Insurance and financial services in Bhutan
Bhutan: Insurance and financial services was 11.0% 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 service imports, BoP.
Analysis
Bhutan recorded 11.0% for insurance and financial services in 2024. That is the highest value across all 19 years on record.
That represents a change of up 41.4% on the previous year and up 425.3% over ten years.
Over the whole period, insurance and financial services in Bhutan peaked at 11.0% in 2024 and was at its lowest, 2.1%, in 2008.
Bhutan ranks 39th 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 in Bhutan, year by year
| Year | % of service imports, BoP | Change |
|---|---|---|
| 2006 | 3.0% | — |
| 2007 | 2.7% | -12.7% |
| 2008 | 2.1% | -22.6% |
| 2009 | 2.6% | +28.1% |
| 2010 | 3.3% | +26.6% |
| 2011 | 3.3% | +0.1% |
| 2012 | 3.2% | -5.2% |
| 2013 | 2.2% | -30.4% |
| 2014 | 2.1% | -5.0% |
| 2015 | 2.6% | +25.6% |
| 2016 | 2.7% | +4.2% |
| 2017 | 4.3% | +57.7% |
| 2018 | 4.4% | +2.1% |
| 2019 | 7.1% | +60.3% |
| 2020 | 5.5% | -21.9% |
| 2021 | 10.4% | +88.0% |
| 2022 | 8.7% | -16.1% |
| 2023 | 7.8% | -10.7% |
| 2024 | 11.0% | +41.4% |
Bhutan compared with similar countries
- Bhutan's 11.0% is above the median for lower middle income countries, which is 6.5%, 1.7× the median. (47 countries reporting)
- Bhutan's 11.0% is above the median for South Asia, which is 4.9%, 2.2× the median. (6 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 2.6% | 2.1% | 3.0% | 4 |
| 2010s | 3.5% | 2.1% | 7.1% | 10 |
| 2020s | 8.7% | 5.5% | 11.0% | 5 |
Countries ranked near Bhutan
More economy & growth data for Bhutan
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 4.5 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 5.11 Percent per annum (2029)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 2.82 million BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual -72.36 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0008 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 3.56 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate 26.59 % change on previous year (2025)
- Total reserves (includes gold, current US$), per unit of GDP 0.3328 includes gold, current US$ per US$ of GDP (2025)
- Total reserves (includes gold, current US$), per capita 1,495 includes gold, current US$ per person (2025)
- Total reserves minus gold (current US$), annual growth rate 24.21 % change on previous year (2025)
Frequently asked questions
- What is insurance and financial services in Bhutan?
- Insurance and financial services in Bhutan was 11.0% 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 11.0% 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 39th 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 425.3%. 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 service imports, BoP). 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
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.