Insurance and Financial Services (As % of Service Imports, BoP) in Algeria

Source: World Bank
Last Updated: January 1, 2021

Insurance and financial services as a percentage of service imports from the balance of payment reached 2.69 % in 2017 in Algeria, according to the National Central Bank / OECD. This is 25.0 % more than in the previous year.

Historically, insurance and financial services as a percentage of service imports from the balance of payment in Algeria reached an all time high of 8.49 % in 1990 and an all time low of 1.82 % in 2011. When compared to Algeria's main peers, insurance and financial services as a percentage of service imports from the balance of payment in Libya amounted to 19.5 %, 1.51 % in Morocco, 8.26 % in Spain and 8.15 % in Tunisia in 2017.

Algeria has been ranked 132nd within the group of 161 countries we follow in terms of insurance and financial services as a percentage of service imports from the balance of payment, 14 places behind the position seen 10 years ago.

Insurance and financial services (% of service imports, BoP) cover various types of insurance provided to residents by non-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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