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Insurance and Financial Services (As % of Service Imports, BoP) in Australia

Source: World Bank
Last Updated: Dec 1, 2021

Insurance and financial services as a percentage of service imports from the balance of payment reached 6.60% in 2020 in Australia, according to the National Central Bank / OECD. This is 69.9% more than in the previous year.

Historically, insurance and financial services as a percentage of service imports from the balance of payment in Australia reached an all time high of 9.58% in 1994 and an all time low of 2.29% in 2010.

Australia has been ranked 49th within the group of 94 countries we follow in terms of interest rate on insurance and financial services as a percentage of service imports from the balance of payment.

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