Philippines - Insurance and financial services (% of service exports, BoP)

Insurance and financial services (% of service exports, BoP) in Philippines was at 1.8333 %, according to the World Bank collection of development indicators, compiled from officially recognized sources.



 philippines insurance and financial services percent of service exports bop wb data




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Insurance and financial services (% of service exports, BoP) cover various types of insurance provided to nonresidents by resident insurance enterprises and vice versa, and financial intermediary and auxiliary services (except those of insurance enterprises and pension funds) exchanged between residents and nonresidents. Service exports refer to economic output of intangible commodities that may be produced, transferred, and consumed at the same time. International transactions in services are defined by the IMF's Balance of Payments Manual (1993), but definitions may nevertheless vary among reporting economies.


Philippines | Economy & Growth

GDP (current US$)
292451392607 USD
GDP (current LCU)
13307357227500 LCU
GDP (constant 2000 US$)
265833154133 USD
GDP (constant LCU)
7593828396600 LCU
GNI (current US$)
353758553491 USD
GNI (current LCU)
16097004707800 LCU
GNI (constant 2000 US$)
322599553366 USD
GNI (constant LCU)
9173756337009 LCU
Gross savings (current US$)
125206722581 USD
Gross savings (current LCU)
5697256456263 LCU
Total Reserves
80692 %