Insurance and financial services in Guatemala
Guatemala: Insurance and financial services was 4.6% in 2024. ◆ Volatile
Insurance and financial services in Guatemala, 1977–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of service exports, BoP.
Analysis
The most recent figure for insurance and financial services in Guatemala is 4.6%, measured in 2024.
Compared with earlier readings it is down 1.7% on the previous year and up 54.9% over ten years.
Over the whole period, insurance and financial services in Guatemala peaked at 10.0% in 1981 and was at its lowest, 0.3%, in 1986.
Guatemala ranks 69th of 190 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Insurance and financial services in Guatemala, year by year
| Year | % of service exports, BoP | Change |
|---|---|---|
| 1977 | 6.5% | — |
| 1978 | 5.7% | -13.0% |
| 1979 | 4.1% | -28.1% |
| 1980 | 5.4% | +32.6% |
| 1981 | 10.0% | +85.1% |
| 1982 | 8.6% | -14.4% |
| 1983 | 2.6% | -69.4% |
| 1984 | 5.6% | +115.1% |
| 1985 | 0.7% | -87.7% |
| 1986 | 0.3% | -53.3% |
| 1987 | 0.4% | +17.2% |
| 1988 | 1.0% | +169.5% |
| 1989 | 2.3% | +123.6% |
| 1990 | 1.7% | -25.0% |
| 1991 | 1.2% | -30.0% |
| 1992 | 1.9% | +61.7% |
| 1993 | 0.7% | -64.1% |
| 1994 | 0.8% | +9.1% |
| 1995 | 3.0% | +298.4% |
| 1996 | 4.6% | +52.8% |
| 1997 | 1.6% | -66.0% |
| 1998 | 3.3% | +112.4% |
| 1999 | 3.7% | +9.5% |
| 2000 | 2.1% | -43.1% |
| 2001 | 2.7% | +29.8% |
| 2002 | 3.7% | +38.1% |
| 2003 | 4.3% | +15.4% |
| 2004 | 1.6% | -61.8% |
| 2005 | 1.5% | -11.2% |
| 2006 | 1.8% | +22.6% |
| 2007 | 2.0% | +14.2% |
| 2008 | 2.6% | +29.0% |
| 2009 | 2.2% | -15.2% |
| 2010 | 2.6% | +17.4% |
| 2011 | 2.6% | -0.5% |
| 2012 | 2.7% | +2.8% |
| 2013 | 3.2% | +20.4% |
| 2014 | 2.9% | -9.1% |
| 2015 | 3.6% | +22.6% |
| 2016 | 3.9% | +6.8% |
| 2017 | 3.9% | +0.9% |
| 2018 | 3.6% | -7.8% |
| 2019 | 4.6% | +29.1% |
| 2020 | 7.2% | +56.0% |
| 2021 | 7.0% | -2.4% |
| 2022 | 4.9% | -30.7% |
| 2023 | 4.6% | -5.0% |
| 2024 | 4.6% | -1.7% |
Guatemala compared with similar countries
- Guatemala's 4.6% is above the median for upper middle income countries, which is 1.8%, 2.5× the median. (53 countries reporting)
- Guatemala's 4.6% is above the median for Latin America & Caribbean, which is 2.7%, 1.7× the median. (35 countries reporting)
Biggest year-on-year movements
Years where Insurance and financial services in Guatemala changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1995 | +298.4% | 0.8% | 3.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 5.4% | 4.1% | 6.5% | 3 |
| 1980s | 3.7% | 0.3% | 10.0% | 10 |
| 1990s | 2.3% | 0.7% | 4.6% | 10 |
| 2000s | 2.5% | 1.5% | 4.3% | 10 |
| 2010s | 3.4% | 2.6% | 4.6% | 10 |
| 2020s | 5.7% | 4.6% | 7.2% | 5 |
Countries ranked near Guatemala
More economy & growth data for Guatemala
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 2.43 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 3.86 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps 865.22 million BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0076 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita 47.01 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 1.85 billion BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual 11.98 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0163 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 100.4 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate 34.17 % change on previous year (2025)
Frequently asked questions
- What is insurance and financial services in Guatemala?
- Insurance and financial services in Guatemala was 4.6% in 2024, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest insurance and financial services recorded in Guatemala?
- The highest recorded value was 10.0% in 1981.
- What is the lowest insurance and financial services recorded in Guatemala?
- The lowest recorded value was 0.3% in 1986.
- How does Guatemala rank for insurance and financial services?
- Guatemala ranks 69th out of 190 countries with data for 2024.
- Is insurance and financial services rising or falling in Guatemala?
- Over the last ten years it is up 54.9%. The long-run trend across the full record is volatile.
- Where does this Guatemala data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Insurance and financial services (% of service exports, BoP). Statizoid updates them automatically from the source API.
Download this data
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About this data
Insurance and financial services cover various types of insurance provided to nonresidents by resident insurance enterprises and vice versa, and financial intermediary and auxiliary services (except those of insurance enterprises and pension funds) exchanged between residents and nonresidents. This indicator is expressed as a percentage of service exports which are services provided by residents to non-residents.