Korea - Insurance and financial services imports

Insurance and financial services (% of commercial service imports)

The value for Insurance and financial services (% of commercial service imports) in Korea was 3.10 as of 2021. As the graph below shows, over the past 45 years this indicator reached a maximum value of 8.77 in 1976 and a minimum value of -0.09 in 1990.

Definition: Insurance and financial services cover freight insurance on goods imported and other direct insurance such as life insurance; financial intermediation services such as commissions, foreign exchange transactions, and brokerage services; and auxiliary services such as financial market operational and regulatory services.

Source: International Monetary Fund, Balance of Payments Statistics Yearbook and data files.

See also:

Year Value
1976 8.77
1977 6.45
1978 5.15
1979 5.67
1980 0.43
1981 0.53
1982 0.91
1983 0.48
1984 3.92
1985 2.96
1986 2.39
1987 0.99
1988 1.37
1989 0.42
1990 -0.09
1991 0.23
1992 1.41
1993 1.35
1994 1.47
1995 1.51
1996 1.05
1997 0.81
1998 1.04
1999 0.27
2000 1.02
2001 1.40
2002 1.76
2003 1.22
2004 1.18
2005 1.65
2006 2.20
2007 2.83
2008 2.58
2009 3.92
2010 2.91
2011 2.67
2012 2.86
2013 2.73
2014 2.20
2015 2.30
2016 2.42
2017 2.54
2018 2.06
2019 2.47
2020 3.01
2021 3.10

Classification

Topic: Private Sector & Trade Indicators

Sub-Topic: Imports