Insurance and financial services in Nicaragua
Nicaragua: Insurance and financial services was 0.9% 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 commercial service exports.
Analysis
Nicaragua recorded 0.9% for insurance and financial services in 2024.
That represents a change of up 18.5% on the previous year and up 86.0% over ten years.
Over the whole period, insurance and financial services in Nicaragua peaked at 1.9% in 1995 and was at its lowest, 0.1%, in 1977.
That places Nicaragua 147th out of 190 countries with data for 2024, putting it in the bottom quarter.
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 commercial service exports | Change |
|---|---|---|
| 1977 | 0.1% | — |
| 1978 | 0.5% | +245.2% |
| 1979 | 0.4% | -14.0% |
| 1980 | 0.5% | +20.5% |
| 1981 | 0.5% | -1.0% |
| 1982 | 0.5% | +12.5% |
| 1983 | 0.6% | +3.4% |
| 1984 | 0.6% | +4.1% |
| 1985 | 0.5% | -13.0% |
| 1986 | 0.7% | +33.2% |
| 1987 | 0.7% | +0.0% |
| 1994 | 1.8% | +164.2% |
| 1995 | 1.9% | +7.1% |
| 1996 | 1.6% | -17.1% |
| 1997 | 1.5% | -2.8% |
| 1998 | 1.3% | -16.4% |
| 1999 | 1.1% | -17.3% |
| 2000 | 1.2% | +11.2% |
| 2001 | 1.0% | -17.7% |
| 2002 | 0.8% | -22.3% |
| 2003 | 0.6% | -14.8% |
| 2004 | 0.6% | -11.2% |
| 2005 | 0.6% | -1.5% |
| 2006 | 0.8% | +43.6% |
| 2007 | 0.8% | -6.6% |
| 2008 | 0.6% | -19.7% |
| 2009 | 0.7% | +22.4% |
| 2010 | 0.6% | -21.4% |
| 2011 | 0.4% | -26.3% |
| 2012 | 0.5% | +13.9% |
| 2013 | 0.5% | -1.0% |
| 2014 | 0.5% | +1.7% |
| 2015 | 0.5% | +4.3% |
| 2016 | 0.5% | -9.5% |
| 2017 | 0.4% | -9.7% |
| 2018 | 0.5% | +20.2% |
| 2019 | 0.5% | -0.6% |
| 2020 | 0.7% | +47.6% |
| 2021 | 0.8% | +2.8% |
| 2022 | 0.5% | -31.7% |
| 2023 | 0.8% | +49.0% |
| 2024 | 0.9% | +18.5% |
Nicaragua compared with similar countries
- Nicaragua's 0.9% is below the median for lower middle income countries, which is 1.8%, 53% of the median. (46 countries reporting)
- Nicaragua's 0.9% is below the median for Latin America & Caribbean, which is 2.7%, 34% of the median. (35 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 | +245.2% | 0.1% | 0.5% |
| 1994 | +164.2% | 0.7% | 1.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0.3% | 0.1% | 0.5% | 3 |
| 1980s | 0.6% | 0.5% | 0.7% | 8 |
| 1990s | 1.5% | 1.1% | 1.9% | 6 |
| 2000s | 0.8% | 0.6% | 1.2% | 10 |
| 2010s | 0.5% | 0.4% | 0.6% | 10 |
| 2020s | 0.7% | 0.5% | 0.9% | 5 |
Countries ranked near Nicaragua
- 144 Belarus 1.0% compare
- 145 Tanzania, United Republic of 0.9% compare
- 146 Solomon Islands 0.9% compare
- 148 Nepal 0.9% compare
- 149 Faroe Islands 0.8% compare
- 150 Morocco 0.8% compare
More private sector data for Nicaragua
- Merchandise trade 95.9% (2025)
- Food imports 16.6% (2024)
- Manufactures imports 68.6% (2024)
- Merchandise imports 12.43 billion current US$ (2025)
- Food exports 42.6% (2024)
- Manufactures exports 37.0% (2024)
- Merchandise exports 8.89 billion current US$ (2025)
- Merchandise exports (current US$), per capita 1,269 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.3999 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate 18.23 % change on previous year (2025)
Frequently asked questions
- What is insurance and financial services in Nicaragua?
- Insurance and financial services in Nicaragua was 0.9% 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 1.9% in 1995.
- What is the lowest insurance and financial services recorded in Nicaragua?
- The lowest recorded value was 0.1% in 1977.
- How does Nicaragua rank for insurance and financial services?
- Nicaragua ranks 147th out of 190 countries with data for 2024.
- Is insurance and financial services rising or falling in Nicaragua?
- Over the last ten years it is up 86.0%. 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 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.