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

Source: World Bank
Last Updated: Oct 1, 2021

Insurance and financial services as a percentage of service imports from the balance of payment reached 37.0 % in 2018 in Cayman Islands, according to the National Central Bank / OECD. This is 1.26 % less than in the previous year.

Historically, insurance and financial services as a percentage of service imports from the balance of payment in Cayman Islands reached an all time high of 40.5 % in 2017 and an all time low of % in. When compared to Cayman Islands's main peers, insurance and financial services as a percentage of service imports from the balance of payment in Bahamas amounted to 8.56 %, 7.31 % in Jamaica and 21.8 % in Mexico in 2018.

Cayman Islands has been ranked 3rd 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.

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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