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

Insurance and financial services as a percentage of service exports from the balance of payment reached 2.62 % in 2017 in Guatemala, according to the National Central Bank / OECD. This is 55.6 % more than in the previous year.

Historically, insurance and financial services as a percentage of service exports from the balance of payment in Guatemala reached an all time high of 9.99 % in 1981 and an all time low of 0.323 % in 1986. When compared to Guatemala's main peers, insurance and financial services as a percentage of service exports from the balance of payment in Belize amounted to 0.962 %, 3.81 % in El Salvador, 0.132 % in Honduras and 0.398 % in Nicaragua in 2017.

Guatemala has been ranked 73rd 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, 12 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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