey has been ranked 50th 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, 11 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 |
| Albania | % | 0.253% | 0.363% | 0.271% | 0.439% | 0.500% | ||||||||||||||||
| Bulgaria | % | 9.12% | 8.83% | 6.55% | 6.74% | 6.89% | ||||||||||||||||
| Greece | % | 1.40% | 1.46% | 1.73% | 1.39% | 1.40% | ||||||||||||||||
| Iran | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... |
| Iraq | % | ... | ... | ... | ... | 1.16% | 0.833% | 0.782% | 0.716% | 0.886% | ||||||||||||
| Kuwait | % | 9.75% | 10.0% | 15.1% | 31.7% | 15.0% | ||||||||||||||||
| Macedonia | % | 0.171% | 0.188% | 0.237% | 0.258% | 0.306% | ||||||||||||||||
| Pakistan | % | 2.75% | 3.47% | 3.16% | 3.14% | 3.48% | ||||||||||||||||
| Romania | % | 1.83% | 1.71% | 1.47% | 1.56% | 1.55% | ||||||||||||||||
| Saudi Arabia | % | ... | ... | ... | ... | ... | ... | ... | 3.85% | 4.61% | 4.03% | 1.81% | 2.81% | |||||||||
| Serbia | % | ... | ... | ... | ... | ... | ... | 1.77% | 1.00% | 1.09% | 0.759% | 1.05% | ||||||||||
| Syria | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ||||||||
| Turkey | % | 2.87% | 2.86% | 3.40% | 3.09% | 2.62% | ||||||||||||||||
| Turkmenistan | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... |
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