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

Source: World Bank
Last Updated: January 1, 2021

Insurance and financial services as a percentage of service exports from the balance of payment reached 20.7 % in 2018 in Malta, according to the National Central Bank / OECD. This is 3.89 % more than in the previous year.

Historically, insurance and financial services as a percentage of service exports from the balance of payment in Malta reached an all time high of 45.0 % in 2011 and an all time low of 1.85 % in 1995. When compared to Malta's main peers, insurance and financial services as a percentage of service exports from the balance of payment in Greece amounted to 1.39 %, 7.49 % in Italy, 3.43 % in Tunisia and 3.26 % in Turkey in 2018.

Malta has been ranked 13th within the group of 153 countries we follow in terms of insurance and financial services as a percentage of service exports from the balance of payment, 11 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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