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

Source: World Bank
Last Updated: January 1, 2021

Insurance and financial services as a percentage of service imports from the balance of payment reached 2.74 % in 2018 in Lesotho, according to the National Central Bank / OECD. This is 0.222 % more than in the previous year.

Historically, insurance and financial services as a percentage of service imports from the balance of payment in Lesotho reached an all time high of 4.15 % in 2008 and an all time low of 0.578 % in 1989. When compared to Lesotho's main peers, insurance and financial services as a percentage of service imports from the balance of payment in Botswana amounted to 1.51 %, 4.06 % in South Africa and 13.0 % in Swaziland in 2018.

Lesotho has been ranked 127th within the group of 158 countries we follow in terms of insurance and financial services as a percentage of service imports from the balance of payment, 20 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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