Philippines - Insurance and financial services imports

Insurance and financial services (% of commercial service imports)

The value for Insurance and financial services (% of commercial service imports) in Philippines was 11.45 as of 2021. As the graph below shows, over the past 44 years this indicator reached a maximum value of 13.15 in 2008 and a minimum value of 0.43 in 1998.

Definition: Insurance and financial services cover freight insurance on goods imported and other direct insurance such as life insurance; financial intermediation services such as commissions, foreign exchange transactions, and brokerage services; and auxiliary services such as financial market operational and regulatory services.

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

See also:

Year Value
1977 1.39
1978 1.12
1979 1.01
1980 0.83
1981 0.99
1982 0.70
1983 0.50
1984 0.61
1985 0.71
1986 2.31
1987 2.94
1988 3.07
1989 3.26
1990 3.43
1991 2.64
1992 3.21
1993 3.03
1994 2.18
1995 1.58
1996 0.85
1997 0.78
1998 0.43
1999 3.35
2000 3.63
2001 3.81
2002 4.50
2003 4.39
2004 4.75
2005 3.61
2006 4.70
2007 5.86
2008 13.15
2009 10.88
2010 9.46
2011 10.10
2012 8.13
2013 6.89
2014 5.74
2015 5.77
2016 8.00
2017 7.77
2018 7.73
2019 8.73
2020 11.01
2021 11.45

Classification

Topic: Private Sector & Trade Indicators

Sub-Topic: Imports