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

Insurance and financial services as a percentage of service imports from the balance of payment reached 14.7 % in 2017 in USA, according to the National Central Bank / OECD. This is 1.12 % less than in the previous year.

Historically, insurance and financial services as a percentage of service imports from the balance of payment in USA reached an all time high of 20.2 % in 2009 and an all time low of 1.02 % in 1974. When compared to USA's main peers, insurance and financial services as a percentage of service imports from the balance of payment in Canada amounted to 12.3 %, 2.77 % in China, 6.76 % in Japan and 19.0 % in Mexico in 2017.

USA has been ranked 20th 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, 13 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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