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

Source: World Bank
Last Updated: Apr 1, 2021

Insurance and financial services as a percentage of service imports from the balance of payment reached 8.07 % in 2018 in World, according to the National Central Bank / OECD. This is 0.223 % more than in the previous year.

Historically, insurance and financial services as a percentage of service imports from the balance of payment in World reached an all time high of 9.45 % in 2010 and an all time low of 3.54 % in 1981. When compared to World's main peers, insurance and financial services as a percentage of service imports from the balance of payment in China amounted to 2.59 %, 5.80 % in Germany, 7.47 % in Japan and 14.8 % in USA in 2018.

World has been ranked 56th 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, 12 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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