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

Insurance and financial services as a percentage of service exports from the balance of payment reached 2.71 % in 2017 in Burundi, according to the National Central Bank / OECD. This is 18.9 % less than in the previous year.

Historically, insurance and financial services as a percentage of service exports from the balance of payment in Burundi reached an all time high of 14.3 % in 2002 and an all time low of 0.004 % in 2007. When compared to Burundi's main peers, insurance and financial services as a percentage of service exports from the balance of payment in Rwanda amounted to 2.81 %, 1.65 % in Tanzania, 2.16 % in Uganda and 4.07 % in Dem. Republic of the Congo in 2017.

Burundi has been ranked 71st 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, 75 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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