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

Insurance and financial services as a percentage of service exports from the balance of payment reached 10.5 % in 2000 in Iran, according to the National Central Bank / OECD. This is 20.4 % more than in the previous year.

Historically, insurance and financial services as a percentage of service exports from the balance of payment in Iran reached an all time high of 29.6 % in 1989 and an all time low of 3.74 % in 1998.

Iran has been ranked 13th within the group of 118 countries we follow in terms of insurance and financial services as a percentage of service exports from the balance of payment, 12 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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