Insurance and financial services as a percentage of service imports from the balance of payment rose 7.18% to 10.7% in the European Union 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 the European Union reached an all time high of 10.7% in 2021 and an all time low of 3.86% in 1976. When compared to European Union's main peers, insurance and financial services as a percentage of service imports from the balance of payment in China amounted to 5.48%, 10.4% in Japan, 4.82% in Russia and 19.8% in USA in 2021.
European Union has been ranked th 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.
| 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 |
| Canada | % | 10.3% | 11.4% | 10.9% | 11.0% | 10.2% | ||||||||||||||||
| China | % | 2.63% | 3.38% | 2.77% | 2.59% | 2.66% | ||||||||||||||||
| European Union | % | 9.29% | 9.20% | 8.96% | 8.86% | 8.36% | ||||||||||||||||
| Germany | % | 6.64% | 6.37% | 5.63% | 5.78% | 5.89% | ||||||||||||||||
| India | % | 5.15% | 6.59% | 6.92% | 4.51% | 3.21% | ||||||||||||||||
| Japan | % | 6.04% | 6.41% | 7.27% | 7.47% | 7.64% | ||||||||||||||||
| Mexico | % | 17.4% | 17.2% | 18.5% | 20.4% | 24.3% | ||||||||||||||||
| Russia | % | 3.82% | 4.03% | 3.88% | 3.00% | 3.46% | ||||||||||||||||
| South Korea | % | 2.27% | 2.39% | 2.50% | 2.04% | 2.44% | ||||||||||||||||
| USA | % | 16.7% | 16.7% | 16.6% | 15.1% | 16.1% |
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