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

Insurance and financial services as a percentage of service exports from the balance of payment reached 3.03 % in 2016 in Egypt, according to the National Central Bank / OECD. This is 55.1 % more than in the previous year.

Historically, insurance and financial services as a percentage of service exports from the balance of payment in Egypt reached an all time high of 3.03 % in 2016 and an all time low of 0.032 % in 1977. When compared to Egypt's main peers, insurance and financial services as a percentage of service exports from the balance of payment in Israel amounted to 0.090 %, 41.5 % in Libya, 4.61 % in Saudi Arabia and 0.794 % in Sudan in 2016.

Egypt has been ranked 75th within the group of 154 countries we follow in terms of insurance and financial services as a percentage of service exports from the balance of payment, 30 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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