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

Source: World Bank
Last Updated: Oct 1, 2021

Insurance and financial services as a percentage of service exports from the balance of payment reached 4.43 % in 2020 in Ecuador, according to the National Central Bank / OECD. This is 101 % more than in the previous year.

Historically, insurance and financial services as a percentage of service exports from the balance of payment in Ecuador reached an all time high of 27.0 % in 1978 and an all time low of % in. When compared to Ecuador's main peers, insurance and financial services as a percentage of service exports from the balance of payment in Brazil amounted to 4.95 % and 1.95 % in Colombia in 2020.

Ecuador has been ranked 42nd within the group of 94 countries we follow in terms of insurance and financial services as a percentage of service exports from the balance of payment.

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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