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

Insurance and financial services as a percentage of service imports from the balance of payment reached 7.97 % in 2015 in Kenya, according to the National Central Bank / OECD. This is 9.41 % less than in the previous year.

Historically, insurance and financial services as a percentage of service imports from the balance of payment in Kenya reached an all time high of 11.4 % in 1999 and an all time low of 4.41 % in 2007. When compared to Kenya's main peers, insurance and financial services as a percentage of service imports from the balance of payment in Ethiopia amounted to 4.04 %, 2.08 % in Tanzania and 3.38 % in Uganda in 2015.

Kenya has been ranked 62nd 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, 9 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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