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

Insurance and financial services as a percentage of service imports from the balance of payment reached 8.15 % in 2017 in Gambia, according to the National Central Bank / OECD. This is 32.6 % less than in the previous year.

Historically, insurance and financial services as a percentage of service imports from the balance of payment in Gambia reached an all time high of 12.4 % in 2012 and an all time low of 3.85 % in 1987. When compared to Gambia's main peers, insurance and financial services as a percentage of service imports from the balance of payment in Guinea Bissau amounted to 2.35 %, 2.83 % in Mali, 0.790 % in Mauritania and 9.25 % in Senegal in 2017.

Gambia has been ranked 55th within the group of 155 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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