Insurance and Financial Services as a Share of Total Service Imports

World Development Indicators data measures insurance and financial services imports as a percentage of total service imports for countries. The dataset quantifies the share of cross-border financial and insurance transactions within a nation's broader service import economy. It is compiled by the World Bank's World Development Indicators team.

Use Cases

• Analyze trends in the 'insurance and financial services' import share over time for specific countries.
• Compare the relative importance of financial services imports across different economies using the percentage indicator.
• Model the relationship between financial services import share and other macroeconomic variables like GDP growth.
• Benchmark a country's financial services import dependency against regional or income-group averages.

Strengths

• Indicator is a standardized percentage, facilitating cross-country and temporal comparison.
• Data originates from the authoritative World Development Indicators collection.

Limitations

• Specific row count, time range, and geographic coverage are unknown.
• The underlying calculation methodology for the percentage may vary by country.

Provenance

Source

World Bank World Development Indicators

Collection Method

Compiled from national balance of payments statistics reported to the International Monetary Fund.

Geography

Global country-level data, specific countries covered are unknown.