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

Insurance and financial services (% of service exports, BoP) in South Africa was 11.97 as of 2020. Its highest value over the past 60 years was 12.79 in 1967, while its lowest value was 4.30 in 2003.

Definition: Insurance and financial services 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.

Source: International Monetary Fund, Balance of Payments Statistics Yearbook and data files.

See also:

Year Value
1960 10.06
1961 9.78
1962 11.46
1963 11.57
1964 11.76
1965 11.54
1966 11.48
1967 12.79
1968 12.24
1969 11.33
1970 11.19
1971 10.14
1972 10.66
1973 9.03
1974 8.36
1975 11.62
1976 11.67
1977 11.83
1978 12.41
1979 10.73
1980 10.32
1981 12.46
1982 12.25
1983 6.23
1984 7.45
1985 9.46
1986 10.39
1987 8.46
1988 5.93
1989 5.26
1990 10.33
1991 5.68
1992 7.01
1993 6.00
1994 7.53
1995 9.50
1996 9.13
1997 8.53
1998 10.08
1999 9.66
2000 8.94
2001 6.07
2002 5.44
2003 4.30
2004 5.21
2005 5.57
2006 6.46
2007 6.87
2008 6.69
2009 6.20
2010 7.54
2011 7.45
2012 7.39
2013 7.31
2014 7.36
2015 8.04
2016 7.85
2017 7.32
2018 7.69
2019 7.14
2020 11.97

Aggregation method: Weighted average

Periodicity: Annual

General Comments: Note: Data are based on the sixth edition of the IMF's Balance of Payments Manual (BPM6) and are only available from 2005 onwards.

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: Balance of payments