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Insurance and Financial Services (As % of Service Exports, BoP) fell 15.7% to 5.33% in Australia in 2016

Insurance and Financial Services (As % of Service Exports, BoP) (%), 2016
Insurance | Australia | July 14, 2018
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Excel Sheet

Insurance and financial services as a percentage of service exports from the balance of payment fell 15.7% to 5.33% in Australia in 2016, according to the National Central Bank / OECD.

Historically, insurance and financial services as a percentage of service exports from the balance of payment in Australia reached an all time high of 9.19% in 1993 and an all time low of 2.56% in 2010. When compared to Australia's main peers, insurance and financial services as a percentage of service exports from the balance of payment in Indonesia amounted to 1.78%, 2.28% in Malaysia, 4.17% in New Zealand and 4.61% in Papua New Guinea in 2016.

Australia has been ranked 42nd within the group of 152 countries we follow in terms of insurance and financial services as a percentage of service exports from the balance of payment, 14 places below the position seen 10 years ago.

Insurance and Financial Services (As % of Service Exports, BoP) Unit 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
Australia % 6.31% 6.31% 5.32% 5.65% 5.81%
Cambodia % ... ... ... 0.669% 0.860% 0.225% 0.190% 0.331%
Indonesia % ... ... 1.06% 1.36% 1.78% 2.85% 2.63%
Malaysia % 1.92% 2.03% 2.28% 2.23% 2.28%
New Zealand % 3.17% 3.13% 3.31% 4.22% 4.12%
Papua New Guinea % 7.89% 4.71% 4.59% 4.59% 30.0% ... ...
Philippines % 1.25% 1.83% 1.51% 0.926% 0.952%
Singapore % 15.9% 16.2% 17.2% 17.5% 17.0%
Thailand % 1.19% 1.10% 1.24% 1.17% 1.17%
Vietnam % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...