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

Insurance and financial services as a percentage of service exports from the balance of payment reached 0.794 % in 2016 in Sudan, according to the National Central Bank / OECD. This is 54.5 % more than in the previous year.

Historically, insurance and financial services as a percentage of service exports from the balance of payment in Sudan reached an all time high of 16.9 % in 2008 and an all time low of 0.176 % in 1978. When compared to Sudan's main peers, insurance and financial services as a percentage of service exports from the balance of payment in Egypt amounted to 3.03 %, 0.161 % in Ethiopia and 52.9 % in South Sudan in 2016.

Sudan has been ranked 126th 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, 106 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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