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

Insurance and financial services as a percentage of service exports from the balance of payment reached 3.51 % in 2016 in Pakistan, according to the National Central Bank / OECD. This is 0.895 % more than in the previous year.

Historically, insurance and financial services as a percentage of service exports from the balance of payment in Pakistan reached an all time high of 3.69 % in 2009 and an all time low of 0.351 % in 1992. When compared to Pakistan's main peers, insurance and financial services as a percentage of service exports from the balance of payment in Afghanistan amounted to 4.74 %, 3.47 % in China and 4.45 % in India in 2016.

Pakistan has been ranked 65th within the group of 154 countries we follow in terms of insurance and financial services as a percentage of service exports from the balance of payment, 2 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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