Insurance and Financial Services (As % of Service Imports, BoP) in Belize

Source: World Bank
Last Updated: January 1, 2021

Insurance and financial services as a percentage of service imports from the balance of payment reached 19.9 % in 2018 in Belize, according to the National Central Bank / OECD. This is 4.71 % less than in the previous year.

Historically, insurance and financial services as a percentage of service imports from the balance of payment in Belize reached an all time high of 24.7 % in 2007 and an all time low of 3.34 % in 1993. When compared to Belize's main peers, insurance and financial services as a percentage of service imports from the balance of payment in Guatemala amounted to 14.4 %, 7.02 % in Honduras, 21.8 % in Mexico and 14.8 % in USA in 2018.

Belize has been ranked 9th within the group of 158 countries we follow in terms of insurance and financial services as a percentage of service imports from the balance of payment, 3 places above the position seen 10 years ago.

Insurance and financial services (% of service imports, BoP) cover various types of insurance provided to residents by non-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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