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

Source: World Bank
Last Updated: Apr 1, 2021

Insurance and financial services as a percentage of service exports from the balance of payment reached 0.154 % in 2018 in Myanmar, according to the National Central Bank / OECD. This is 5.50 % less than in the previous year.

Historically, insurance and financial services as a percentage of service exports from the balance of payment in Myanmar reached an all time high of 12.3 % in 1979 and an all time low of 0.001 % in 2013. When compared to Myanmar's main peers, insurance and financial services as a percentage of service exports from the balance of payment in China amounted to 3.54 %, 3.91 % in India, 0.497 % in Laos and 1.17 % in Thailand in 2018.

Myanmar has been ranked 149th 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.

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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