Insurance and Financial Services (As % of Service Imports, BoP) rose to 51.7% in Bahrain in 2017

Insurance and Financial Services (As % of Service Imports, BoP) (%)
Insurance | Bahrain | May 17, 2019
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Excel Sheet

Insurance and financial services as a percentage of service imports from the balance of payment reached 55.8 % in 2015 in Bahrain, according to the National Central Bank / OECD. This is 11.1 % more than in the previous year.

Historically, insurance and financial services as a percentage of service imports from the balance of payment in Bahrain reached an all time high of 55.8 % in 2015 and an all time low of 3.41 % in 2000. When compared to Bahrain's main peers, insurance and financial services as a percentage of service imports from the balance of payment in Kuwait amounted to 3.77 %, 8.84 % in Qatar and 3.34 % in Saudi Arabia in 2015.

Bahrain has been ranked 1st within the group of 160 countries we follow in terms of insurance and financial services as a percentage of service imports from the balance of payment, 6 places above the position seen 10 years ago.

Insurance and financial services (% of service imports, BoP) cover various types of insurance provided to residents by non-resident insurance enterprises and vice versa, and financial intermediary and auxiliary services (except those of insurance enterprises and pension funds) exchanged between residents and non-residents.

Insurance and Financial Services (As % of Service Imports, BoP) Unit 2009 2010 2011 2012 2013 2014 2015 2016 2017
Bahrain % 4.77% 49.5% 53.2% 55.1% 55.8%
Iran % ... ... ... ... ... ... ... ... ...
Iraq % 27.3% 26.7% 22.0% 18.9% 17.3%
Jordan % 8.45% 9.11% 9.53% 10.8% 10.3%
Kuwait % 7.78% 7.77% 3.37% 2.81% 3.77%
Pakistan % 3.94% 4.71% 5.53% 5.10% 5.40%
Qatar % ... ... 6.57% 4.24% 5.23% 7.19% 8.84%
Saudi Arabia % 4.57% 4.60% 4.31% 3.25% 3.34%
Turkmenistan % ... ... ... ... ... ... ... ... ...
United Arab Emirates % ... ... ... ... ... ... ... ... ...
Yemen % 10.1% 12.1% 11.9% 11.3% 13.5% ...