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

Insurance and financial services as a percentage of service exports from the balance of payment reached 3.96 % in 2017 in Brazil, according to the National Central Bank / OECD. This is 13.3 % less than in the previous year.

Historically, insurance and financial services as a percentage of service exports from the balance of payment in Brazil reached an all time high of 16.5 % in 1995 and an all time low of 1.49 % in 1987. When compared to Brazil's main peers, insurance and financial services as a percentage of service exports from the balance of payment in Bolivia amounted to 0.233 % and 18.0 % in Peru in 2017.

Brazil has been ranked 53rd within the group of 149 countries we follow in terms of insurance and financial services as a percentage of service exports from the balance of payment, 23 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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