Insurance and financial services in Nicaragua
Nicaragua: Insurance and financial services was 15.9% in 2024. ◆ Volatile
Insurance and financial services in Nicaragua, 1977–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of service imports, BoP.
Analysis
Nicaragua recorded 15.9% for insurance and financial services in 2024.
Compared with earlier readings it is down 0.1% on the previous year and up 53.7% over ten years.
Over the whole period, insurance and financial services in Nicaragua peaked at 17.5% in 2020 and was at its lowest, -26.9%, in 1978.
That places Nicaragua 17th out of 197 countries with data for 2024, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Insurance and financial services in Nicaragua, year by year
| Year | % of service imports, BoP | Change |
|---|---|---|
| 1977 | 5.7% | — |
| 1978 | -26.9% | -568.5% |
| 1979 | 6.5% | -124.0% |
| 1980 | 5.2% | -19.5% |
| 1981 | 3.4% | -35.5% |
| 1982 | 4.1% | +20.9% |
| 1983 | 5.7% | +40.3% |
| 1984 | 5.1% | -10.4% |
| 1985 | 5.6% | +10.4% |
| 1986 | 4.7% | -16.3% |
| 1987 | 5.2% | +9.7% |
| 1988 | 5.8% | +12.0% |
| 1989 | 4.6% | -20.3% |
| 1990 | 5.2% | +11.9% |
| 1991 | 4.1% | -20.4% |
| 1992 | 4.1% | +0.0% |
| 1993 | 3.1% | -23.9% |
| 1994 | 3.6% | +14.6% |
| 1995 | 3.1% | -14.0% |
| 1996 | 3.2% | +2.6% |
| 1997 | 2.4% | -24.8% |
| 1998 | 2.6% | +8.2% |
| 1999 | 3.5% | +35.7% |
| 2000 | 7.1% | +103.9% |
| 2001 | 8.0% | +12.6% |
| 2002 | 10.4% | +30.0% |
| 2003 | 7.6% | -27.3% |
| 2004 | 9.6% | +26.3% |
| 2005 | 9.1% | -5.0% |
| 2006 | 8.4% | -7.5% |
| 2007 | 8.5% | +0.7% |
| 2008 | 7.9% | -7.2% |
| 2009 | 8.5% | +7.9% |
| 2010 | 9.8% | +15.6% |
| 2011 | 9.5% | -3.0% |
| 2012 | 9.1% | -4.4% |
| 2013 | 8.4% | -7.4% |
| 2014 | 10.4% | +23.2% |
| 2015 | 10.9% | +4.9% |
| 2016 | 10.2% | -6.7% |
| 2017 | 8.2% | -19.2% |
| 2018 | 11.0% | +34.4% |
| 2019 | 11.8% | +6.7% |
| 2020 | 17.5% | +48.3% |
| 2021 | 16.3% | -6.8% |
| 2022 | 14.8% | -8.8% |
| 2023 | 16.0% | +7.7% |
| 2024 | 15.9% | -0.1% |
Nicaragua compared with similar countries
- Nicaragua's 15.9% is above the median for lower middle income countries, which is 6.5%, 2.5× the median. (47 countries reporting)
- Nicaragua's 15.9% is above the median for Latin America & Caribbean, which is 10.1%, 1.6× the median. (37 countries reporting)
Biggest year-on-year movements
Years where Insurance and financial services in Nicaragua 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 |
|---|---|---|---|
| 1978 | -568.5% | 5.7% | -26.9% |
| 1979 | +124.0% | -26.9% | 6.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | -4.9% | -26.9% | 6.5% | 3 |
| 1980s | 4.9% | 3.4% | 5.8% | 10 |
| 1990s | 3.5% | 2.4% | 5.2% | 10 |
| 2000s | 8.5% | 7.1% | 10.4% | 10 |
| 2010s | 9.9% | 8.2% | 11.8% | 10 |
| 2020s | 16.1% | 14.8% | 17.5% | 5 |
Countries ranked near Nicaragua
More economy & growth data for Nicaragua
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 2.29 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 3.5 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps 73.80 million BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0037 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita 10.67 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 1.35 billion BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual 21.4 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0687 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 195.53 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate 36.36 % change on previous year (2025)
Frequently asked questions
- What is insurance and financial services in Nicaragua?
- Insurance and financial services in Nicaragua was 15.9% 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 Nicaragua?
- The highest recorded value was 17.5% in 2020.
- What is the lowest insurance and financial services recorded in Nicaragua?
- The lowest recorded value was -26.9% in 1978.
- How does Nicaragua rank for insurance and financial services?
- Nicaragua ranks 17th out of 197 countries with data for 2024.
- Is insurance and financial services rising or falling in Nicaragua?
- Over the last ten years it is up 53.7%. The long-run trend across the full record is volatile.
- Where does this Nicaragua 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 imports, 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 imports which are services provided by non-residents to residents.