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

Insurance and financial services as a percentage of service imports from the balance of payment reached 3.88 % in 2016 in Uganda, according to the National Central Bank / OECD. This is 21.9 % more than in the previous year.

Historically, insurance and financial services as a percentage of service imports from the balance of payment in Uganda reached an all time high of 8.81 % in 1984 and an all time low of 3.08 % in 1999. When compared to Uganda's main peers, insurance and financial services as a percentage of service imports from the balance of payment in Kenya amounted to 8.79 %, 2.28 % in Rwanda, 37.4 % in South Sudan and 21.1 % in Dem. Republic of the Congo in 2016.

Uganda has been ranked 107th 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, 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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