Insurance and Financial Services (As % of Service Exports, BoP) in Bangladesh

Insurance and financial services as a percentage of service exports from the balance of payment reached 2.54 % in 2016 in Bangladesh, according to the National Central Bank / OECD. This is 33.4 % less than in the previous year.

Historically, insurance and financial services as a percentage of service exports from the balance of payment in Bangladesh reached an all time high of 3.81 % in 2017 and an all time low of 0.040 % in 1992. When compared to Bangladesh's main peers, insurance and financial services as a percentage of service exports from the balance of payment in Bhutan amounted to 3.24 %, 3.47 % in China, 4.45 % in India and 0.707 % in Myanmar in 2016.

Bangladesh has been ranked 81st within the group of 154 countries we follow in terms of insurance and financial services as a percentage of service exports from the balance of payment, 5 places behind the position seen 10 years ago.

Insurance and financial services cover various types of insurance provided to non-residents 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 non-residents.

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