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

Source: World Bank
Last Updated: January 1, 2021

Insurance and financial services as a percentage of service imports from the balance of payment reached 3.54 % in 2018 in Australia, according to the National Central Bank / OECD. This is 6.97 % less 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. When compared to Australia's main peers, insurance and financial services as a percentage of service imports from the balance of payment in Indonesia amounted to 4.90 %, 6.92 % in Malaysia, 10.1 % in New Zealand and 5.67 % in Papua New Guinea in 2018.

Australia has been ranked 117th within the group of 158 countries we follow in terms of insurance and financial services as a percentage of service imports from the balance of payment, 11 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.

$2.99

Buy Insurance and Financial Services (As % of Service Imports, BoP) data for Australia.

from $199/month

Buy annual subscriptions for all our products.