Insurance and financial services in Nepal
Nepal: Insurance and financial services was 0.8% in 2024. ◆ Volatile
Insurance and financial services in Nepal, 2002–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of service exports, BoP.
Analysis
Nepal recorded 0.8% for insurance and financial services in 2024.
The figure is up 72.9% on the previous year and up 190.0% over ten years.
Over the whole period, insurance and financial services in Nepal peaked at 2.4% in 2018 and was at its lowest, 0.0%, in 2002.
Nepal ranks 148th of 190 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 in Nepal, year by year
| Year | % of service exports, BoP | Change |
|---|---|---|
| 2002 | 0.0% | — |
| 2003 | 0.2% | +386.6% |
| 2004 | 0.0% | -76.4% |
| 2005 | 1.0% | +2741.2% |
| 2006 | 0.4% | -59.0% |
| 2007 | 0.6% | +47.1% |
| 2008 | 0.1% | -83.6% |
| 2009 | 0.2% | +112.3% |
| 2010 | 0.1% | -72.5% |
| 2011 | 0.2% | +226.3% |
| 2012 | 0.1% | -30.0% |
| 2013 | 0.2% | +45.9% |
| 2014 | 0.3% | +35.3% |
| 2015 | 1.3% | +387.2% |
| 2016 | 0.9% | -29.0% |
| 2017 | 1.2% | +35.1% |
| 2018 | 2.4% | +98.2% |
| 2019 | 1.0% | -60.6% |
| 2020 | 0.9% | -6.6% |
| 2021 | 1.5% | +63.1% |
| 2022 | 0.9% | -41.4% |
| 2023 | 0.4% | -48.5% |
| 2024 | 0.8% | +72.9% |
Nepal compared with similar countries
- Nepal's 0.8% is below the median for lower middle income countries, which is 1.6%, 47% of the median. (46 countries reporting)
- Nepal's 0.8% is below the median for South Asia, which is 1.7%, 44% of the median. (6 countries reporting)
Biggest year-on-year movements
Years where Insurance and financial services in Nepal 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 |
|---|---|---|---|
| 2005 | +2741.2% | 0.0% | 1.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 0.3% | 0.0% | 1.0% | 8 |
| 2010s | 0.8% | 0.1% | 2.4% | 10 |
| 2020s | 0.9% | 0.4% | 1.5% | 5 |
Countries ranked near Nepal
More economy & growth data for Nepal
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 4.28 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 5.25 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps 0 BoP, current US$ (1989)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0 BoP, current US$ per US$ of GDP (1989)
- Foreign direct investment, net outflows (BoP, current US$), per capita 0 BoP, current US$ per person (1989)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 56.90 million BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual -23.95 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0013 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 1.92 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate 33.15 % change on previous year (2025)
Frequently asked questions
- What is insurance and financial services in Nepal?
- Insurance and financial services in Nepal was 0.8% 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 Nepal?
- The highest recorded value was 2.4% in 2018.
- What is the lowest insurance and financial services recorded in Nepal?
- The lowest recorded value was 0.0% in 2002.
- How does Nepal rank for insurance and financial services?
- Nepal ranks 148th out of 190 countries with data for 2024.
- Is insurance and financial services rising or falling in Nepal?
- Over the last ten years it is up 190.0%. The long-run trend across the full record is volatile.
- Where does this Nepal 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 service exports, BoP). Statizoid updates them automatically from the source API.
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About this data
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 exports which are services provided by residents to non-residents.