Insurance and financial services as a percentage of service imports from the balance of payment rose 4.46% to 1.16% in Guyana in 2023, according to the National Central Bank / OECD.
Historically, insurance and financial services as a percentage of service imports from the balance of payment in Guyana reached an all time high of 15.4% in 2003 and an all time low of 1.11% in 2022.
Guyana has been ranked 144th within the group of 149 countries we follow in terms of insurance and financial services as a percentage of service imports from the balance of payment, 115 places below the position seen 10 years ago.
Insurance and Financial Services (As % of Service Imports, BoP) | Unit | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
Bolivia | % | 5.96% | 6.13% | 10.4% | 6.88% | 7.95% | ... | |||||||||||||||
Brazil | % | 2.57% | 3.15% | 3.86% | 4.53% | 3.64% | ||||||||||||||||
Colombia | % | 14.4% | 15.9% | 25.5% | 19.5% | 10.4% | ||||||||||||||||
Guyana | % | 6.06% | 5.36% | 2.18% | 3.41% | 1.11% | ... | |||||||||||||||
Peru | % | 8.82% | 8.61% | 11.0% | 8.39% | 8.16% | ||||||||||||||||
Puerto Rico | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... |
Suriname | % | ... | 4.73% | 3.05% | 4.47% | 5.68% | 4.40% | |||||||||||||||
Trinidad and Tobago | % | 13.2% | 15.3% | 22.2% | 18.1% | 36.9% | ||||||||||||||||
Venezuela | % | ... | ... | ... | ... | ... | ... | ... | ... |