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

Source: World Bank
Last Updated: Oct 1, 2021

Insurance and financial services as a percentage of service exports from the balance of payment reached 0.689 % in 2020 in Nicaragua, according to the National Central Bank / OECD. This is 46.8 % 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 % in. When compared to Nicaragua's main peers, insurance and financial services as a percentage of service exports from the balance of payment in El Salvador amounted to 4.63 % and 21.0 % in Mexico in 2020.

Nicaragua has been ranked 84th within the group of 94 countries we follow in terms of insurance and financial services as a percentage of service exports from the balance of payment, 49 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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