Insurance and financial services in Bhutan
Bhutan: Insurance and financial services was 9.3% in 2024. ◆ Volatile
Insurance and financial services in Bhutan, 2006–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of commercial service exports.
Analysis
In 2024, insurance and financial services in Bhutan stood at 9.3%.
Compared with earlier readings it is down 25.2% on the previous year and up 355.2% over ten years.
Over the whole period, insurance and financial services in Bhutan peaked at 72.8% in 2022 and was at its lowest, 2.0%, in 2014.
That places Bhutan 42nd out of 190 countries with data for 2024, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Insurance and financial services in Bhutan, year by year
| Year | % of commercial service exports | Change |
|---|---|---|
| 2006 | 12.4% | — |
| 2007 | 2.7% | -78.6% |
| 2008 | 3.3% | +25.0% |
| 2009 | 3.0% | -9.2% |
| 2010 | 3.7% | +21.6% |
| 2011 | 3.0% | -18.5% |
| 2012 | 2.3% | -22.2% |
| 2013 | 3.3% | +42.5% |
| 2014 | 2.0% | -38.0% |
| 2015 | 2.5% | +20.8% |
| 2016 | 3.3% | +32.5% |
| 2017 | 3.9% | +19.2% |
| 2018 | 2.6% | -32.9% |
| 2019 | 3.7% | +42.2% |
| 2020 | 6.3% | +70.1% |
| 2021 | 67.9% | +970.2% |
| 2022 | 72.8% | +7.1% |
| 2023 | 12.5% | -82.9% |
| 2024 | 9.3% | -25.2% |
Bhutan compared with similar countries
- Bhutan's 9.3% is above the median for lower middle income countries, which is 1.8%, 5.3× the median. (46 countries reporting)
- Bhutan's 9.3% is above the median for South Asia, which is 2.0%, 4.8× the median. (6 countries reporting)
Biggest year-on-year movements
Years where Insurance and financial services in Bhutan 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 |
|---|---|---|---|
| 2021 | +970.2% | 6.3% | 67.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 5.3% | 2.7% | 12.4% | 4 |
| 2010s | 3.0% | 2.0% | 3.9% | 10 |
| 2020s | 33.8% | 6.3% | 72.8% | 5 |
Countries ranked near Bhutan
More private sector data for Bhutan
- Merchandise trade 83.3% (2025)
- Food imports 11.4% (2025)
- Manufactures imports 70.4% (2025)
- Merchandise imports 2.18 billion current US$ (2025)
- Food exports 5.9% (2025)
- Manufactures exports 58.7% (2025)
- Merchandise exports 800.00 million current US$ (2025)
- Merchandise exports (current US$), per capita 1,004 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.2235 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate 7.1 % change on previous year (2025)
Frequently asked questions
- What is insurance and financial services in Bhutan?
- Insurance and financial services in Bhutan was 9.3% in 2024, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest insurance and financial services recorded in Bhutan?
- The highest recorded value was 72.8% in 2022.
- What is the lowest insurance and financial services recorded in Bhutan?
- The lowest recorded value was 2.0% in 2014.
- How does Bhutan rank for insurance and financial services?
- Bhutan ranks 42nd out of 190 countries with data for 2024.
- Is insurance and financial services rising or falling in Bhutan?
- Over the last ten years it is up 355.2%. The long-run trend across the full record is volatile.
- Where does this Bhutan 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.
Download this data
CSV · JSON — 19 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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.