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

Insurance and financial services as a percentage of service exports from the balance of payment reached 16.0 % in 2017 in USA, according to the National Central Bank / OECD. This is 4.32 % more than in the previous year.

Historically, insurance and financial services as a percentage of service exports from the balance of payment in USA reached an all time high of 16.8 % in 2014 and an all time low of 0.579 % in 1977. When compared to USA's main peers, insurance and financial services as a percentage of service exports from the balance of payment in Canada amounted to 10.3 %, 3.62 % in China, 6.81 % in Japan and 14.8 % in Mexico in 2017.

USA has been ranked 15th 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, 2 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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