Insurance and financial services as a percentage of service exports from the balance of payment reached 8.87% in 2024 in South Africa, according to the National Central Bank / OECD. This is 4.67% less than in the previous year.
Historically, insurance and financial services as a percentage of service exports from the balance of payment in South Africa reached an all time high of 14.5% in 2021 and an all time low of 4.30% in 2003.
South Africa has been ranked 21st within the group of 97 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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