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

Insurance and financial services as a percentage of service exports from the balance of payment reached 10.2 % in 2016 in Peru, according to the National Central Bank / OECD. This is 43 % less 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 0.621 %, 4.57 % in Brazil, 5.22 % in Chile and 0.912 % in Colombia in 2016.

Peru has been ranked 27th 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, 10 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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