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

Insurance and financial services as a percentage of service imports from the balance of payment reached 6.11 % in 2017 in Bahamas, according to the National Central Bank / OECD. This is 32.8 % less than in the previous year.

Historically, insurance and financial services as a percentage of service imports from the balance of payment in Bahamas reached an all time high of 14.4 % in 2011 and an all time low of 1.24 % in 1982. When compared to Bahamas's main peers, insurance and financial services as a percentage of service imports from the balance of payment in Dominican Republic amounted to 15.3 %, 0.540 % in Haiti and 14.7 % in USA in 2017.

Bahamas has been ranked 77th within the group of 155 countries we follow in terms of insurance and financial services as a percentage of service imports from the balance of payment, 11 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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