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

Source: World Bank
Last Updated: Apr 1, 2021

Insurance and financial services as a percentage of service exports from the balance of payment reached 2.62 % in 2018 in Bhutan, according to the National Central Bank / OECD. This is 29.2 % less 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 2.05 %, 3.54 % in China, 3.91 % in India and 2.44 % in Nepal in 2018.

Bhutan has been ranked 73rd within the group of 153 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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