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

Insurance and financial services as a percentage of service imports from the balance of payment reached 8.24 % in 2016 in Hong Kong, according to the National Central Bank / OECD. This is 6.83 % less than in the previous year.

Historically, insurance and financial services as a percentage of service imports from the balance of payment in Hong Kong reached an all time high of 8.84 % in 2017 and an all time low of 3.47 % in 2000. When compared to Hong Kong's main peers, insurance and financial services as a percentage of service imports from the balance of payment in China amounted to 3.38 % and 7.38 % in Singapore in 2016.

Hong Kong has been ranked 60th within the group of 160 countries we follow in terms of insurance and financial services as a percentage of service imports from the balance of payment, 44 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.

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