Insurance and Financial Services (As % of Service Imports, BoP) in Dem. Republic of the Congo

Source: World Bank
Last Updated: January 1, 2021

Insurance and financial services as a percentage of service imports from the balance of payment reached 21.4 % in 2018 in Dem. Republic of the Congo, according to the National Central Bank / OECD. This is 6.68 % less than in the previous year.

Historically, insurance and financial services as a percentage of service imports from the balance of payment in Dem. Republic of the Congo reached an all time high of 23.1 % in 2017 and an all time low of 9.66 % in 2005. When compared to Dem. Republic of the Congo's main peers, insurance and financial services as a percentage of service imports from the balance of payment in Angola amounted to 7.70 % and 8.57 % in Zambia in 2018.

Dem. Republic of the Congo has been ranked 8th 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, 6 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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