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

Source: World Bank
Last Updated: Oct 1, 2021

Insurance and financial services as a percentage of service exports from the balance of payment reached 2.92 % in 2020 in Thailand, according to the National Central Bank / OECD. This is 150 % more than in the previous year.

Historically, insurance and financial services as a percentage of service exports from the balance of payment in Thailand reached an all time high of 2.92 % in 2020 and an all time low of % in. When compared to Thailand's main peers, insurance and financial services as a percentage of service exports from the balance of payment in Cambodia amounted to 2.91 % and 4.73 % in Malaysia in 2020.

Thailand has been ranked 55th within the group of 94 countries we follow in terms of insurance and financial services as a percentage of service exports from the balance of payment, 64 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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