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 8.33 % in 2016 in Guyana, according to the National Central Bank / OECD. This is 44.5 % 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 2.03 % in 1997. 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 4.57 %, 10.5 % in Suriname, 12.3 % in Trinidad and Tobago and 1.40 % in Venezuela in 2016.

Guyana has been ranked 35th within the group of 154 countries we follow in terms of insurance and financial services as a percentage of service exports from the balance of payment, 6 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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