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

Insurance and financial services as a percentage of service exports from the balance of payment reached 0.457 % in 2017 in Brunei, according to the National Central Bank / OECD. This is 0.436 % more than in the previous year.

Historically, insurance and financial services as a percentage of service exports from the balance of payment in Brunei reached an all time high of 1.66 % in 2007 and an all time low of 0.455 % in 2015. When compared to Brunei's main peers, insurance and financial services as a percentage of service exports from the balance of payment in Indonesia amounted to 2.85 %, 2.24 % in Malaysia and 0.926 % in Philippines in 2017.

Brunei has been ranked 131st within the group of 149 countries we follow in terms of insurance and financial services as a percentage of service exports from the balance of payment, 38 places behind 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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