Insurance and financial services as a percentage of service imports from the balance of payment rose 45.5% to 14.5% in Kuwait in 2021, according to the National Central Bank / OECD.
Historically, insurance and financial services as a percentage of service imports from the balance of payment in Kuwait reached an all time high of 14.5% in 2021 and an all time low of 0.603% in 1980.
Kuwait has been ranked 21st within the group of 139 countries we follow in terms of insurance and financial services as a percentage of service imports from the balance of payment, 41 places above the position seen 10 years ago.
Insurance and Financial Services (As % of Service Imports, BoP) | Unit | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 |
Bahrain | % | 55.8% | 50.3% | 51.7% | 50.3% | ... | ... | ... | ||||||||||||||
Iran | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... |
Iraq | % | ... | ... | ... | ... | 17.3% | 15.4% | 15.5% | 17.1% | 16.5% | ||||||||||||
Jordan | % | 11.9% | 13.2% | 11.6% | 10.5% | 10.5% | ||||||||||||||||
Kuwait | % | 3.77% | 4.26% | 5.65% | 13.2% | 5.60% | ||||||||||||||||
Pakistan | % | 5.40% | 4.96% | 4.59% | 5.05% | 6.58% | ||||||||||||||||
Qatar | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 8.84% | 9.71% | 8.59% | 9.73% | 9.84% | ||||||
Saudi Arabia | % | 3.34% | 3.53% | 3.86% | 4.98% | 4.64% | ||||||||||||||||
Syria | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ||||||||
Turkmenistan | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... |
United Arab Emirates | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... |
Yemen | % | ... | ... | ... | ... | 13.5% | 12.4% | ... | ... | ... | ... | ... |