Aruba - Insurance and financial services

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

Insurance and financial services (% of service imports, BoP) in Aruba was 1.76 as of 2010. Its highest value over the past 24 years was 24.92 in 1992, while its lowest value was 0.84 in 1999.

Definition: Insurance and financial services (% of service imports, BoP) 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. Services imports refer to economic output of intangible commodities that may be produced, transferred, and consumed at the same time. International transactions in services are defined by the International Monetary Fund's (IMF) Balance of Payments Manual (1993), but definitions may nevertheless vary among reporting economies.

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

See also:

Year Value
1986 1.12
1987 1.36
1988 1.21
1989 0.88
1990 1.04
1991 22.69
1992 24.92
1993 22.71
1994 17.59
1995 23.01
1996 1.64
1997 5.71
1998 6.00
1999 0.84
2000 1.76
2001 1.85
2002 1.41
2003 1.00
2004 0.96
2005 1.23
2006 1.39
2007 1.64
2008 1.51
2009 1.52
2010 1.76

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

Insurance and financial services (% of service exports, BoP) in Aruba was 0.75 as of 2010. Its highest value over the past 24 years was 4.04 in 1992, while its lowest value was 0.18 in 1999.

Definition: Insurance and financial services (% of service exports, BoP) 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. Service exports refer to economic output of intangible commodities that may be produced, transferred, and consumed at the same time. International transactions in services are defined by the IMF's Balance of Payments Manual (1993), but definitions may nevertheless vary among reporting economies.

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

See also:

Year Value
1986 0.31
1987 0.28
1988 0.30
1989 0.39
1990 0.36
1991 3.26
1992 4.04
1993 3.56
1994 3.83
1995 3.39
1996 2.17
1997 0.62
1998 1.19
1999 0.18
2000 0.64
2001 0.30
2002 0.20
2003 0.33
2004 0.24
2005 0.30
2006 0.41
2007 0.40
2008 0.51
2009 0.55
2010 0.75

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: Balance of payments