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

Insurance and financial services as a percentage of service imports from the balance of payment reached 12.4 % in 2016 in Yemen, according to the National Central Bank / OECD. This is 8.210000000000001 % less than in the previous year.

Historically, insurance and financial services as a percentage of service imports from the balance of payment in Yemen reached an all time high of 13.5 % in 2015 and an all time low of 7.27 % in 2006. When compared to Yemen's main peers, insurance and financial services as a percentage of service imports from the balance of payment in Djibouti amounted to 9.46 %, 9.45 % in Oman and 3.53 % in Saudi Arabia in 2016.

Yemen has been ranked 29th 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, 37 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.