Скачать или смотреть Richest Countries: Insurance and financial services (% of service exports BoP)

Data Source: World Bank, Long definition by ChatGPT: Insurance and financial services (% of service exports BoP) refers to the proportion of a country's service exports that are accounted for by the insurance and financial services sector. BoP stands for Balance of Payments, which is a record of all economic transactions between a country and the rest of the world over a specific period.

This indicator provides insights into the significance of the insurance and financial services sector in a country's service exports. It measures the extent to which a country is reliant on the export of insurance and financial services to generate revenue from international economic activities.

A higher percentage indicates that a larger proportion of a country's service exports come from the insurance and financial services industry. This implies that the country has a competitive advantage in this sector and may have a strong presence in international financial markets. It also suggests that the country's economy is closely tied to the performance of the insurance and financial services industry.

Conversely, a lower percentage indicates that the insurance and financial services sector contributes less to a country's service exports. This might suggest that the country's economy has a more diverse range of service exports or that it has a relatively underdeveloped insurance and financial services sector. Description by ChatGPT OpenAI, #shorts