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Insurance and Financial Services (As % of Service Imports, BoP) in South Korea

Source: World Bank
Last Updated: July 1, 2023

Insurance and financial services as a percentage of service imports from the balance of payment reached 3.07% in 2021 in South Korea, according to the National Central Bank / OECD. This is 3.16% more than in the previous year.

Historically, insurance and financial services as a percentage of service imports from the balance of payment in South Korea reached an all time high of 8.31% in 1976 and an all time low of -0.091% in 1990.

South Korea has been ranked 120th 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.

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