Dominican Republic - Insurance and financial services

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

Insurance and financial services (% of service imports, BoP) in Dominican Republic was 8.61 as of 2010. Its highest value over the past 42 years was 13.92 in 1997, while its lowest value was 3.25 in 1969.

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
1968 3.28
1969 3.25
1970 4.03
1971 4.26
1972 4.38
1973 4.31
1974 5.53
1975 4.90
1976 4.19
1977 3.90
1978 3.50
1979 3.57
1980 4.11
1981 3.86
1982 4.51
1983 4.56
1984 3.82
1985 3.87
1986 3.67
1987 4.45
1988 4.06
1989 4.62
1990 4.01
1991 3.66
1992 4.18
1993 13.91
1994 12.71
1995 10.14
1996 12.67
1997 13.92
1998 13.03
1999 6.90
2000 6.97
2001 8.33
2002 8.90
2003 10.49
2004 9.29
2005 8.12
2006 8.26
2007 7.58
2008 7.05
2009 8.70
2010 8.61

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

Insurance and financial services (% of service exports, BoP) in Dominican Republic was 0.92 as of 2010. Its highest value over the past 42 years was 1.18 in 2006, while its lowest value was 0.09 in 2003.

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
1968 1.11
1969 1.06
1970 1.14
1971 1.11
1972 1.02
1973 1.02
1974 0.86
1975 0.76
1976 0.75
1977 0.71
1978 0.73
1979 0.49
1980 0.47
1981 0.55
1982 0.31
1983 0.26
1984 0.26
1985 0.19
1986 0.17
1987 0.14
1988 0.12
1989 0.26
1990 0.19
1991 0.15
1992 0.12
2003 0.09
2004 0.09
2005 1.02
2006 1.18
2007 0.92
2008 0.91
2009 0.92
2010 0.92

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: Balance of payments