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

Source: World Bank
Last Updated: January 1, 2021

Insurance and financial services as a percentage of service imports from the balance of payment reached 11.2 % in 2018 in Nicaragua, according to the National Central Bank / OECD. This is 1.92 % 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 11.4 % in 2019 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 12.0 %, 18.4 % in El Salvador, 7.02 % in Honduras and 21.8 % in Mexico in 2018.

Nicaragua has been ranked 29th 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, 31 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.

$2.99

Buy Insurance and Financial Services (As % of Service Imports, BoP) data for Nicaragua.

from $199/month

Buy annual subscriptions for all our products.