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

Insurance and financial services as a percentage of service exports from the balance of payment reached 18.8 % in 2016 in Malawi, according to the National Central Bank / OECD. This is 0.518 % more than in the previous year.

Historically, insurance and financial services as a percentage of service exports from the balance of payment in Malawi reached an all time high of 18.8 % in 2016 and an all time low of 0.102 % in 1988. When compared to Malawi's main peers, insurance and financial services as a percentage of service exports from the balance of payment in Mozambique amounted to 4.81 %, 6.94 % in South Africa, 1.83 % in Tanzania and 10.0 % in Zambia in 2016.

Malawi has been ranked 12th 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, 122 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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