Imports of Services: Insurance services
IEAMSI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
24,766.00
Year-over-Year Change
76.51%
Date Range
1/1/1999 - 1/1/2025
Summary
The Imports of Services: Insurance services trend measures the value of imported insurance services, including life, property, and casualty insurance. This metric is important for economists and policymakers to assess the health of the U.S. services trade balance.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Imports of Services: Insurance services trend represents the dollar value of insurance services imported into the United States. This includes both life insurance and property/casualty insurance services purchased from foreign providers. The data is used to calculate the overall U.S. trade balance in services.
Methodology
The data is collected through surveys of U.S. companies and individuals by the Bureau of Economic Analysis.
Historical Context
Policymakers and analysts monitor this trend to understand the flow of services trade and its impact on the broader U.S. economy.
Key Facts
- Imports of insurance services were $60.4 billion in 2020.
- Insurance services account for about 15% of total U.S. services imports.
- The U.S. runs a trade surplus in insurance services.
FAQs
Q: What does this economic trend measure?
A: The Imports of Services: Insurance services trend measures the dollar value of insurance services imported into the United States, including both life and property/casualty insurance.
Q: Why is this trend relevant for users or analysts?
A: This trend is important for understanding the overall U.S. services trade balance and the flow of insurance-related services between the U.S. and other countries.
Q: How is this data collected or calculated?
A: The data is collected through surveys of U.S. companies and individuals by the Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this trend to assess the health of the U.S. services trade and its broader economic implications.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of several months.
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Citation
U.S. Federal Reserve, Imports of Services: Insurance services (IEAMSI), retrieved from FRED.