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

Insurance and financial services as a percentage of service imports from the balance of payment reached 6.77 % in 2016 in Fiji, according to the National Central Bank / OECD. This is 2.52 % more 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 2.92 %, 3.12 % in Norway, 4.03 % in Russia and 3.79 % in Sweden in 2016.

Fiji has been ranked 74th 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, 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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