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

Source: World Bank
Last Updated: Oct 1, 2021

Insurance and financial services as a percentage of service exports from the balance of payment reached 15.3 % in 2018 in Kenya, according to the National Central Bank / OECD. This is 33.9 % more than in the previous year.

Historically, insurance and financial services as a percentage of service exports from the balance of payment in Kenya reached an all time high of 15.3 % in 2018 and an all time low of % in. When compared to Kenya's main peers, insurance and financial services as a percentage of service exports from the balance of payment in Ethiopia amounted to 1.03 %, 1.25 % in Tanzania and 1.41 % in Uganda in 2018.

Kenya has been ranked 21st within the group of 155 countries we follow in terms of insurance and financial services as a percentage of service exports from the balance of payment, 118 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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