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Insurance and Financial Services (As % of Service Exports, BoP) in Madagascar

Source: World Bank
Last Updated: July 1, 2023

Insurance and financial services as a percentage of service exports from the balance of payment reached 0.536% in 2021 in Madagascar, according to the National Central Bank / OECD. This is 27.6% less than in the previous year.

Historically, insurance and financial services as a percentage of service exports from the balance of payment in Madagascar reached an all time high of 5.37% in 1993 and an all time low of 0.005% in 2005.

Madagascar has been ranked 120th within the group of 134 countries we follow in terms of insurance and financial services as a percentage of service exports from the balance of payment.

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