Insurance and financial services (% of commercial service imports) in Myanmar
Myanmar: Insurance and financial services (% of commercial service imports) was 1.7% in 2019. ◆ Volatile
Insurance and financial services in Myanmar, 1976–2019
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of commercial service imports.
Analysis
Myanmar recorded 1.7% for insurance and financial services in 2019.
That represents a change of up 0.9% on the previous year and down 71.7% over ten years.
Over the whole period, insurance and financial services in Myanmar peaked at 14.0% in 1992 and was at its lowest, 0.5%, in 1995.
Myanmar ranks 181st of 197 countries on this measure, in the bottom 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 Myanmar, year by year
| Year | % of commercial service imports | Change |
|---|---|---|
| 1976 | 8.2% | — |
| 1977 | 2.6% | -67.9% |
| 1978 | 4.6% | +74.1% |
| 1979 | 2.8% | -38.0% |
| 1980 | 7.5% | +163.9% |
| 1981 | 4.4% | -40.5% |
| 1982 | 4.9% | +9.8% |
| 1983 | 2.5% | -49.3% |
| 1984 | 2.3% | -4.8% |
| 1985 | 10.8% | +360.0% |
| 1986 | 9.2% | -14.9% |
| 1987 | 1.0% | -89.1% |
| 1988 | 6.7% | +572.3% |
| 1989 | 4.8% | -29.2% |
| 1990 | 2.5% | -47.4% |
| 1991 | 5.1% | +103.1% |
| 1992 | 14.0% | +175.4% |
| 1993 | 4.5% | -67.6% |
| 1994 | 6.2% | +36.4% |
| 1995 | 0.5% | -91.8% |
| 2012 | 5.9% | +1071.7% |
| 2013 | 4.8% | -19.1% |
| 2014 | 1.8% | -61.5% |
| 2015 | 1.8% | -3.4% |
| 2016 | 1.9% | +5.6% |
| 2017 | 2.0% | +4.0% |
| 2018 | 1.7% | -14.9% |
| 2019 | 1.7% | +0.9% |
Myanmar compared with similar countries
- Myanmar's 1.7% is below the median for lower middle income countries, which is 6.0%, 28% of the median. (47 countries reporting)
- Myanmar's 1.7% is below the median for East Asia & Pacific, which is 5.2%, 32% of the median. (32 countries reporting)
Biggest year-on-year movements
Years where Insurance and financial services (% of commercial service imports) in Myanmar 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 |
|---|---|---|---|
| 2012 | +1071.7% | 0.5% | 5.9% |
| 1988 | +572.3% | 1.0% | 6.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 4.5% | 2.6% | 8.2% | 4 |
| 1980s | 5.4% | 1.0% | 10.8% | 10 |
| 1990s | 5.5% | 0.5% | 14.0% | 6 |
| 2010s | 2.7% | 1.7% | 5.9% | 8 |
Countries ranked near Myanmar
More private sector data for Myanmar
- Merchandise trade 36.3% (2025)
- Food imports 10.4% (2025)
- Manufactures imports 60.0% (2025)
- Merchandise imports 14.33 billion current US$ (2025)
- Commercial service imports 3.58 billion current US$ (2019)
- Food exports 28.6% (2025)
- Manufactures exports 40.0% (2025)
- Merchandise exports 15.30 billion current US$ (2025)
- Commercial service exports 6.46 billion current US$ (2019)
- Merchandise exports (current US$), per capita 278.9 current US$ per person (2025)
Frequently asked questions
- What is insurance and financial services in Myanmar?
- Insurance and financial services in Myanmar was 1.7% in 2019, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest insurance and financial services recorded in Myanmar?
- The highest recorded value was 14.0% in 1992.
- What is the lowest insurance and financial services recorded in Myanmar?
- The lowest recorded value was 0.5% in 1995.
- How does Myanmar rank for insurance and financial services?
- Myanmar ranks 181st out of 197 countries with data for 2019.
- Is insurance and financial services rising or falling in Myanmar?
- Over the last ten years it is down 71.7%. The long-run trend across the full record is volatile.
- Where does this Myanmar 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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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.