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

Insurance and financial services as a percentage of service exports from the balance of payment reached 1.06 % in 2017 in Costa Rica, according to the National Central Bank / OECD. This is 2.33 % less than in the previous year.

Historically, insurance and financial services as a percentage of service exports from the balance of payment in Costa Rica reached an all time high of 1.42 % in 1991 and an all time low of -0.142 % in 1995. When compared to Costa Rica's main peers, insurance and financial services as a percentage of service exports from the balance of payment in Guatemala amounted to 2.62 %, 0.132 % in Honduras, 0.398 % in Nicaragua and 11.1 % in Panama in 2017.

Costa Rica has been ranked 111th 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 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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