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

Source: World Bank
Last Updated: Oct 1, 2021

Insurance and financial services as a percentage of service imports from the balance of payment reached 5.64 % in 2020 in Pakistan, according to the National Central Bank / OECD. This is 11.7 % more than in the previous year.

Historically, insurance and financial services as a percentage of service imports from the balance of payment in Pakistan reached an all time high of 5.66 % in 2002 and an all time low of % in. When compared to Pakistan's main peers, insurance and financial services as a percentage of service imports from the balance of payment in Afghanistan amounted to 1.32 %, 4.11 % in China and 5.62 % in India in 2020.

Pakistan has been ranked 59th 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, 72 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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