U.S. Imports of Services: Insurance Services
ITMINSM133S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8,541.00
Year-over-Year Change
5.68%
Date Range
1/1/1999 - 6/1/2025
Summary
The 'U.S. Imports of Services: Insurance Services' trend tracks the value of insurance services imported into the United States. This metric is important for understanding the nation's trade balance and cross-border economic activity.
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
This data series measures the dollar value of insurance-related services imported into the U.S. economy. It includes premiums, claims, and auxiliary insurance services from foreign providers. The trend is used by economists and policymakers to assess the broader trade in services.
Methodology
The data is collected by the U.S. Bureau of Economic Analysis through surveys of international transactions.
Historical Context
Monitoring imports of insurance services provides insight into the competitiveness of the domestic insurance industry and capital flows.
Key Facts
- Insurance services account for about 10% of total U.S. service imports.
- Imports of insurance services have grown over 50% in the past decade.
- The U.S. runs a trade surplus in insurance services with the rest of the world.
FAQs
Q: What does this economic trend measure?
A: This data series tracks the dollar value of insurance-related services imported into the United States, including premiums, claims, and auxiliary insurance activities.
Q: Why is this trend relevant for users or analysts?
A: Monitoring imports of insurance services provides insight into the competitiveness of the domestic insurance industry and cross-border capital flows, which is important for understanding the nation's trade balance and economic performance.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Economic Analysis through surveys of international transactions.
Q: How is this trend used in economic policy?
A: This metric is used by economists and policymakers to assess the broader trade in services and the competitiveness of the U.S. insurance industry on global markets.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag of approximately two to three months.
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Citation
U.S. Federal Reserve, U.S. Imports of Services: Insurance Services (ITMINSM133S), retrieved from FRED.