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

Insurance and financial services as a percentage of service exports from the balance of payment reached 1.22 % in 2016 in Kazakhstan, according to the National Central Bank / OECD. This is 24.5 % less than in the previous year.

Historically, insurance and financial services as a percentage of service exports from the balance of payment in Kazakhstan reached an all time high of 4.56 % in 2008 and an all time low of 0.012 % in 1997. When compared to Kazakhstan's main peers, insurance and financial services as a percentage of service exports from the balance of payment in China amounted to 3.47 %, 0.619 % in Kyrgyzstan and 3.07 % in Russia in 2016.

Kazakhstan has been ranked 109th 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, 5 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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