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

Insurance and financial services as a percentage of service imports from the balance of payment reached 7.39 % in 2017 in Jamaica, according to the National Central Bank / OECD. This is 16.3 % less than in the previous year.

Historically, insurance and financial services as a percentage of service imports from the balance of payment in Jamaica reached an all time high of 16.0 % in 1977 and an all time low of 4.51 % in 1999. When compared to Jamaica's main peers, insurance and financial services as a percentage of service imports from the balance of payment in Dominican Republic amounted to 15.3 % and 0.540 % in Haiti in 2017.

Jamaica has been ranked 62nd 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, 37 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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