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

Insurance and financial services as a percentage of service exports from the balance of payment reached 0.973 % in 2017 in Oman, according to the National Central Bank / OECD. This is 15.7 % less than in the previous year.

Historically, insurance and financial services as a percentage of service exports from the balance of payment in Oman reached an all time high of 2.81 % in 2000 and an all time low of 0.353 % in 2004.

Oman has been ranked 117th 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, 13 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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