Insurance and financial services as a percentage of service imports from the balance of payment rose 4.92% to 11.3% in Philippines in 2021, according to the National Central Bank / OECD.
Historically, insurance and financial services as a percentage of service imports from the balance of payment in Philippines reached an all time high of 12.9% in 2008 and an all time low of 0.425% in 1998.
Philippines has been ranked 33rd within the group of 139 countries we follow in terms of insurance and financial services as a percentage of service imports from the balance of payment, 4 places above the position seen 10 years ago.
| Insurance and Financial Services (As % of Service Imports, BoP) | Unit | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 |
| Australia | % | 4.54% | 3.97% | 4.49% | 3.70% | 3.97% | ||||||||||||||||
| Cambodia | % | 6.30% | 6.22% | 6.16% | 6.28% | 5.26% | ||||||||||||||||
| China | % | 2.63% | 3.38% | 2.77% | 2.59% | 2.66% | ||||||||||||||||
| Hong Kong | % | 8.45% | 8.24% | 8.84% | 9.44% | 9.86% | ||||||||||||||||
| India | % | 5.15% | 6.59% | 6.92% | 4.51% | 3.21% | ||||||||||||||||
| Indonesia | % | 5.46% | 5.44% | 5.30% | 4.90% | 4.47% | ||||||||||||||||
| Japan | % | 6.04% | 6.41% | 7.27% | 7.47% | 7.64% | ||||||||||||||||
| Laos | % | 1.96% | 1.16% | 3.57% | 2.90% | 3.55% | ||||||||||||||||
| Malaysia | % | 6.96% | 6.88% | 6.68% | 6.93% | 6.90% | ||||||||||||||||
| Philippines | % | 5.71% | 7.88% | 7.68% | 7.58% | 8.56% | ||||||||||||||||
| Russia | % | 3.82% | 4.03% | 3.88% | 3.00% | 3.46% | ||||||||||||||||
| Singapore | % | 4.76% | 5.66% | 5.29% | 5.73% | 6.15% | ||||||||||||||||
| Taiwan | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... |
| Thailand | % | 5.32% | 4.80% | 6.00% | 6.07% | 6.27% | ||||||||||||||||
| USA | % | 16.7% | 16.7% | 16.6% | 15.1% | 16.1% | ||||||||||||||||
| Vietnam | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... |
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