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

Source: World Bank
Last Updated: January 1, 2021

Insurance and financial services as a percentage of service exports from the balance of payment reached 0.695 % in 2018 in East Timor, according to the National Central Bank / OECD. This is 10.1 % more 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 < 0.001 % in 2016. 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 5.80 %, 2.63 % in Indonesia, 2.29 % in Malaysia and 30.0 % in Papua New Guinea in 2018.

East Timor has been ranked 127th within the group of 153 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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