Insurance and Financial Services (As % of Service Exports, BoP) in Belize

Insurance and financial services as a percentage of service exports from the balance of payment reached 0.663 % in 2016 in Belize, according to the National Central Bank / OECD. This is 31 % less than in the previous year.

Historically, insurance and financial services as a percentage of service exports from the balance of payment in Belize reached an all time high of 2.00 % in 2010 and an all time low of 0.039 % in 2002. When compared to Belize's main peers, insurance and financial services as a percentage of service exports from the balance of payment in Guatemala amounted to 1.68 %, 0.131 % in Honduras, 11.0 % in Mexico and 15.3 % in USA in 2016.

Belize has been ranked 130th within the group of 154 countries we follow in terms of insurance and financial services as a percentage of service exports from the balance of payment, 7 places above the position seen 10 years ago.

Insurance and financial services cover various types of insurance provided to non-residents by resident insurance enterprises and vice versa, and financial intermediary and auxiliary services (except those of insurance enterprises and pension funds) exchanged between residents and non-residents.

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