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

Source: World Bank
Last Updated: Oct 1, 2021

Insurance and financial services as a percentage of service exports from the balance of payment reached 0.249 % in 2019 in Sudan, according to the National Central Bank / OECD. This is 41.5 % 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 % in. 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 1.94 % and 3.12 % in South Sudan in 2019.

Sudan has been ranked 141st within the group of 146 countries we follow in terms of insurance and financial services as a percentage of service exports from the balance of payment, 89 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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