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

Insurance and financial services as a percentage of service imports from the balance of payment reached 2.89 % in 2016 in Palestine, according to the National Central Bank / OECD. This is 11.9 % more than in the previous year.

Historically, insurance and financial services as a percentage of service imports from the balance of payment in Palestine reached an all time high of 3.48 % in 2015 and an all time low of 1.28 % in 2008. When compared to Palestine's main peers, insurance and financial services as a percentage of service imports from the balance of payment in Egypt amounted to 10.5 %, 2.83 % in Israel, 9.94 % in Jordan and 16.5 % in Lebanon in 2016.

Palestine has been ranked 131st 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, 17 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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