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

Source: World Bank
Last Updated: Oct 1, 2021

Insurance and financial services as a percentage of service imports from the balance of payment reached 7.49 % in 2020 in East Timor, according to the National Central Bank / OECD. This is 27.4 % more than in the previous year.

Historically, insurance and financial services as a percentage of service imports from the balance of payment in East Timor reached an all time high of 7.49 % in 2020 and an all time low of % in. When compared to East Timor's main peers, insurance and financial services as a percentage of service imports from the balance of payment in Australia amounted to 6.60 %, 7.91 % in Indonesia and 8.62 % in Malaysia in 2020.

East Timor has been ranked 47th within the group of 96 countries we follow in terms of insurance and financial services as a percentage of service imports from the balance of payment, 109 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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