Insurance and Financial Services as a Share of Service Exports

Insurance and financial services data measures the share of these services in total service exports for national economies. The dataset is part of the World Bank's World Development Indicators, a collection of global development data. It covers transactions between residents and non-residents for insurance, financial intermediary, and auxiliary services.

Use Cases

• Analyzing trends in the 'Insurance and financial services (% of service exports, BoP)' indicator over time for specific countries.
• Comparing the relative importance of financial services exports across different economies using the reported percentage values.
• Modeling the relationship between financial services exports and other economic development metrics available in the World Development Indicators.

Strengths

• Data is compiled by the World Bank, an authoritative source for international economic statistics.
• Indicator is defined according to the Balance of Payments (BoP) framework, ensuring methodological consistency.

Limitations

• The specific number of countries, years of coverage, and update frequency are not provided.
• Data granularity is limited to the national level; sub-national or firm-level details are unavailable.

Provenance

Source

World Development Indicators, The World Bank

Collection Method

Compiled from national accounts and balance of payments statistics reported by member countries.

Geography

Global coverage of reporting countries.