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

Source: World Bank
Last Updated: Oct 1, 2021

Insurance and financial services as a percentage of service imports from the balance of payment reached 9.31 % in 2018 in Kenya, according to the National Central Bank / OECD. This is 3.95 % more 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 % in. 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 3.31 %, 4.09 % in Tanzania and 3.12 % in Uganda in 2018.

Kenya has been ranked 47th 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, 32 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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