Insurance and financial services in Guatemala
Guatemala: Insurance and financial services was 4.7% 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 commercial service exports.
Analysis
Guatemala recorded 4.7% for insurance and financial services in 2024.
Compared with earlier readings it is down 1.4% on the previous year and up 51.8% over ten years.
Over the whole period, insurance and financial services in Guatemala peaked at 14.0% in 1981 and was at its lowest, 0.4%, in 1986.
That places Guatemala 70th out of 190 countries with data for 2024, putting it 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 commercial service exports | Change |
|---|---|---|
| 1977 | 7.8% | — |
| 1978 | 7.1% | -8.6% |
| 1979 | 4.9% | -30.8% |
| 1980 | 6.7% | +37.1% |
| 1981 | 14.0% | +107.8% |
| 1982 | 13.2% | -5.7% |
| 1983 | 4.9% | -62.6% |
| 1984 | 8.8% | +78.6% |
| 1985 | 1.4% | -84.6% |
| 1986 | 0.4% | -68.2% |
| 1987 | 0.4% | +3.8% |
| 1988 | 1.5% | +231.6% |
| 1989 | 3.1% | +108.5% |
| 1990 | 1.9% | -37.2% |
| 1991 | 1.3% | -33.1% |
| 1992 | 2.1% | +57.5% |
| 1993 | 0.7% | -64.2% |
| 1994 | 0.8% | +9.4% |
| 1995 | 3.2% | +294.2% |
| 1996 | 4.8% | +51.0% |
| 1997 | 1.7% | -65.1% |
| 1998 | 3.6% | +113.8% |
| 1999 | 3.8% | +7.5% |
| 2000 | 2.2% | -41.9% |
| 2001 | 2.9% | +30.1% |
| 2002 | 4.0% | +37.3% |
| 2003 | 4.6% | +16.4% |
| 2004 | 1.8% | -61.5% |
| 2005 | 1.6% | -12.3% |
| 2006 | 1.9% | +23.3% |
| 2007 | 2.2% | +13.3% |
| 2008 | 2.8% | +29.0% |
| 2009 | 2.4% | -16.6% |
| 2010 | 2.7% | +16.6% |
| 2011 | 2.7% | -0.1% |
| 2012 | 2.8% | +2.5% |
| 2013 | 3.4% | +19.6% |
| 2014 | 3.1% | -8.5% |
| 2015 | 3.8% | +22.2% |
| 2016 | 4.0% | +6.4% |
| 2017 | 4.0% | +0.3% |
| 2018 | 3.7% | -8.0% |
| 2019 | 4.7% | +28.3% |
| 2020 | 7.4% | +57.4% |
| 2021 | 7.3% | -2.6% |
| 2022 | 5.0% | -31.2% |
| 2023 | 4.7% | -5.2% |
| 2024 | 4.7% | -1.4% |
Guatemala compared with similar countries
- Guatemala's 4.7% is above the median for upper middle income countries, which is 1.9%, 2.5× the median. (53 countries reporting)
- Guatemala's 4.7% 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 | +294.2% | 0.8% | 3.2% |
| 1988 | +231.6% | 0.4% | 1.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 6.6% | 4.9% | 7.8% | 3 |
| 1980s | 5.5% | 0.4% | 14.0% | 10 |
| 1990s | 2.4% | 0.7% | 4.8% | 10 |
| 2000s | 2.6% | 1.6% | 4.6% | 10 |
| 2010s | 3.5% | 2.7% | 4.7% | 10 |
| 2020s | 5.8% | 4.7% | 7.4% | 5 |
Countries ranked near Guatemala
More private sector data for Guatemala
- Merchandise trade 40.7% (2025)
- Food imports 17.4% (2024)
- Manufactures imports 64.4% (2024)
- Merchandise imports 34.61 billion current US$ (2025)
- Food exports 47.5% (2024)
- Manufactures exports 45.9% (2024)
- Merchandise exports 15.56 billion current US$ (2025)
- Merchandise exports (current US$), per capita 832.52 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.1262 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate 6.55 % change on previous year (2025)
Frequently asked questions
- What is insurance and financial services in Guatemala?
- Insurance and financial services in Guatemala was 4.7% 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 14.0% in 1981.
- What is the lowest insurance and financial services recorded in Guatemala?
- The lowest recorded value was 0.4% in 1986.
- How does Guatemala rank for insurance and financial services?
- Guatemala ranks 70th 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 51.8%. 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 commercial service exports). Statizoid updates them automatically from the source API.
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About this data
Financial services covers services related to financial intermediation, financial risk management, liquidity transformation or auxiliary financial activities. It also includes insurance and pension scheme services which are services related to providing life insurance and annuities, non-life insurance, reinsurance, pensions, standardised guarantees and auxiliary services to insurance, pension schemes, and standardised guarantee schemes. This indicator is expressed as a percentage of service exports which are commercial services provided by residents to non-residents.