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

Insurance and financial services as a percentage of service exports from the balance of payment reached 1.05 % in 2017 in Morocco, according to the National Central Bank / OECD. This is 0.635 % less 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 Algeria amounted to 10.7 %, 1.35 % in Mauritania, 4.36 % in Spain and 3.92 % in Tunisia in 2017.

Morocco has been ranked 112th 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, 16 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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