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

Source: World Bank
Last Updated: Oct 1, 2021

Insurance and financial services as a percentage of service exports from the balance of payment reached 2.92 % in 2013 in Rwanda, according to the National Central Bank / OECD. This is 11.1 % more than in the previous year.

Historically, insurance and financial services as a percentage of service exports from the balance of payment in Rwanda reached an all time high of 4.56 % in 2010 and an all time low of % in. When compared to Rwanda's main peers, insurance and financial services as a percentage of service exports from the balance of payment in Burundi amounted to 4.21 %, 2.03 % in Tanzania, 2.24 % in Uganda and 3.93 % in Dem. Republic of the Congo in 2013.

Rwanda has been ranked 71st 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.

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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