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

Source: World Bank
Last Updated: Apr 1, 2021

Insurance and financial services as a percentage of service imports from the balance of payment reached 14.8 % in 2018 in USA, according to the National Central Bank / OECD. This is 5.47 % 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 21.8 % 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 10.7 %, 2.59 % in China, 7.47 % in Japan and 21.8 % in Mexico in 2018.

USA has been ranked 17th within the group of 158 countries we follow in terms of insurance and financial services as a percentage of service imports from the balance of payment, 11 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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