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

Source: World Bank
Last Updated: January 1, 2021

Insurance and financial services as a percentage of service imports from the balance of payment reached 2.13 % in 2018 in Seychelles, according to the National Central Bank / OECD. This is 18.8 % less than in the previous year.

Historically, insurance and financial services as a percentage of service imports from the balance of payment in Seychelles reached an all time high of 11.8 % in 1997 and an all time low of 1.50 % in 2012. When compared to Seychelles's main peers, insurance and financial services as a percentage of service imports from the balance of payment in Comoros amounted to 8.33 %, 1.63 % in Madagascar, 5.19 % in Maldives and 5.49 % in Mauritius in 2018.

Seychelles has been ranked 139th within the group of 158 countries we follow in terms of insurance and financial services as a percentage of service imports from the balance of payment, 50 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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