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

Insurance and financial services as a percentage of service exports from the balance of payment reached 0.429 % in 2017 in Laos, according to the National Central Bank / OECD. This is 57.1 % more than in the previous year.

Historically, insurance and financial services as a percentage of service exports from the balance of payment in Laos reached an all time high of 5.80 % in 2013 and an all time low of 0.170 % in 2001. When compared to Laos's main peers, insurance and financial services as a percentage of service exports from the balance of payment in Cambodia amounted to 0.190 %, 3.62 % in China and 1.10 % in Thailand in 2017.

Laos has been ranked 132nd 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, 56 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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