Insurance and financial services (% of commercial service imports) in Bhutan
Bhutan: Insurance and financial services (% of commercial service imports) was 11.4% 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 imports.
Analysis
Bhutan recorded 11.4% for insurance and financial services in 2024. That is the highest value across all 19 years on record.
Compared with earlier readings it is up 42.2% on the previous year and up 425.5% over ten years.
Over the whole period, insurance and financial services in Bhutan peaked at 11.4% in 2024 and was at its lowest, 2.1%, in 2008.
Bhutan ranks 41st of 197 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Insurance and financial services (% of commercial service imports) in Bhutan, year by year
| Year | % of commercial service imports | Change |
|---|---|---|
| 2006 | 3.2% | — |
| 2007 | 2.8% | -13.9% |
| 2008 | 2.1% | -23.4% |
| 2009 | 2.8% | +30.1% |
| 2010 | 3.5% | +25.8% |
| 2011 | 3.4% | -0.4% |
| 2012 | 3.3% | -3.7% |
| 2013 | 2.3% | -31.2% |
| 2014 | 2.2% | -5.4% |
| 2015 | 2.7% | +25.6% |
| 2016 | 2.8% | +4.1% |
| 2017 | 4.5% | +57.8% |
| 2018 | 4.6% | +2.1% |
| 2019 | 7.4% | +63.0% |
| 2020 | 5.8% | -21.8% |
| 2021 | 11.1% | +90.5% |
| 2022 | 9.2% | -16.7% |
| 2023 | 8.0% | -13.3% |
| 2024 | 11.4% | +42.2% |
Bhutan compared with similar countries
- Bhutan's 11.4% is above the median for lower middle income countries, which is 6.0%, 1.9× the median. (47 countries reporting)
- Bhutan's 11.4% is above the median for South Asia, which is 5.2%, 2.2× the median. (6 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 2.7% | 2.1% | 3.2% | 4 |
| 2010s | 3.7% | 2.2% | 7.4% | 10 |
| 2020s | 9.1% | 5.8% | 11.4% | 5 |
Countries ranked near Bhutan
More private sector data for Bhutan
- Merchandise trade 83.3% (2025)
- Food imports 11.5% (2025)
- Manufactures imports 70.3% (2025)
- Merchandise imports 2.18 billion current US$ (2025)
- Commercial service imports 220.69 million current US$ (2024)
- Food exports 5.9% (2025)
- Manufactures exports 58.7% (2025)
- Merchandise exports 800.00 million current US$ (2025)
- Commercial service exports 257.09 million current US$ (2024)
- Merchandise exports (current US$), per capita 1,004 current US$ per person (2025)
Frequently asked questions
- What is insurance and financial services in Bhutan?
- Insurance and financial services in Bhutan was 11.4% 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 11.4% in 2024.
- What is the lowest insurance and financial services recorded in Bhutan?
- The lowest recorded value was 2.1% in 2008.
- How does Bhutan rank for insurance and financial services?
- Bhutan ranks 41st out of 197 countries with data for 2024.
- Is insurance and financial services rising or falling in Bhutan?
- Over the last ten years it is up 425.5%. 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 imports). Statizoid updates them automatically from the source API.
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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 imports which are commercial services provided by non-residents to residents.