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

Source: World Bank
Last Updated: January 1, 2021

Insurance and financial services as a percentage of service exports from the balance of payment reached 52.2 % in 2016 in Cayman Islands, according to the National Central Bank / OECD. This is 2.89 % more than in the previous year.

Historically, insurance and financial services as a percentage of service exports from the balance of payment in Cayman Islands reached an all time high of 52.2 % in 2016 and an all time low of 50.8 % in 2017. When compared to Cayman Islands's main peers, insurance and financial services as a percentage of service exports from the balance of payment in Jamaica amounted to 0.364 % and 11.0 % in Mexico in 2016.

Cayman Islands has been ranked 3rd within the group of 157 countries we follow in terms of insurance and financial services as a percentage of service exports from the balance of payment.

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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