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

Insurance and financial services as a percentage of service imports from the balance of payment reached 11.0 % in 2017 in Costa Rica, according to the National Central Bank / OECD. This is 3.43 % less than in the previous year.

Historically, insurance and financial services as a percentage of service imports from the balance of payment in Costa Rica reached an all time high of 16.7 % in 2000 and an all time low of 2.30 % in 1991. When compared to Costa Rica's main peers, insurance and financial services as a percentage of service imports from the balance of payment in Guatemala amounted to 16.4 %, 7.24 % in Honduras, 7.92 % in Nicaragua and 15.8 % in Panama in 2017.

Costa Rica has been ranked 32nd within the group of 155 countries we follow in terms of insurance and financial services as a percentage of service imports from the balance of payment, 15 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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