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Insurance and Financial Services (As % of Service Exports, BoP) in Iceland

Source: World Bank
Last Updated: July 1, 2023

Insurance and financial services as a percentage of service exports from the balance of payment reached 3.80% in 2021 in Iceland, according to the National Central Bank / OECD. This is 19.5% less than in the previous year.

Historically, insurance and financial services as a percentage of service exports from the balance of payment in Iceland reached an all time high of 100% in 1995 and an all time low of 0.026% in 1998.

Iceland has been ranked 63rd 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.

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