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

Source: World Bank
Last Updated: January 1, 2021

Insurance and financial services as a percentage of service exports from the balance of payment reached 1.03 % in 2018 in Morocco, according to the National Central Bank / OECD. This is 5.78 % more than in the previous year.

Historically, insurance and financial services as a percentage of service exports from the balance of payment in Morocco reached an all time high of 2.30 % in 1992 and an all time low of 0.510 % in 2007. When compared to Morocco's main peers, insurance and financial services as a percentage of service exports from the balance of payment in Mauritania amounted to 1.11 %, 3.38 % in Spain and 3.43 % in Tunisia in 2018.

Morocco has been ranked 114th 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.

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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