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

Insurance and financial services as a percentage of service exports from the balance of payment reached 0.131 % in 2016 in Honduras, according to the National Central Bank / OECD. This is 1.28 % less than in the previous year.

Historically, insurance and financial services as a percentage of service exports from the balance of payment in Honduras reached an all time high of 23.4 % in 1979 and an all time low of 0.006 % in 2012. When compared to Honduras's main peers, insurance and financial services as a percentage of service exports from the balance of payment in Belize amounted to 0.663 %, 1.68 % in Guatemala, 11.0 % in Mexico and 15.3 % in USA in 2016.

Honduras has been ranked 149th 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, 43 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.

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