Insurance and financial services in Nicaragua
Nicaragua: Insurance and financial services was 16.3% 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 imports.
Analysis
Nicaragua recorded 16.3% for insurance and financial services in 2024.
That represents a change of down 1.1% on the previous year and up 49.4% over ten years.
Over the whole period, insurance and financial services in Nicaragua peaked at 18.0% in 2020 and was at its lowest, -28.6%, in 1978.
Nicaragua ranks 17th of 197 countries on this measure, 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 commercial service imports | Change |
|---|---|---|
| 1977 | 6.0% | — |
| 1978 | -28.6% | -580.0% |
| 1979 | 8.0% | -128.1% |
| 1980 | 5.9% | -26.8% |
| 1981 | 3.8% | -35.2% |
| 1982 | 5.1% | +33.1% |
| 1983 | 7.2% | +42.7% |
| 1984 | 6.2% | -14.7% |
| 1985 | 5.6% | -8.9% |
| 1986 | 4.7% | -16.3% |
| 1987 | 5.2% | +9.7% |
| 1988 | 5.8% | +12.0% |
| 1989 | 9.5% | +63.7% |
| 1990 | 7.9% | -16.6% |
| 1991 | 7.3% | -7.6% |
| 1992 | 5.3% | -27.8% |
| 1993 | 4.6% | -12.6% |
| 1994 | 3.9% | -15.7% |
| 1995 | 3.3% | -15.7% |
| 1996 | 3.3% | +2.0% |
| 1997 | 2.5% | -24.9% |
| 1998 | 2.7% | +8.5% |
| 1999 | 3.7% | +34.6% |
| 2000 | 7.5% | +103.8% |
| 2001 | 8.4% | +12.7% |
| 2002 | 11.0% | +30.9% |
| 2003 | 8.1% | -26.7% |
| 2004 | 10.2% | +25.7% |
| 2005 | 9.6% | -5.4% |
| 2006 | 8.8% | -8.4% |
| 2007 | 8.9% | +0.8% |
| 2008 | 8.2% | -7.4% |
| 2009 | 8.9% | +8.7% |
| 2010 | 10.3% | +14.8% |
| 2011 | 9.9% | -3.2% |
| 2012 | 9.6% | -3.5% |
| 2013 | 8.8% | -8.3% |
| 2014 | 10.9% | +23.9% |
| 2015 | 11.4% | +4.5% |
| 2016 | 10.7% | -6.1% |
| 2017 | 8.6% | -19.7% |
| 2018 | 11.5% | +33.9% |
| 2019 | 12.5% | +8.2% |
| 2020 | 18.0% | +44.8% |
| 2021 | 16.7% | -7.5% |
| 2022 | 15.1% | -9.2% |
| 2023 | 16.5% | +8.7% |
| 2024 | 16.3% | -1.1% |
Nicaragua compared with similar countries
- Nicaragua's 16.3% is above the median for lower middle income countries, which is 6.5%, 2.5× the median. (47 countries reporting)
- Nicaragua's 16.3% 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 | -580.0% | 6.0% | -28.6% |
| 1979 | +128.1% | -28.6% | 8.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | -4.9% | -28.6% | 8.0% | 3 |
| 1980s | 5.9% | 3.8% | 9.5% | 10 |
| 1990s | 4.5% | 2.5% | 7.9% | 10 |
| 2000s | 9.0% | 7.5% | 11.0% | 10 |
| 2010s | 10.4% | 8.6% | 12.5% | 10 |
| 2020s | 16.5% | 15.1% | 18.0% | 5 |
Countries ranked near Nicaragua
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 16.3% 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 18.0% in 2020.
- What is the lowest insurance and financial services recorded in Nicaragua?
- The lowest recorded value was -28.6% 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 49.4%. 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 imports). 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 imports which are commercial services provided by non-residents to residents.