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

Insurance and financial services as a percentage of service imports from the balance of payment reached 1.86 % in 2016 in Myanmar, according to the National Central Bank / OECD. This is 3.97 % less than in the previous year.

Historically, insurance and financial services as a percentage of service imports from the balance of payment in Myanmar reached an all time high of 11.0 % in 1992 and an all time low of 0.477 % in 1995. When compared to Myanmar's main peers, insurance and financial services as a percentage of service imports from the balance of payment in China amounted to 3.38 %, 6.59 % in India, 1.16 % in Laos and 4.80 % in Thailand in 2016.

Myanmar has been ranked 146th 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.

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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