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

Source: World Bank
Last Updated: Apr 1, 2021

Insurance and financial services as a percentage of service imports from the balance of payment reached 6.52 % in 2017 in Guyana, according to the National Central Bank / OECD. This is 5.22 % less than in the previous year.

Historically, insurance and financial services as a percentage of service imports from the balance of payment in Guyana reached an all time high of 15.4 % in 2003 and an all time low of 3.13 % in 1995. When compared to Guyana's main peers, insurance and financial services as a percentage of service imports from the balance of payment in Brazil amounted to 2.93 %, 4.59 % in Suriname and 9.73 % in Trinidad and Tobago in 2017.

Guyana has been ranked 76th within the group of 161 countries we follow in terms of insurance and financial services as a percentage of service imports from the balance of payment, 27 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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