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

Source: World Bank
Last Updated: Oct 1, 2021

Insurance and financial services as a percentage of service exports from the balance of payment reached 3.55 % in 2018 in Macao, according to the National Central Bank / OECD. This is 19.1 % less than in the previous year.

Historically, insurance and financial services as a percentage of service exports from the balance of payment in Macao reached an all time high of 4.39 % in 2019 and an all time low of % in. When compared to Macao's main peers, insurance and financial services as a percentage of service exports from the balance of payment in China amounted to 3.54 %, 20.9 % in Hong Kong and 17.0 % in Singapore in 2018.

Macao has been ranked 62nd 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, 20 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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