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

Insurance and financial services as a percentage of service imports from the balance of payment reached 2.15 % in 2017 in Benin, according to the National Central Bank / OECD. This is 2.49 % less than in the previous year.

Historically, insurance and financial services as a percentage of service imports from the balance of payment in Benin reached an all time high of 13.6 % in 1982 and an all time low of 2.15 % in 2017. When compared to Benin's main peers, insurance and financial services as a percentage of service imports from the balance of payment in Burkina Faso amounted to 16.7 %, 1.21 % in Niger, 7.40 % in Nigeria and 11.0 % in Togo in 2017.

Benin has been ranked 140th 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, 108 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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