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

Source: World Bank
Last Updated: Apr 1, 2021

Insurance and financial services as a percentage of service imports from the balance of payment reached 7.01 % in 2018 in Fiji, according to the National Central Bank / OECD. This is 0.214 % less than in the previous year.

Historically, insurance and financial services as a percentage of service imports from the balance of payment in Fiji reached an all time high of 11.2 % in 1986 and an all time low of 5.46 % in 2000. When compared to Fiji's main peers, insurance and financial services as a percentage of service imports from the balance of payment in Estonia amounted to 2.16 %, 4.17 % in Norway, 3.00 % in Russia and 4.29 % in Sweden in 2018.

Fiji has been ranked 65th 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, 12 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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