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

Insurance and financial services as a percentage of service imports from the balance of payment reached 13.7 % in 2016 in Trinidad and Tobago, according to the National Central Bank / OECD. This is 8.24 % more than in the previous year.

Historically, insurance and financial services as a percentage of service imports from the balance of payment in Trinidad and Tobago reached an all time high of 20.7 % in 2012 and an all time low of 0.026 % in 2000. When compared to Trinidad and Tobago's main peers, insurance and financial services as a percentage of service imports from the balance of payment in Guyana amounted to 17.2 %, 6.50 % in Suriname and 3.82 % in Venezuela in 2016.

Trinidad and Tobago has been ranked 24th 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, 130 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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