Which has higher insurance and financial services, Bhutan or Philippines?

Bhutan, at 11.0% against 10.6% in Philippines as of 2024.

How many years of comparable data are there for Bhutan and Philippines?

19 years are reported by both, from 2006 to 2024.

Where does this data come from?

Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as Insurance and financial services (% of service imports, BoP). Statizoid refreshes it automatically from the source and publishes the full history for both places.

Bhutan vs Philippines: Insurance and financial services

Bhutan

11.0%

in 2024

Philippines

10.6%

in 2025

Bhutan rank

39th

Philippines rank

42nd

Insurance and financial services over time

Bhutan
Philippines

How they compare

Bhutan currently reports 11.0% against 10.6% in Philippines, a difference of 0.4%.

The two have swapped places 1 time across 19 shared years of data; in 2006 it was Philippines ahead.

Bhutan ranks 39th and Philippines ranks 42nd of 197 countries.

Philippines has averaged higher in every one of the 3 decades both report.

Head to head by decade

Decade	Bhutan	Philippines	Difference	Ahead
2000s	2.6%	8.5%	5.9%	Philippines
2010s	3.5%	7.7%	4.2%	Philippines
2020s	8.7%	11.4%	2.7%	Philippines

Averages of every year both report within each decade.

Frequently asked questions

Which has higher insurance and financial services, Bhutan or Philippines?: Bhutan, at 11.0% against 10.6% in Philippines as of 2024.
What is the difference in insurance and financial services between Bhutan and Philippines?: 0.4%, with Bhutan ahead.
How many years of comparable data are there for Bhutan and Philippines?: 19 years are reported by both, from 2006 to 2024.
How do Bhutan and Philippines rank globally for insurance and financial services?: Bhutan ranks 39th and Philippines ranks 42nd of 197 countries.
Where does this data come from?: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as Insurance and financial services (% of service imports, BoP). Statizoid refreshes it automatically from the source and publishes the full history for both places.

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Bhutan vs Philippines: Insurance and financial services. Statizoid, drawing on Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Retrieved 17 September 2026, from https://economy.statizoid.com/compare/insurance-and-financial-services-percent-of-service-imports-bop/bhutan/philippines/

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About this data

Indicator: Insurance and financial services (% of service imports, BoP)
Unit: % of service imports, BoP
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF)
Licence: CC BY 4.0 (World Bank Open Data)
Coverage: 244 places, 9,395 data points, 1960–2025
Last refreshed: 17 September 2026

Insurance and financial services cover various types of insurance provided to nonresidents by resident insurance enterprises and vice versa, and financial intermediary and auxiliary services (except those of insurance enterprises and pension funds) exchanged between residents and nonresidents. This indicator is expressed as a percentage of service imports which are services provided by non-residents to residents.