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

Insurance and financial services as a percentage of service exports from the balance of payment reached 3.40 % in 2016 in Rwanda, according to the National Central Bank / OECD. This is 21 % 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 4.09 % in 2015 and an all time low of 0.100 % in 2005. 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 3.35 %, 1.83 % in Tanzania, 3.55 % in Uganda and 3.04 % in Dem. Republic of the Congo in 2016.

Rwanda has been ranked 69th 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, 28 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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