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

Insurance and financial services (% of service exports, BoP) in North America was 22.03 as of 2020. Its highest value over the past 50 years was 22.03 in 2020, while its lowest value was 0.58 in 1977.

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
1970 0.70
1971 0.78
1972 1.20
1973 0.94
1974 0.77
1975 0.90
1976 0.73
1977 0.58
1978 0.65
1979 3.48
1980 3.20
1981 4.71
1982 4.81
1983 5.23
1984 4.97
1985 5.14
1986 5.91
1987 5.83
1988 4.70
1989 4.60
1990 3.78
1991 3.96
1992 3.53
1993 3.90
1994 4.02
1995 4.25
1996 4.48
1997 5.11
1998 5.67
1999 9.98
2000 10.42
2001 10.30
2002 11.23
2003 12.37
2004 13.38
2005 13.46
2006 14.54
2007 16.06
2008 16.15
2009 15.93
2010 16.50
2011 17.13
2012 16.83
2013 16.61
2014 17.22
2015 16.43
2016 16.21
2017 16.88
2018 16.74
2019 16.69
2020 22.03

Aggregation method: Weighted average

Periodicity: Annual

General Comments: Note: Data are based on the sixth edition of the IMF's Balance of Payments Manual (BPM6) and are only available from 2005 onwards.

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: Balance of payments