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

Insurance and financial services as a percentage of service exports from the balance of payment reached 0.913 % in 2016 in Nepal, according to the National Central Bank / OECD. This is 26 % less than in the previous year.

Historically, insurance and financial services as a percentage of service exports from the balance of payment in Nepal reached an all time high of 1.29 % in 2015 and an all time low of 0.031 % in 2002. When compared to Nepal's main peers, insurance and financial services as a percentage of service exports from the balance of payment in Bangladesh amounted to 2.54 %, 3.24 % in Bhutan, 3.47 % in China and 4.45 % in India in 2016.

Nepal has been ranked 119th 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, 7 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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