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

Insurance and financial services as a percentage of service exports from the balance of payment reached 0.221 % in 2013 in Seychelles, according to the National Central Bank / OECD. This is 97.2 % less than in the previous year.

Historically, insurance and financial services as a percentage of service exports from the balance of payment in Seychelles reached an all time high of 7.93 % in 2011 and an all time low of 0.006 % in 1982. When compared to Seychelles's main peers, insurance and financial services as a percentage of service exports from the balance of payment in Madagascar amounted to 0.146 %, 0.586 % in Maldives and 4.37 % in Mauritius in 2013.

Seychelles has been ranked 141st within the group of 150 countries we follow in terms of insurance and financial services as a percentage of service exports from the balance of payment, 30 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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