Insurance and financial services in Bangladesh
Bangladesh: Insurance and financial services was 2.8% in 2025. ◆ Volatile
Insurance and financial services in Bangladesh, 1983–2025
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of commercial service exports.
Analysis
In 2025, insurance and financial services in Bangladesh stood at 2.8%.
The figure is down 12.9% on the previous year and down 33.2% over ten years.
Over the whole period, insurance and financial services in Bangladesh peaked at 7.7% in 1999 and was at its lowest, 0.0%, in 1992.
Bangladesh ranks 93rd of 190 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Insurance and financial services in Bangladesh, year by year
| Year | % of commercial service exports | Change |
|---|---|---|
| 1983 | 0.1% | — |
| 1984 | 0.1% | +92.9% |
| 1985 | 0.1% | -20.4% |
| 1986 | 0.1% | +24.7% |
| 1987 | 0.1% | -38.1% |
| 1988 | 0.1% | -12.7% |
| 1989 | 0.1% | +13.4% |
| 1990 | 0.1% | -31.3% |
| 1991 | 0.1% | +53.0% |
| 1992 | 0.0% | -44.0% |
| 1993 | 0.1% | +118.0% |
| 1994 | 0.1% | +20.0% |
| 1995 | 0.1% | -31.6% |
| 1996 | 5.7% | +6341.2% |
| 1997 | 4.9% | -14.1% |
| 1998 | 5.6% | +16.4% |
| 1999 | 7.7% | +35.9% |
| 2000 | 5.8% | -23.9% |
| 2001 | 4.8% | -18.4% |
| 2002 | 4.3% | -9.1% |
| 2003 | 6.5% | +48.9% |
| 2004 | 4.0% | -38.0% |
| 2005 | 3.2% | -20.3% |
| 2006 | 3.7% | +16.5% |
| 2007 | 3.1% | -17.6% |
| 2008 | 3.8% | +23.9% |
| 2009 | 5.4% | +42.9% |
| 2010 | 3.9% | -28.7% |
| 2011 | 4.7% | +21.8% |
| 2012 | 5.3% | +12.6% |
| 2013 | 4.1% | -22.2% |
| 2014 | 4.4% | +7.4% |
| 2015 | 4.2% | -4.1% |
| 2016 | 4.5% | +5.5% |
| 2017 | 6.3% | +41.4% |
| 2018 | 3.8% | -40.6% |
| 2019 | 4.6% | +23.5% |
| 2020 | 3.3% | -29.0% |
| 2021 | 2.7% | -17.5% |
| 2022 | 3.5% | +29.1% |
| 2023 | 5.0% | +42.4% |
| 2024 | 3.3% | -34.9% |
| 2025 | 2.8% | -12.9% |
Bangladesh compared with similar countries
- Bangladesh's 2.8% is above the median for lower middle income countries, which is 1.8%, 1.6× the median. (46 countries reporting)
- Bangladesh's 2.8% is above the median for South Asia, which is 2.0%, 1.5× the median. (6 countries reporting)
Biggest year-on-year movements
Years where Insurance and financial services in Bangladesh changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1996 | +6341.2% | 0.1% | 5.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 0.1% | 0.1% | 0.1% | 7 |
| 1990s | 2.4% | 0.0% | 7.7% | 10 |
| 2000s | 4.5% | 3.1% | 6.5% | 10 |
| 2010s | 4.6% | 3.8% | 6.3% | 10 |
| 2020s | 3.4% | 2.7% | 5.0% | 6 |
Countries ranked near Bangladesh
- 90 Ecuador 3.1% compare
- 91 Azerbaijan 3.0% compare
- 92 Uganda 2.9% compare
- 94 Dominican Republic 2.8% compare
- 95 India 2.8% compare
- 96 Saint Vincent and the Grenadines 2.7% compare
More private sector data for Bangladesh
- Merchandise trade 25.8% (2025)
- Food imports 13.0% (2018)
- Manufactures imports 67.0% (2018)
- Merchandise imports 69.37 billion current US$ (2025)
- Food exports 3.4% (2018)
- Manufactures exports 94.5% (2018)
- Merchandise exports 48.17 billion current US$ (2025)
- Merchandise exports (current US$), per capita 274.16 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.1056 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate 1.95 % change on previous year (2025)
Frequently asked questions
- What is insurance and financial services in Bangladesh?
- Insurance and financial services in Bangladesh was 2.8% in 2025, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest insurance and financial services recorded in Bangladesh?
- The highest recorded value was 7.7% in 1999.
- What is the lowest insurance and financial services recorded in Bangladesh?
- The lowest recorded value was 0.0% in 1992.
- How does Bangladesh rank for insurance and financial services?
- Bangladesh ranks 93rd out of 190 countries with data for 2025.
- Is insurance and financial services rising or falling in Bangladesh?
- Over the last ten years it is down 33.2%. The long-run trend across the full record is volatile.
- Where does this Bangladesh data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Insurance and financial services (% of commercial service exports). Statizoid updates them automatically from the source API.
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About this data
Financial services covers services related to financial intermediation, financial risk management, liquidity transformation or auxiliary financial activities. It also includes insurance and pension scheme services which are services related to providing life insurance and annuities, non-life insurance, reinsurance, pensions, standardised guarantees and auxiliary services to insurance, pension schemes, and standardised guarantee schemes. This indicator is expressed as a percentage of service exports which are commercial services provided by residents to non-residents.