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

Insurance and financial services as a percentage of service imports from the balance of payment reached 14.4 % in 2018 in Guatemala, according to the National Central Bank / OECD. This is 5.87 % more than in the previous year.

Historically, insurance and financial services as a percentage of service imports from the balance of payment in Guatemala reached an all time high of 14.6 % in 2017 and an all time low of 2.77 % in 1978. When compared to Guatemala's main peers, insurance and financial services as a percentage of service imports from the balance of payment in Belize amounted to 19.9 %, 18.4 % in El Salvador, 7.02 % in Honduras and 11.2 % in Nicaragua in 2018.

Guatemala has been ranked 19th 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, 12 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.