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

Source: World Bank
Last Updated: Apr 1, 2021

Insurance and financial services as a percentage of service imports from the balance of payment reached 4.18 % in 2018 in Bhutan, according to the National Central Bank / OECD. This is 36.1 % less 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 6.53 % in 2019 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 16.5 %, 2.59 % in China, 4.51 % in India and 3.61 % in Nepal in 2018.

Bhutan has been ranked 100th within the group of 158 countries we follow in terms of insurance and financial services as a percentage of service imports from the balance of payment, 44 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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