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

This metric encapsulates the share of total service exports attributed to insurance and financial services, highlighting the global integration of domestic financial institutions. It encompasses a wide array of offerings, including policies sold by local insurers to foreign clients and the provision of financial intermediary services that facilitate cross-border transactions. Additionally, it reflects the dynamic exchanges between residents and nonresidents, showcasing how local financial expertise and innovation can attract international business. By analyzing this indicator, stakeholders can assess the competitiveness of a country’s financial sector, understand its contribution to the broader economy, and identify opportunities for growth in the expanding global market for financial services. Source: