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

Insurance and financial services as a percentage of service imports from the balance of payment reached 4.32 % in 2017 in Bhutan, according to the National Central Bank / OECD. This is 57.7 % more than in the previous year.

Historically, insurance and financial services as a percentage of service imports from the balance of payment in Bhutan reached an all time high of 4.32 % in 2017 and an all time low of 2.06 % in 2008. When compared to Bhutan's main peers, insurance and financial services as a percentage of service imports from the balance of payment in Bangladesh amounted to 10.4 %, 2.77 % in China, 6.92 % in India and 3.36 % in Nepal in 2017.

Bhutan has been ranked 95th within the group of 155 countries we follow in terms of insurance and financial services as a percentage of service imports from the balance of payment, 43 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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