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

Source: World Bank
Last Updated: Oct 1, 2021

Insurance and financial services as a percentage of service exports from the balance of payment reached 6.44 % in 2019 in Botswana, according to the National Central Bank / OECD. This is 35.4 % less than in the previous year.

Historically, insurance and financial services as a percentage of service exports from the balance of payment in Botswana reached an all time high of 9.97 % in 2018 and an all time low of % in. When compared to Botswana's main peers, insurance and financial services as a percentage of service exports from the balance of payment in Namibia amounted to 3.53 %, 7.12 % in South Africa and 8.93 % in Zambia in 2019.

Botswana has been ranked 40th within the group of 146 countries we follow in terms of insurance and financial services as a percentage of service exports from the balance of payment, 105 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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