Insurance and Financial Services (As % of Service Imports, BoP) rose to 3.49% in Brunei in 2017

Insurance and Financial Services (As % of Service Imports, BoP) (%)
Insurance | Brunei | May 17, 2019
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Excel Sheet

Insurance and financial services as a percentage of service imports from the balance of payment reached 3.49 % in 2017 in Brunei, according to the National Central Bank / OECD. This is 401 % more than in the previous year.

Historically, insurance and financial services as a percentage of service imports from the balance of payment in Brunei reached an all time high of 3.49 % in 2017 and an all time low of 0.697 % in 2015. When compared to Brunei's main peers, insurance and financial services as a percentage of service imports from the balance of payment in Indonesia amounted to 5.30 %, 6.88 % in Malaysia and 7.68 % in Philippines in 2017.

Brunei has been ranked 110th within the group of 155 countries we follow in terms of insurance and financial services as a percentage of service imports from the balance of payment, 38 places above the position seen 10 years ago.

Insurance and financial services (% of service imports, BoP) cover various types of insurance provided to residents by non-resident insurance enterprises and vice versa, and financial intermediary and auxiliary services (except those of insurance enterprises and pension funds) exchanged between residents and non-residents.

Insurance and Financial Services (As % of Service Imports, BoP) Unit 2009 2010 2011 2012 2013 2014 2015 2016 2017
Australia % 3.02% 2.88% 3.25% 4.14% 4.54%
Brunei % ... ... ... ... ... 0.697%
Cambodia % 6.14% 6.83% 7.94% 6.74% 6.30%
China % 8.27% 8.01% 7.80% 6.33% 2.63%
Indonesia % 6.45% 5.23% 5.03% 4.73% 5.46%
Laos % 10.1% 4.47% 5.02% 1.10% 1.96%
Malaysia % 7.89% 7.85% 7.13% 7.01% 6.96%
Philippines % 9.85% 7.96% 6.78% 5.65% 5.71%
Singapore % 6.38% 5.94% 5.66% 5.01% 6.18%
Taiwan % ... ... ... ... ... ... ... ... ...
Thailand % 5.41% 6.26% 5.97% 5.58% 5.32%
Vietnam % ... ... ... ... ... ... ... ... ...