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

Insurance and financial services as a percentage of service imports from the balance of payment reached 6.88 % in 2016 in Malaysia, according to the National Central Bank / OECD. This is 0.037 % less than in the previous year.

Historically, insurance and financial services as a percentage of service imports from the balance of payment in Malaysia reached an all time high of 8.17 % in 2010 and an all time low of 2.77 % in 2000. When compared to Malaysia's main peers, insurance and financial services as a percentage of service imports from the balance of payment in Cambodia amounted to 6.22 %, 7.38 % in Singapore and 4.80 % in Thailand in 2016.

Malaysia has been ranked 72nd 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, 52 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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