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

Source: World Bank
Last Updated: January 1, 2021

Insurance and financial services as a percentage of service exports from the balance of payment reached 10.7 % in 2018 in Peru, according to the National Central Bank / OECD. This is 3.07 % more than in the previous year.

Historically, insurance and financial services as a percentage of service exports from the balance of payment in Peru reached an all time high of 20.9 % in 1998 and an all time low of 0.597 % in 1984. When compared to Peru's main peers, insurance and financial services as a percentage of service exports from the balance of payment in Bolivia amounted to 0.448 %, 3.70 % in Brazil, 5.20 % in Chile and 0.908 % in Colombia in 2018.

Peru has been ranked 28th 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, 2 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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