Lower middle income - 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 Lower middle income was 7.58 as of 2020. As the graph below shows, over the past 43 years this indicator reached a maximum value of 8.52 in 2011 and a minimum value of 4.53 in 1999.
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 | 5.01 |
| 1978 | 4.90 |
| 1979 | 5.03 |
| 1980 | 5.30 |
| 1981 | 4.98 |
| 1982 | 4.95 |
| 1983 | 4.98 |
| 1984 | 5.07 |
| 1985 | 4.92 |
| 1986 | 5.17 |
| 1987 | 5.14 |
| 1988 | 5.42 |
| 1989 | 5.57 |
| 1990 | 5.65 |
| 1991 | 5.74 |
| 1992 | 5.57 |
| 1993 | 5.30 |
| 1994 | 5.34 |
| 1995 | 4.85 |
| 1996 | 4.69 |
| 1997 | 4.73 |
| 1998 | 4.69 |
| 1999 | 4.53 |
| 2000 | 7.22 |
| 2001 | 8.01 |
| 2002 | 7.35 |
| 2003 | 5.86 |
| 2004 | 6.52 |
| 2005 | 5.68 |
| 2006 | 6.10 |
| 2007 | 6.61 |
| 2008 | 7.10 |
| 2009 | 7.84 |
| 2010 | 7.84 |
| 2011 | 8.52 |
| 2012 | 7.08 |
| 2013 | 7.29 |
| 2014 | 6.29 |
| 2015 | 5.88 |
| 2016 | 6.63 |
| 2017 | 6.68 |
| 2018 | 5.92 |
| 2019 | 5.34 |
| 2020 | 7.58 |
Classification
Topic: Private Sector & Trade Indicators
Sub-Topic: Imports
