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

Insurance and financial services as a percentage of service exports from the balance of payment reached 0.189 % in 2017 in Ethiopia, according to the National Central Bank / OECD. This is 295 % more than in the previous year.

Historically, insurance and financial services as a percentage of service exports from the balance of payment in Ethiopia reached an all time high of 4.47 % in 2007 and an all time low of < 0.001 % in 2014. When compared to Ethiopia's main peers, insurance and financial services as a percentage of service exports from the balance of payment in Kenya amounted to 12.8 % and 0.514 % in Sudan in 2017.

Ethiopia has been ranked 143rd within the group of 149 countries we follow in terms of insurance and financial services as a percentage of service exports from the balance of payment, 96 places behind 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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