Philippines - Insurance and financial services
Insurance and financial services (% of service imports, BoP)
Insurance and financial services (% of service imports, BoP) in Philippines was 3.37 as of 2010. Its highest value over the past 33 years was 6.13 in 2007, while its lowest value was 0.43 in 1998.
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 | 1.29 |
| 1978 | 1.00 |
| 1979 | 0.93 |
| 1980 | 0.76 |
| 1981 | 0.92 |
| 1982 | 0.66 |
| 1983 | 0.46 |
| 1984 | 0.59 |
| 1985 | 0.69 |
| 1986 | 2.25 |
| 1987 | 2.86 |
| 1988 | 3.06 |
| 1989 | 3.20 |
| 1990 | 3.35 |
| 1991 | 2.61 |
| 1992 | 3.21 |
| 1993 | 3.01 |
| 1994 | 2.17 |
| 1995 | 1.57 |
| 1996 | 0.85 |
| 1997 | 0.78 |
| 1998 | 0.43 |
| 1999 | 3.34 |
| 2000 | 3.58 |
| 2001 | 3.81 |
| 2002 | 4.51 |
| 2003 | 4.41 |
| 2004 | 4.74 |
| 2005 | 5.05 |
| 2006 | 5.63 |
| 2007 | 6.13 |
| 2008 | 4.02 |
| 2009 | 4.04 |
| 2010 | 3.37 |
Insurance and financial services (% of service exports, BoP)
Insurance and financial services (% of service exports, BoP) in Philippines was 0.80 as of 2010. Its highest value over the past 26 years was 2.72 in 2000, while its lowest value was 0.15 in 1994.
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 |
|---|---|
| 1984 | 0.24 |
| 1985 | 0.18 |
| 1986 | 0.24 |
| 1987 | 0.30 |
| 1988 | 0.54 |
| 1989 | 0.53 |
| 1990 | 0.43 |
| 1991 | 0.55 |
| 1992 | 0.49 |
| 1993 | 0.45 |
| 1994 | 0.15 |
| 1995 | 0.66 |
| 1996 | 0.22 |
| 1997 | 0.16 |
| 1998 | 0.32 |
| 1999 | 2.28 |
| 2000 | 2.72 |
| 2001 | 1.69 |
| 2002 | 1.28 |
| 2003 | 1.48 |
| 2004 | 1.36 |
| 2005 | 1.55 |
| 2006 | 1.89 |
| 2007 | 1.12 |
| 2008 | 0.80 |
| 2009 | 1.17 |
| 2010 | 0.80 |
Classification
Topic: Economic Policy & Debt Indicators
Sub-Topic: Balance of payments
