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

Insurance and financial services as a percentage of service exports from the balance of payment reached 0.007 % in 2016 in Palestine, according to the National Central Bank / OECD. This is 52.8 % less than in the previous year.

Historically, insurance and financial services as a percentage of service exports from the balance of payment in Palestine reached an all time high of 0.993 % in 2010 and an all time low of < 0.001 % in 2004. When compared to Palestine's main peers, insurance and financial services as a percentage of service exports from the balance of payment in Egypt amounted to 3.03 %, 0.090 % in Israel, 1.60 % in Jordan and 17.3 % in Lebanon in 2016.

Palestine has been ranked 153rd 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, 10 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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