Faroe Islands - Insurance and financial services (% of service exports, BoP)
Insurance and financial services (% of service exports, BoP) in Faroe Islands was 0.78 as of 2011. Its highest value over the past 13 years was 14.84 in 2002, while its lowest value was 0.33 in 2005.
Definition: Insurance and financial services cover various types of insurance provided to nonresidents by resident insurance enterprises and vice versa, and financial intermediary and auxiliary services (except those of insurance enterprises and pension funds) exchanged between residents and nonresidents.
Source: International Monetary Fund, Balance of Payments Statistics Yearbook and data files.
See also:
| Year | Value |
|---|---|
| 1998 | 5.00 |
| 1999 | 7.78 |
| 2000 | 14.45 |
| 2001 | 8.02 |
| 2002 | 14.84 |
| 2003 | 3.93 |
| 2004 | 0.99 |
| 2005 | 0.33 |
| 2006 | 0.50 |
| 2007 | 0.50 |
| 2008 | 0.51 |
| 2009 | 0.78 |
| 2010 | 0.73 |
| 2011 | 0.78 |
Aggregation method: Weighted average
Periodicity: Annual
General Comments: Note: Data are based on the sixth edition of the IMF's Balance of Payments Manual (BPM6) and are only available from 2005 onwards.
Classification
Topic: Economic Policy & Debt Indicators
Sub-Topic: Balance of payments
