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

Source: World Bank
Last Updated: January 1, 2021

Insurance and financial services as a percentage of service imports from the balance of payment reached 13.0 % in 2018 in Swaziland, according to the National Central Bank / OECD. This is 801 % more than in the previous year.

Historically, insurance and financial services as a percentage of service imports from the balance of payment in Swaziland reached an all time high of 32.3 % in 2005 and an all time low of 0.668 % in 1994. When compared to Swaziland's main peers, insurance and financial services as a percentage of service imports from the balance of payment in Botswana amounted to 1.51 %, 2.74 % in Lesotho, 5.84 % in Mozambique and 4.06 % in South Africa in 2018.

Swaziland has been ranked 23rd 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, 130 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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