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

Source: World Bank
Last Updated: Oct 1, 2021

Insurance and financial services as a percentage of service exports from the balance of payment reached 13.8 % in 2020 in Swaziland, according to the National Central Bank / OECD. This is 20.1 % less 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 % in. When compared to Swaziland's main peers, insurance and financial services as a percentage of service exports from the balance of payment in Lesotho amounted to 0.225 %, 2.01 % in Mozambique and 12.3 % in South Africa in 2020.

Swaziland has been ranked 12th within the group of 94 countries we follow in terms of insurance and financial services as a percentage of service exports from the balance of payment, 1 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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