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Insurance and Financial Services (As % of Service Exports, BoP) in South Korea

Source: World Bank
Last Updated: July 1, 2023

Insurance and financial services as a percentage of service exports from the balance of payment reached 4.26% in 2021 in South Korea, according to the National Central Bank / OECD. This is 15.9% less than in the previous year.

Historically, insurance and financial services as a percentage of service exports from the balance of payment in South Korea reached an all time high of 5.37% in 1976 and an all time low of -0.626% in 1981.

South Korea has been ranked 58th within the group of 134 countries we follow in terms of insurance and financial services as a percentage of service exports from the balance of payment.

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