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

Source: World Bank
Last Updated: Apr 1, 2021

Insurance and financial services as a percentage of service exports from the balance of payment reached 17.2 % in 2018 in Swaziland, according to the National Central Bank / OECD. This is 43.7 % more than in the previous year.

Historically, insurance and financial services as a percentage of service exports from the balance of payment in Swaziland reached an all time high of 75.0 % in 2005 and an all time low of 0.020 % in 1998. When compared to Swaziland's main peers, insurance and financial services as a percentage of service exports from the balance of payment in Botswana amounted to 1.00 %, 0.103 % in Lesotho, 2.11 % in Mozambique and 7.45 % in South Africa in 2018.

Swaziland has been ranked 16th 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, 11 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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