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

Insurance and financial services as a percentage of service imports from the balance of payment reached 5.30 % in 2017 in Indonesia, according to the National Central Bank / OECD. This is 2.53 % less than in the previous year.

Historically, insurance and financial services as a percentage of service imports from the balance of payment in Indonesia reached an all time high of 7.44 % in 2009 and an all time low of 1.72 % in 2003. When compared to Indonesia's main peers, insurance and financial services as a percentage of service imports from the balance of payment in Australia amounted to 4.09 %, 6.88 % in Malaysia, 7.68 % in Philippines and 6.33 % in Singapore in 2017.

Indonesia has been ranked 88th 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, 20 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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