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

Insurance and financial services as a percentage of service imports from the balance of payment reached 1.87 % in 2016 in Botswana, according to the National Central Bank / OECD. This is 20.7 % less than in the previous year.

Historically, insurance and financial services as a percentage of service imports from the balance of payment in Botswana reached an all time high of 12.4 % in 1994 and an all time low of 0.526 % in 2012. When compared to Botswana's main peers, insurance and financial services as a percentage of service imports from the balance of payment in Namibia amounted to 2.29 %, 3.86 % in South Africa and 10.4 % in Zambia in 2016.

Botswana has been ranked 145th within the group of 160 countries we follow in terms of insurance and financial services as a percentage of service imports from the balance of payment, 72 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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