Insurance and Financial Services (As % of Service Imports, BoP) in Bangladesh

Insurance and financial services as a percentage of service imports from the balance of payment reached 11.5 % in 2016 in Bangladesh, according to the National Central Bank / OECD. This is 9.77 % more than in the previous year.

Historically, insurance and financial services as a percentage of service imports from the balance of payment in Bangladesh reached an all time high of 11.5 % in 2016 and an all time low of 1.17 % in 2008. When compared to Bangladesh's main peers, insurance and financial services as a percentage of service imports from the balance of payment in Bhutan amounted to 2.74 %, 3.38 % in China, 6.59 % in India and 1.86 % in Myanmar in 2016.

Bangladesh has been ranked 34th within the group of 160 countries we follow in terms of insurance and financial services as a percentage of service imports from the balance of payment, 26 places above the position seen 10 years ago.

Insurance and financial services (% of service imports, BoP) cover various types of insurance provided to residents by non-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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