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

Insurance and financial services as a percentage of service imports from the balance of payment reached 18.4 % in 2017 in El Salvador, according to the National Central Bank / OECD. This is 11.5 % more than in the previous year.

Historically, insurance and financial services as a percentage of service imports from the balance of payment in El Salvador reached an all time high of 20.4 % in 2014 and an all time low of 6.75 % in 1996. When compared to El Salvador's main peers, insurance and financial services as a percentage of service imports from the balance of payment in Costa Rica amounted to 11.0 %, 16.4 % in Guatemala, 7.24 % in Honduras and 7.92 % in Nicaragua in 2017.

El Salvador has been ranked 8th 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, 19 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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