Pacific island small states - Insurance and financial services

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

Insurance and financial services (% of service imports, BoP) in Pacific island small states was 7.31 as of 2020. Its highest value over the past 41 years was 8.95 in 2001, while its lowest value was 4.93 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.

See also:

Year Value
1979 7.28
1980 7.58
1981 5.50
1982 5.69
1983 6.07
1984 5.83
1985 6.37
1986 8.15
1987 7.83
1988 7.93
1989 6.94
1990 7.14
1991 6.14
1992 6.82
1993 7.74
1994 7.50
1995 6.94
1996 7.21
1997 6.14
1998 8.25
1999 5.83
2000 6.15
2001 8.95
2002 6.34
2003 5.09
2004 5.71
2005 5.09
2006 5.29
2007 5.39
2008 6.33
2009 4.93
2010 5.02
2011 5.31
2012 5.65
2013 6.06
2014 5.65
2015 5.18
2016 5.31
2017 5.71
2018 6.18
2019 5.83
2020 7.31

Insurance and financial services (% of service exports, BoP)

Insurance and financial services (% of service exports, BoP) in Pacific island small states was 2.68 as of 2020. Its highest value over the past 41 years was 10.93 in 1985, while its lowest value was 0.53 in 1988.

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
1979 2.20
1980 0.68
1981 0.99
1982 0.73
1983 10.33
1984 1.51
1985 10.93
1986 3.65
1987 1.28
1988 0.53
1989 0.61
1990 0.75
1991 0.65
1992 0.99
1993 2.42
1994 2.31
1995 0.95
1996 0.80
1997 1.52
1998 4.50
1999 4.19
2000 5.02
2001 4.63
2002 1.77
2003 1.47
2004 1.66
2005 1.43
2006 1.92
2007 1.85
2008 2.01
2009 1.83
2010 1.41
2011 1.42
2012 1.54
2013 1.37
2014 1.04
2015 1.03
2016 0.94
2017 1.26
2018 0.66
2019 1.03
2020 2.68

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: Balance of payments