The share of insurance and financial services in Brazil's service imports has shown fluctuation between 2013 and 2023. In 2023, this share stood at 3.79%. Over the last two years, there was a year-on-year increase of 4.3% from 2021 to 2022 and a subsequent slight increase of 2.43% from 2022 to 2023. The Compound Annual Growth Rate (CAGR) for the period 2018 to 2023 was 6.59%.
Future forecasts suggest a steady increase with a 0.21% CAGR from 2024 to 2028, and an overall growth rate of 1.07% over the same period. By 2028, the share is expected to reach 3.84%.
Future trends to watch for:
- Technological advancements in the fintech sector.
- Regulatory changes affecting the financial services landscape.
- Economic conditions influencing service import dynamics.
- The impact of global economic integration on Brazil's financial services import share.
