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

Insurance and financial services as a percentage of service imports from the balance of payment reached 2.71 % in 2017 in Morocco, according to the National Central Bank / OECD. This is 40.8 % more than in the previous year.

Historically, insurance and financial services as a percentage of service imports from the balance of payment in Morocco reached an all time high of 6.76 % in 1992 and an all time low of 1.53 % in 2000. When compared to Morocco's main peers, insurance and financial services as a percentage of service imports from the balance of payment in Algeria amounted to 2.69 %, 0.790 % in Mauritania, 9.07 % in Spain and 8.15 % in Tunisia in 2017.

Morocco has been ranked 127th within the group of 155 countries we follow in terms of insurance and financial services as a percentage of service imports from the balance of payment, 14 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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