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

Source: World Bank
Last Updated: Apr 1, 2021

Insurance and financial services as a percentage of service imports from the balance of payment reached 24.0 % in 2018 in Malta, according to the National Central Bank / OECD. This is 3.46 % more than in the previous year.

Historically, insurance and financial services as a percentage of service imports from the balance of payment in Malta reached an all time high of 58.0 % in 2004 and an all time low of 6.55 % in 1999. When compared to Malta's main peers, insurance and financial services as a percentage of service imports from the balance of payment in Greece amounted to 7.95 %, 11.3 % in Italy, 7.67 % in Tunisia and 10.6 % in Turkey in 2018.

Malta has been ranked 4th 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, 1 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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