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

Source: World Bank
Last Updated: Apr 1, 2021

Insurance and financial services as a percentage of service exports from the balance of payment reached 0.477 % in 2018 in Nicaragua, according to the National Central Bank / OECD. This is 1.47 % more than in the previous year.

Historically, insurance and financial services as a percentage of service exports from the balance of payment in Nicaragua reached an all time high of 1.62 % in 1995 and an all time low of 0.120 % in 1977. When compared to Nicaragua's main peers, insurance and financial services as a percentage of service exports from the balance of payment in Costa Rica amounted to 0.966 %, 3.43 % in El Salvador, 0.112 % in Honduras and 12.5 % in Mexico in 2018.

Nicaragua has been ranked 135th within the group of 153 countries we follow in terms of insurance and financial services as a percentage of service exports from the balance of payment, 6 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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