Insurance and Financial Services (As % of Service Exports, BoP) fell 1.75% to 26.8% in Hong Kong in 2024

Insurance and Financial Services (As % of Service Exports, BoP) (%), 2024
Insurance | Hong Kong | September 1, 2025
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Excel Sheet

Insurance and financial services as a percentage of service exports from the balance of payment fell 1.75% to 26.8% in Hong Kong in 2024, according to the National Central Bank / OECD.

Historically, insurance and financial services as a percentage of service exports from the balance of payment in Hong Kong reached an all time high of 34.2% in 2020 and an all time low of 12.1% in 1998.

Hong Kong has been ranked 4th within the group of 97 countries we follow in terms of insurance and financial services as a percentage of service exports from the balance of payment, 8 places above the position seen 10 years ago.

Insurance and Financial Services (As % of Service Exports, BoP) Unit 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Cambodia % 0.331% 0.538% 3.20% 6.36% 2.20%
China % 3.54% 3.56% 3.42% 2.82% 2.45%
Hong Kong % 20.9% 22.6% 34.2% 31.7% 32.7%
India % 3.91% 3.42% 3.18% 3.40% 3.46%
Indonesia % 2.63% 1.98% 5.38% 7.80% 4.85%
Japan % 7.05% 7.92% 10.9% 9.23% 8.26%
Laos % 0.502% 2.40% 2.45% 8.65% 2.85% ...
Malaysia % 2.28% 2.43% 4.73% 5.04% 3.70%
Philippines % 0.952% 0.784% 0.520% 0.877% 0.835%
Russia % 2.84% 2.38% 3.31% 3.58% 3.40%
Singapore % 18.2% 17.8% 19.4% 16.3% 14.4%
Taiwan % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...
Thailand % 1.17% 1.11% 2.87% 3.64% 2.60%
USA % 18.0% 18.1% 23.5% 24.2% 20.2%
Vietnam % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...