Insurance and financial services as a percentage of service exports from the balance of payment fell 31.9% to 8.32% in Bhutan in 2024, according to the National Central Bank / OECD.
Historically, insurance and financial services as a percentage of service exports from the balance of payment in Bhutan reached an all time high of 66.9% in 2022 and an all time low of 2.02% in 2014. When compared to Bhutan's main peers, insurance and financial services as a percentage of service exports from the balance of payment in Bangladesh amounted to 3.10%, 1.70% in China, 3.12% in India and 0.983% in Nepal in 2024.
Bhutan has been ranked 22nd within the group of 97 countries we follow in terms of insurance and financial services as a percentage of service exports from the balance of payment, 60 places above the position seen 10 years ago.
| Insurance and Financial Services (As % of Service Exports, BoP) | Unit | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
| Bangladesh | % | 2.05% | 2.37% | 1.69% | 1.79% | 2.41% | ||||||||||||||||
| Bhutan | % | ... | ... | 2.60% | 3.70% | 6.28% | 62.3% | 66.9% | ||||||||||||||
| China | % | 3.54% | 3.56% | 3.42% | 2.82% | 2.45% | ||||||||||||||||
| India | % | 3.91% | 3.42% | 3.18% | 3.40% | 3.46% | ||||||||||||||||
| Japan | % | 7.05% | 7.92% | 10.9% | 9.23% | 8.26% | ||||||||||||||||
| Myanmar | % | ... | ... | ... | ... | ... | ... | ... | ... | 0.156% | 0.163% | ... | ... | ... | ... | ... | ||||||
| Nepal | % | 2.45% | 0.962% | 0.899% | 1.47% | 1.78% | ||||||||||||||||
| Pakistan | % | 3.14% | 3.48% | 2.95% | 3.04% | 4.04% | ||||||||||||||||
| Russia | % | 2.84% | 2.38% | 3.31% | 3.58% | 3.40% | ||||||||||||||||
| Sri Lanka | % | 4.44% | 4.68% | 4.45% | 4.65% | 3.61% | ... | |||||||||||||||
| USA | % | 18.0% | 18.1% | 23.5% | 24.2% | 20.2% |
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