Institutional Sign In

Go

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

Source: World Bank
Last Updated: Oct 1, 2021

Insurance and financial services as a percentage of service imports from the balance of payment reached 5.62 % in 2020 in India, according to the National Central Bank / OECD. This is 24.7 % more than in the previous year.

Historically, insurance and financial services as a percentage of service imports from the balance of payment in India reached an all time high of 12.9 % in 2001 and an all time low of % in. When compared to India's main peers, insurance and financial services as a percentage of service imports from the balance of payment in Bangladesh amounted to 7.30 %, 4.11 % in China and 5.64 % in Pakistan in 2020.

India has been ranked 60th within the group of 96 countries we follow in terms of insurance and financial services as a percentage of service imports from the balance of payment, 28 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.

$2.99

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

from $199/month

Buy annual subscriptions for all our products.