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

Insurance and financial services as a percentage of service imports from the balance of payment reached 2.77 % in 2017 in China, according to the National Central Bank / OECD. This is 18.2 % less than in the previous year.

Historically, insurance and financial services as a percentage of service imports from the balance of payment in China reached an all time high of 16.9 % in 1995 and an all time low of 1.03 % in 1996. When compared to China's main peers, insurance and financial services as a percentage of service imports from the balance of payment in India amounted to 6.92 %, 6.76 % in Japan, 3.88 % in Russia and 14.7 % in USA in 2017.

China has been ranked 125th 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, 77 places behind 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.

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