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

Insurance and financial services as a percentage of service exports from the balance of payment reached 6.81 % in 2017 in Japan, according to the National Central Bank / OECD. This is 14.2 % less than in the previous year.

Historically, insurance and financial services as a percentage of service exports from the balance of payment in Japan reached an all time high of 7.94 % in 2016 and an all time low of -0.375 % in 1991. When compared to Japan's main peers, insurance and financial services as a percentage of service exports from the balance of payment in China amounted to 3.62 %, 2.53 % in Russia, 3.74 % in South Korea and 16.0 % in USA in 2017.

Japan has been ranked 38th within the group of 149 countries we follow in terms of insurance and financial services as a percentage of service exports from the balance of payment, 1 places behind the position seen 10 years ago.

Insurance and financial services cover various types of insurance provided to non-residents by 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.

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