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

Source: World Bank
Last Updated: January 1, 2021

Insurance and financial services as a percentage of service imports from the balance of payment reached 5.96 % in 2018 in Bolivia, according to the National Central Bank / OECD. This is 11.1 % less than in the previous year.

Historically, insurance and financial services as a percentage of service imports from the balance of payment in Bolivia reached an all time high of 24.2 % in 2002 and an all time low of 4.95 % in 2016. When compared to Bolivia's main peers, insurance and financial services as a percentage of service imports from the balance of payment in Brazil amounted to 2.65 %, 8.57 % in Chile, 7.37 % in Paraguay and 12.9 % in Peru in 2018.

Bolivia has been ranked 76th 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, 56 places behind 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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