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

Source: World Bank
Last Updated: Oct 1, 2021

Insurance and financial services as a percentage of service imports from the balance of payment reached 3.23 % in 2020 in Namibia, according to the National Central Bank / OECD. This is 14.8 % less than in the previous year.

Historically, insurance and financial services as a percentage of service imports from the balance of payment in Namibia reached an all time high of 14.0 % in 1997 and an all time low of % in. When compared to Namibia's main peers, insurance and financial services as a percentage of service imports from the balance of payment in Angola amounted to 9.00 % and 5.53 % in South Africa in 2020.

Namibia has been ranked 79th within the group of 96 countries we follow in terms of insurance and financial services as a percentage of service imports from the balance of payment, 5 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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