Insurance and financial services as a percentage of service imports from the balance of payment rose 0.272% to 10.2% in Indonesia 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 Indonesia reached an all time high of 10.2% in 2024 and an all time low of 1.72% in 2003. When compared to Indonesia's main peers, insurance and financial services as a percentage of service imports from the balance of payment in Australia amounted to 2.64%, 5.88% in Malaysia, 12.0% in Philippines and 7.21% in Singapore in 2024.
Indonesia has been ranked 27th 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, 71 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 |
| Australia | % | 3.36% | 3.40% | 5.34% | 5.40% | 3.42% | ||||||||||||||||
| Cambodia | % | 6.28% | 5.26% | 8.76% | 10.7% | 9.23% | ||||||||||||||||
| China | % | 2.59% | 2.66% | 4.30% | 5.39% | 4.95% | ||||||||||||||||
| Indonesia | % | 4.90% | 4.47% | 8.97% | 8.93% | 9.93% | ||||||||||||||||
| Malaysia | % | 6.93% | 6.90% | 8.51% | 8.40% | 7.37% | ||||||||||||||||
| New Zealand | % | 9.87% | 11.2% | 15.1% | 13.0% | 11.6% | ||||||||||||||||
| Papua New Guinea | % | 2.05% | 2.84% | 2.34% | 3.47% | 1.88% | ... | |||||||||||||||
| Philippines | % | 7.58% | 8.56% | 10.8% | 11.5% | 11.8% | ||||||||||||||||
| Singapore | % | 5.77% | 6.21% | 7.90% | 6.85% | 6.70% | ||||||||||||||||
| Taiwan | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... |
| Thailand | % | 6.07% | 6.27% | 7.46% | 6.08% | 6.17% | ||||||||||||||||
| Vietnam | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... |
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