Insurance and Financial Services (As % of Service Exports, BoP) in Central African Republic

Insurance and financial services as a percentage of service exports from the balance of payment reached 6.77 % in 1993 in Central African Republic, according to the National Central Bank / OECD. This is 36.8 % less than in the previous year.

Historically, insurance and financial services as a percentage of service exports from the balance of payment in Central African Republic reached an all time high of 10.7 % in 1992 and an all time low of 1.40 % in 1979. When compared to Central African Republic's main peers, insurance and financial services as a percentage of service exports from the balance of payment in Cameroon amounted to 8.48 %, 2.43 % in Chad and 1.44 % in Sudan in 1993.

Central African Republic has been ranked 18th within the group of 98 countries we follow in terms of insurance and financial services as a percentage of service exports from the balance of payment, 21 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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