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

Source: World Bank
Last Updated: Oct 1, 2021

Insurance and financial services as a percentage of service exports from the balance of payment reached 0.970 % in 2018 in Costa Rica, according to the National Central Bank / OECD. This is 3.97 % more 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 % in. 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 3.59 %, 0.112 % in Honduras, 0.469 % in Nicaragua and 9.85 % in Panama in 2018.

Costa Rica has been ranked 120th within the group of 155 countries we follow in terms of insurance and financial services as a percentage of service exports from the balance of payment, 18 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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