Micronesia - Insurance and financial services (% of service imports, BoP)

Insurance and financial services (% of service imports, BoP) in Micronesia was 2.67 as of 2014. Its highest value over the past 5 years was 2.93 in 2012, while its lowest value was 2.18 in 2009.

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.

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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