Insurance and financial services as a percentage of service imports from the balance of payment rose 61.9% to 3.69% in Palestine 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 Palestine reached an all time high of 4.27% in 2018 and an all time low of 1.28% in 2008. When compared to Palestine's main peers, insurance and financial services as a percentage of service imports from the balance of payment in Egypt amounted to 10.3%, 1.76% in Israel, 13.5% in Jordan and 15.4% in Lebanon in 2021.
Palestine has been ranked 110th 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, 37 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 |
| Cyprus | % | 25.4% | 28.5% | 26.4% | 26.7% | 26.2% | ||||||||||||||||
| Egypt | % | 9.85% | 10.5% | 10.0% | 10.7% | 10.7% | ||||||||||||||||
| Iraq | % | ... | ... | ... | ... | 17.3% | 15.4% | 15.5% | 17.1% | 16.5% | ||||||||||||
| Israel | % | 1.96% | 2.81% | 2.12% | 1.84% | 2.10% | ||||||||||||||||
| Jordan | % | 11.9% | 13.2% | 11.6% | 10.5% | 10.5% | ||||||||||||||||
| Lebanon | % | ... | 15.5% | 16.5% | 20.1% | 16.4% | 15.5% | |||||||||||||||
| Libya | % | 37.6% | 25.3% | 19.5% | 22.9% | 24.5% | ... | |||||||||||||||
| Palestine | % | 3.48% | 2.88% | 2.57% | 4.27% | 1.94% | ||||||||||||||||
| Saudi Arabia | % | 3.34% | 3.53% | 3.86% | 4.98% | 4.64% | ||||||||||||||||
| Sudan | % | ... | 0.429% | 1.16% | 5.10% | 6.12% | 7.48% | |||||||||||||||
| Syria | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... |
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