Insurance and financial services as a percentage of service imports from the balance of payment fell 4.44% to 11.9% in Hong Kong in 2024, according to the National Central Bank / OECD.
Historically, insurance and financial services as a percentage of service imports from the balance of payment in Hong Kong reached an all time high of 16.1% in 2020 and an all time low of 3.47% in 2000.
Hong Kong has been ranked 17th within the group of 101 countries we follow in terms of insurance and financial services as a percentage of service imports from the balance of payment, 42 places above the position seen 10 years ago.
Insurance and Financial Services (As % of Service Imports, BoP) | Unit | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
Cambodia | % | 6.28% | 5.26% | 8.76% | 10.7% | 9.23% | ||||||||||||||||
China | % | 2.59% | 2.66% | 4.30% | 5.39% | 4.95% | ||||||||||||||||
Hong Kong | % | 9.44% | 9.86% | 16.1% | 15.0% | 14.9% | ||||||||||||||||
India | % | 4.51% | 3.21% | 5.63% | 5.60% | 4.65% | ||||||||||||||||
Indonesia | % | 4.90% | 4.47% | 8.97% | 8.93% | 9.93% | ||||||||||||||||
Japan | % | 7.47% | 7.64% | 10.6% | 10.3% | 10.6% | ||||||||||||||||
Laos | % | 2.90% | 3.55% | 3.65% | 7.40% | 3.48% | ... | |||||||||||||||
Malaysia | % | 6.93% | 6.90% | 8.51% | 8.40% | 7.37% | ||||||||||||||||
Philippines | % | 7.58% | 8.56% | 10.8% | 11.5% | 11.8% | ||||||||||||||||
Russia | % | 3.00% | 3.46% | 5.34% | 4.82% | 3.28% | ||||||||||||||||
Singapore | % | 5.77% | 6.21% | 7.90% | 6.85% | 6.70% | ||||||||||||||||
Taiwan | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... |
Thailand | % | 6.07% | 6.27% | 7.46% | 6.08% | 6.17% | ||||||||||||||||
USA | % | 15.1% | 16.1% | 22.1% | 19.4% | 16.8% | ||||||||||||||||
Vietnam | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... |