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

Insurance and financial services as a percentage of service exports from the balance of payment reached 15.2 % in 2017 in Lebanon, according to the National Central Bank / OECD. This is 12 % less than in the previous year.

Historically, insurance and financial services as a percentage of service exports from the balance of payment in Lebanon reached an all time high of 17.3 % in 2016 and an all time low of 1.46 % in 2002. When compared to Lebanon's main peers, insurance and financial services as a percentage of service exports from the balance of payment in Cyprus amounted to 23.2 %, 0.084 % in Israel and 0.897 % in Jordan in 2017.

Lebanon has been ranked 17th 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, 51 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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