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

Source: World Bank
Last Updated: January 1, 2021

Insurance and financial services as a percentage of service exports from the balance of payment reached 0.852 % in 2018 in Oman, according to the National Central Bank / OECD. This is 2.37 % more 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 123rd 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, 6 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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