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

Source: World Bank
Last Updated: January 1, 2021

Insurance and financial services as a percentage of service exports from the balance of payment reached 0.448 % in 2018 in Bolivia, according to the National Central Bank / OECD. This is 2.61 % more than in the previous year.

Historically, insurance and financial services as a percentage of service exports from the balance of payment in Bolivia reached an all time high of 18.4 % in 1999 and an all time low of 0.205 % in 2014. When compared to Bolivia's main peers, insurance and financial services as a percentage of service exports from the balance of payment in Brazil amounted to 3.70 %, 5.20 % in Chile, 2.43 % in Paraguay and 10.7 % in Peru in 2018.

Bolivia has been ranked 136th within the group of 153 countries we follow in terms of insurance and financial services as a percentage of service exports from the balance of payment, 108 places behind 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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