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

Source: World Bank
Last Updated: January 1, 2021

Insurance and financial services as a percentage of service imports from the balance of payment reached 7.02 % in 2018 in Honduras, according to the National Central Bank / OECD. This is 2.13 % less than in the previous year.

Historically, insurance and financial services as a percentage of service imports from the balance of payment in Honduras reached an all time high of 16.6 % in 1984 and an all time low of 0.697 % in 1999. When compared to Honduras's main peers, insurance and financial services as a percentage of service imports from the balance of payment in Belize amounted to 19.9 %, 14.4 % in Guatemala, 21.8 % in Mexico and 14.8 % in USA in 2018.

Honduras has been ranked 63rd 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, 6 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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