Insurance and financial services as a percentage of service imports from the balance of payment fell 7.51% to 3.38% in Romania in 2024, according to the National Central Bank / OECD.
Historically, insurance and financial services as a percentage of service imports from the balance of payment in Romania reached an all time high of 10.1% in 2012 and an all time low of 2.41% in 2022. When compared to Romania's main peers, insurance and financial services as a percentage of service imports from the balance of payment in Bulgaria amounted to 8.45%, 4.15% in Hungary, 2.47% in Moldova and 2.85% in Ukraine in 2024.
Romania has been ranked 82nd within the group of 101 countries we follow in terms of insurance and financial services as a percentage of service imports from the balance of payment.
Insurance and Financial Services (As % of Service Imports, BoP) | Unit | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
Austria | % | 5.16% | 4.98% | 5.43% | 5.76% | 3.85% | ||||||||||||||||
Bulgaria | % | 16.0% | 13.4% | 12.7% | 12.5% | 9.83% | ||||||||||||||||
Czechia | % | 4.46% | 4.84% | 6.04% | 5.63% | 5.18% | ||||||||||||||||
Greece | % | 7.95% | 7.32% | 8.89% | 9.22% | 8.61% | ||||||||||||||||
Hungary | % | 3.65% | 3.14% | 3.82% | 3.75% | 2.77% | ||||||||||||||||
Moldova | % | 1.74% | 1.53% | 1.75% | 1.72% | 2.37% | ||||||||||||||||
Poland | % | 4.98% | 4.62% | 4.95% | 4.83% | 4.98% | ||||||||||||||||
Romania | % | 3.98% | 3.35% | 4.60% | 4.43% | 2.41% | ||||||||||||||||
Russia | % | 3.00% | 3.46% | 5.34% | 4.82% | 3.28% | ||||||||||||||||
Serbia | % | ... | ... | ... | 2.52% | 3.21% | 4.36% | 4.02% | 2.78% | ... | ||||||||||||
Slovakia | % | 4.35% | 4.34% | 5.46% | 4.86% | 3.62% | ||||||||||||||||
Turkey | % | 9.13% | 8.15% | 11.0% | 9.33% | 8.16% | ||||||||||||||||
Ukraine | % | 4.12% | 4.15% | 6.29% | 5.47% | 2.92% |