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

Source: World Bank
Last Updated: January 1, 2021

Insurance and financial services as a percentage of service exports from the balance of payment reached 1.98 % in 2018 in Jordan, according to the National Central Bank / OECD. This is 86.1 % more than in the previous year.

Historically, insurance and financial services as a percentage of service exports from the balance of payment in Jordan reached an all time high of 1.98 % in 2018 and an all time low of 0.099 % in 1999. When compared to Jordan's main peers, insurance and financial services as a percentage of service exports from the balance of payment in Iraq amounted to 0.716 %, 0.074 % in Israel and 1.81 % in Saudi Arabia in 2018.

Jordan has been ranked 86th 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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