Insurance and financial services as a percentage of service exports from the balance of payment reached -0.385 % in 2020 in East Timor, according to the National Central Bank / OECD. This is 155 % less than in the previous year.
Historically, insurance and financial services as a percentage of service exports from the balance of payment in East Timor reached an all time high of 1.35 % in 2013 and an all time low of % in. When compared to East Timor's main peers, insurance and financial services as a percentage of service exports from the balance of payment in Australia amounted to 7.56 %, 5.20 % in Indonesia and 4.73 % in Malaysia in 2020.
East Timor has been ranked 94th within the group of 94 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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