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

Source: World Bank
Last Updated: Apr 1, 2021

Insurance and financial services as a percentage of service exports from the balance of payment reached 3.12 % in 2018 in Suriname, according to the National Central Bank / OECD. This is 4.95 % more than in the previous year.

Historically, insurance and financial services as a percentage of service exports from the balance of payment in Suriname reached an all time high of 10.5 % in 2016 and an all time low of 0.328 % in 2005. When compared to Suriname's main peers, insurance and financial services as a percentage of service exports from the balance of payment in Brazil amounted to 3.70 %, 11.2 % in Guyana and 8.61 % in Trinidad and Tobago in 2018.

Suriname has been ranked 67th 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, 70 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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