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

Insurance and financial services as a percentage of service imports from the balance of payment reached 8.75 % in 2016 in Paraguay, according to the National Central Bank / OECD. This is 12.3 % more than in the previous year.

Historically, insurance and financial services as a percentage of service imports from the balance of payment in Paraguay reached an all time high of 15.9 % in 2005 and an all time low of 4.23 % in 1982. When compared to Paraguay's main peers, insurance and financial services as a percentage of service imports from the balance of payment in Argentina amounted to 2.93 %, 4.95 % in Bolivia, 3.49 % in Brazil and 8.65 % in Chile in 2016.

Paraguay has been ranked 56th within the group of 160 countries we follow in terms of insurance and financial services as a percentage of service imports from the balance of payment, 35 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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