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

Insurance and financial services as a percentage of service imports from the balance of payment reached 4.55 % in 2016 in Maldives, according to the National Central Bank / OECD. This is 2.08 % less than in the previous year.

Historically, insurance and financial services as a percentage of service imports from the balance of payment in Maldives reached an all time high of 10.0 % in 1977 and an all time low of 0.070 % in 1980. When compared to Maldives's main peers, insurance and financial services as a percentage of service imports from the balance of payment in India amounted to 6.59 %, 5.44 % in Indonesia, 7.38 % in Singapore and 11.6 % in Sri Lanka in 2016.

Maldives has been ranked 100th 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.