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

Insurance and financial services as a percentage of service exports from the balance of payment reached 3.86 % in 2017 in Bhutan, according to the National Central Bank / OECD. This is 19.1 % more than in the previous year.

Historically, insurance and financial services as a percentage of service exports from the balance of payment in Bhutan reached an all time high of 10.1 % in 2006 and an all time low of 2.02 % in 2014. When compared to Bhutan's main peers, insurance and financial services as a percentage of service exports from the balance of payment in Bangladesh amounted to 3.81 %, 3.62 % in China, 3.75 % in India and 1.23 % in Nepal in 2017.

Bhutan has been ranked 57th within the group of 149 countries we follow in terms of insurance and financial services as a percentage of service exports from the balance of payment, 23 places above 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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