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

Insurance and financial services as a percentage of service exports from the balance of payment reached 8.80 % in 2019 in Guyana, according to the National Central Bank / OECD. This is 5.97 % less than in the previous year.

Historically, insurance and financial services as a percentage of service exports from the balance of payment in Guyana reached an all time high of 15.0 % in 2015 and an all time low of % in. When compared to Guyana's main peers, insurance and financial services as a percentage of service exports from the balance of payment in Brazil amounted to 5.77 %, 2.40 % in Suriname and 12.4 % in Trinidad and Tobago in 2019.

Guyana has been ranked 31st within the group of 146 countries we follow in terms of insurance and financial services as a percentage of service exports from the balance of payment, 10 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.