Insurance and financial services as a percentage of service imports from the balance of payment fell 1.14% to 13.9% in Canada in 2021, according to the National Central Bank / OECD.
Historically, insurance and financial services as a percentage of service imports from the balance of payment in Canada reached an all time high of 14.1% in 2020 and an all time low of 5.97% in 1990. When compared to Canada's main peers, insurance and financial services as a percentage of service imports from the balance of payment in Australia amounted to 6.93%, 23.8% in Mexico, 11.4% in United Kingdom and 19.8% in USA in 2021.
Canada has been ranked 22nd 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, 24 places above the position seen 10 years ago.
| Insurance and Financial Services (As % of Service Imports, BoP) | Unit | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 |
| Australia | % | 4.54% | 3.97% | 4.49% | 3.70% | 3.97% | ||||||||||||||||
| Belgium | % | ... | 6.75% | 7.07% | 7.45% | 6.79% | 6.63% | |||||||||||||||
| Belize | % | 19.9% | 16.0% | 15.9% | 19.9% | 12.8% | ||||||||||||||||
| Canada | % | 10.3% | 11.4% | 10.9% | 11.0% | 10.2% | ||||||||||||||||
| China | % | 2.63% | 3.38% | 2.77% | 2.59% | 2.66% | ||||||||||||||||
| France | % | 5.39% | 6.45% | 6.53% | 6.74% | 6.71% | ||||||||||||||||
| Germany | % | 6.64% | 6.37% | 5.63% | 5.78% | 5.89% | ||||||||||||||||
| Guatemala | % | 13.2% | 13.0% | 14.6% | 14.4% | 13.6% | ||||||||||||||||
| Honduras | % | 6.50% | 7.19% | 7.67% | 7.02% | 7.18% | ||||||||||||||||
| Indonesia | % | 5.46% | 5.44% | 5.30% | 4.90% | 4.47% | ||||||||||||||||
| Ireland | % | 11.0% | 9.18% | 9.72% | 10.8% | 7.98% | ||||||||||||||||
| Japan | % | 6.04% | 6.41% | 7.27% | 7.47% | 7.64% | ||||||||||||||||
| Malaysia | % | 6.96% | 6.88% | 6.68% | 6.93% | 6.90% | ||||||||||||||||
| Mexico | % | 17.4% | 17.2% | 18.5% | 20.4% | 24.3% | ||||||||||||||||
| New Zealand | % | 8.88% | 8.91% | 9.05% | 9.87% | 11.2% | ||||||||||||||||
| Papua New Guinea | % | 8.99% | 6.87% | 6.53% | 5.67% | ... | ... | ... | ||||||||||||||
| USA | % | 16.7% | 16.7% | 16.6% | 15.1% | 16.1% | ||||||||||||||||
| United Kingdom | % | 9.41% | 10.1% | 10.1% | 10.5% | 9.37% |
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