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

Insurance and financial services as a percentage of service imports from the balance of payment reached 4.66 % in 2016 in Mozambique, according to the National Central Bank / OECD. This is 78.7 % less than in the previous year.

Historically, insurance and financial services as a percentage of service imports from the balance of payment in Mozambique reached an all time high of 21.9 % in 2017 and an all time low of 1.38 % in 2008. When compared to Mozambique's main peers, insurance and financial services as a percentage of service imports from the balance of payment in Malawi amounted to 7.68 %, 3.86 % in South Africa, 1.32 % in Tanzania and 10.4 % in Zambia in 2016.

Mozambique has been ranked 99th 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, 46 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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