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

Insurance and financial services as a percentage of service exports from the balance of payment reached 52.9 % in 2015 in Bahrain, according to the National Central Bank / OECD. This is 16.8 % more than in the previous year.

Historically, insurance and financial services as a percentage of service exports from the balance of payment in Bahrain reached an all time high of 53.7 % in 2012 and an all time low of 0.088 % in 1981. When compared to Bahrain's main peers, insurance and financial services as a percentage of service exports from the balance of payment in Kuwait amounted to 9.75 %, 3.69 % in Qatar and 3.85 % in Saudi Arabia in 2015.

Bahrain has been ranked 3rd within the group of 155 countries we follow in terms of insurance and financial services as a percentage of service exports from the balance of payment, 6 places above the position seen 10 years ago.

Insurance and financial services cover various types of insurance provided to non-residents by 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.

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