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

Source: World Bank
Last Updated: July 1, 2023

Insurance and financial services as a percentage of service exports from the balance of payment reached 0.856% in 2021 in Philippines, according to the National Central Bank / OECD. This is 64.7% more than in the previous year.

Historically, insurance and financial services as a percentage of service exports from the balance of payment in Philippines reached an all time high of 1.83% in 2015 and an all time low of 0.148% in 1994.

Philippines has been ranked 110th 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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