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

Source: World Bank
Last Updated: January 1, 2021

Insurance and financial services as a percentage of service imports from the balance of payment reached 50.3 % in 2018 in Bahrain, according to the National Central Bank / OECD. This is 9.98 % less than in the previous year.

Historically, insurance and financial services as a percentage of service imports from the balance of payment in Bahrain reached an all time high of 55.8 % in 2015 and an all time low of 3.41 % in 2000. When compared to Bahrain's main peers, insurance and financial services as a percentage of service imports from the balance of payment in Kuwait amounted to 13.2 %, 9.73 % in Qatar and 4.98 % in Saudi Arabia in 2018.

Bahrain has been ranked 2nd within the group of 158 countries we follow in terms of insurance and financial services as a percentage of service imports from the balance of payment, 3 places above 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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