Panama - Insurance and financial services

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

Insurance and financial services (% of service imports, BoP) in Panama was 15.06 as of 2010. Its highest value over the past 33 years was 20.80 in 2002, while its lowest value was 5.43 in 1992.

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
1977 5.71
1978 7.58
1979 7.02
1980 10.24
1981 9.16
1982 7.74
1983 9.67
1984 9.16
1985 12.69
1986 10.38
1987 12.68
1988 9.65
1989 8.66
1990 9.87
1991 7.90
1992 5.43
1993 9.14
1994 7.22
1995 8.50
1996 8.24
1997 12.21
1998 16.92
1999 11.72
2000 7.26
2001 10.19
2002 20.80
2003 18.20
2004 15.07
2005 14.50
2006 13.67
2007 13.78
2008 15.30
2009 14.35
2010 15.06

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

Insurance and financial services (% of service exports, BoP) in Panama was 9.22 as of 2010. Its highest value over the past 33 years was 13.06 in 2002, while its lowest value was 0.05 in 1977.

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
1977 0.05
1978 0.23
1979 0.11
1980 8.21
1981 7.68
1982 6.09
1983 7.42
1984 4.88
1985 6.79
1986 9.40
1987 8.14
1988 4.05
1989 4.29
1990 3.13
1991 4.60
1992 4.74
1993 4.38
1994 4.30
1995 5.25
1996 5.61
1997 5.55
1998 8.52
1999 9.40
2000 8.99
2001 7.93
2002 13.06
2003 12.62
2004 9.76
2005 7.09
2006 7.93
2007 7.92
2008 9.08
2009 7.87
2010 9.22

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: Balance of payments