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

Insurance and financial services as a percentage of service exports from the balance of payment reached 1.08 % in 2010 in Syria, according to the National Central Bank / OECD. This is 60.8 % less than in the previous year.

Historically, insurance and financial services as a percentage of service exports from the balance of payment in Syria reached an all time high of 3.33 % in 2008 and an all time low of 0.962 % in 2005. When compared to Syria's main peers, insurance and financial services as a percentage of service exports from the balance of payment in Iraq amounted to 0.678 %, 13.9 % in Lebanon and 3.32 % in Turkey in 2010.

Syria has been ranked 119th 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.

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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