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

Insurance and financial services as a percentage of service imports from the balance of payment reached 7.92 % in 2017 in Nicaragua, according to the National Central Bank / OECD. This is 20.4 % less than in the previous year.

Historically, insurance and financial services as a percentage of service imports from the balance of payment in Nicaragua reached an all time high of 10.7 % in 2015 and an all time low of -26.9 % in 1978. When compared to Nicaragua'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 %, 18.4 % in El Salvador, 7.24 % in Honduras and 19.0 % in Mexico in 2017.

Nicaragua has been ranked 57th 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, 20 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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