Caribbean small states - Insurance and financial services

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

Insurance and financial services (% of service imports, BoP) in Caribbean small states was 12.07 as of 2020. Its highest value over the past 44 years was 12.07 in 2020, while its lowest value was 5.86 in 1985.

Definition: Insurance and financial services 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.

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

See also:

Year Value
1976 9.24
1977 8.81
1978 8.74
1979 7.97
1980 8.05
1981 7.60
1982 8.04
1983 7.30
1984 6.12
1985 5.86
1986 6.73
1987 7.57
1988 6.53
1989 6.62
1990 6.92
1991 8.11
1992 8.02
1993 8.36
1994 9.12
1995 8.96
1996 8.00
1997 6.92
1998 5.93
1999 6.21
2000 7.31
2001 8.22
2002 8.60
2003 8.37
2004 8.13
2005 8.60
2006 8.67
2007 8.58
2008 8.73
2009 9.04
2010 11.27
2011 10.36
2012 10.26
2013 9.88
2014 9.59
2015 10.18
2016 9.81
2017 8.50
2018 9.74
2019 8.80
2020 12.07

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

Insurance and financial services (% of service exports, BoP) in Caribbean small states was 4.88 as of 2020. Its highest value over the past 45 years was 4.90 in 2008, while its lowest value was 0.22 in 1975.

Definition: Insurance and financial services 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.

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

See also:

Year Value
1975 0.22
1976 1.60
1977 1.53
1978 1.50
1979 1.26
1980 1.23
1981 1.24
1982 1.00
1983 1.11
1984 1.08
1985 1.30
1986 1.33
1987 1.27
1988 1.24
1989 1.33
1990 1.46
1991 1.18
1992 1.07
1993 0.92
1994 1.22
1995 1.55
1996 1.56
1997 1.56
1998 1.69
1999 1.75
2000 2.01
2001 2.65
2002 2.90
2003 3.75
2004 3.98
2005 4.13
2006 3.56
2007 3.91
2008 4.90
2009 3.66
2010 4.03
2011 2.24
2012 2.50
2013 1.39
2014 1.58
2015 1.51
2016 1.60
2017 1.56
2018 1.58
2019 2.23
2020 4.88

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: Balance of payments