Insurance and financial services (% of service exports, BoP)
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.
Description: The map below shows how Insurance and financial services (% of service exports, BoP) varies by country. The shade of the country corresponds to the magnitude of the indicator. The darker the shade, the higher the value. The country with the highest value in the world is Luxembourg, with a value of 66.05. The country with the lowest value in the world is Angola, with a value of -0.16.
Source: International Monetary Fund, Balance of Payments Statistics Yearbook and data files.