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

Insurance and financial services (% of service exports, BoP) in Singapore was 18.75 as of 2021. Its highest value over the past 49 years was 19.23 in 2020, while its lowest value was 0.41 in 1972.

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
1972 0.41
1973 0.50
1974 0.53
1975 0.42
1976 0.60
1977 0.76
1978 0.93
1979 1.14
1980 1.11
1981 0.90
1982 0.83
1983 0.86
1984 1.12
1985 1.02
1986 1.68
1987 1.74
1988 1.30
1989 0.99
1990 0.69
1991 0.83
1992 1.04
1993 1.41
1994 1.43
1995 15.52
1996 15.58
1997 18.03
1998 13.73
1999 12.09
2000 9.16
2001 10.02
2002 11.09
2003 12.34
2004 10.95
2005 11.59
2006 12.91
2007 15.70
2008 14.00
2009 15.13
2010 14.59
2011 14.77
2012 14.89
2013 15.33
2014 15.86
2015 16.23
2016 17.29
2017 17.64
2018 17.45
2019 17.26
2020 19.23
2021 18.75

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