Bhutan's insurance and financial services (% of service exports, BoP) was 8.32% in 2024, the latest year in the World Bank's World Development Indicators. That is up 6.3 percentage points from 2.02% in 2014.
Key figures
| Value | Year | |
|---|---|---|
| Latest | 8.32% | 2024 |
| Five years earlier | 3.7% | 2019 |
| Ten years earlier | 2.02% | 2014 |
| Highest | 66.86% | 2022 |
| Lowest | 2.02% | 2014 |
| Average since 2015 | 17.18% | 2015–2024 |
| First recorded | 10.08% | 2006 |
What the numbers say
In 2024, Bhutan's insurance and financial services (% of service exports, BoP) fell 3.89 percentage points on 2023 (from 12.22% to 8.32%).
Across the 17 yearly changes before that (2007 to 2023), the average change was +0.13 percentage points and a typical year strayed about 19.71 percentage points from that (the standard deviation). This year's change was 0.2 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
On record, the biggest yearly rise was 56 percentage points in 2021 and the biggest yearly fall was 54.64 percentage points in 2023. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2015 to 2024 there is no clear straight-line trend: a straight line explains 20% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
How it compares
In 2024, Bhutan had the 10th highest value of the 23 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.
| Value | Year | |
|---|---|---|
| Bhutan | 8.32% | 2024 |
| World | 11.46% | 2025 |
| South Asia | 2.71% | 2025 |
| Lower middle income | 3.03% | 2025 |
Closest to Bhutan in the 2024 ranking
What this measures
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.
Regional and income-group figures are computed by the World Bank as a weighted average.
All 19 values
| Year | Insurance and financial services (% of service exports, BoP) |
|---|---|
| 2024 | 8.32 |
| 2023 | 12.22 |
| 2022 | 66.86 |
| 2021 | 62.28 |
| 2020 | 6.28 |
| 2019 | 3.7 |
| 2018 | 2.6 |
| 2017 | 3.86 |
| 2016 | 3.24 |
| 2015 | 2.44 |
| 2014 |
Insurance and financial services (% of service exports, BoP) in nearby economies
- Bangladesh — 2.34% (2025)
- India — 2.75% (2025)
- Nepal — 1.05% (2025)
- Sri Lanka — 0.96% (2025)
More economic policy & debt data for Bhutan
- Grants, excluding technical cooperation (BoP, current US$) — US$40.14 million (2023)
- Net bilateral aid flows from DAC donors, Total (current US$) — US$77.45 million (2023)
- Net official development assistance and official aid received (current US$) — US$156.84 million (2023)
- Net official development assistance and official aid received (constant 2023 US$) — US$156.84 million (2023)
- Net official development assistance received (current US$) — US$156.84 million (2023)
- Net official development assistance received (constant 2023 US$) — US$156.84 million (2023)
- Net ODA received per capita (current US$) — US$199.44 (2023)
- Net bilateral aid flows from DAC donors, Japan (current US$)
Reading data like this
Questions people ask
- What is Bhutan's insurance and financial services (% of service exports, BoP)?
- 8.32% in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 2006?
- It is down 1.76 percentage points from 10.08% in 2006. The highest value was 66.86% in 2022 and the lowest 2.02% in 2014.
- How does Bhutan rank?
- 10th highest of 23 economies with data for 2024.
- Is the latest change in insurance and financial services (% of service exports, BoP) unusual for Bhutan?
- In 2024, Bhutan's insurance and financial services (% of service exports, BoP) fell 3.89 percentage points on 2023 (from 12.22% to 8.32%). Across the 17 yearly changes before that (2007 to 2023), the average change was +0.13 percentage points and a typical year strayed about 19.71 percentage points from that (the standard deviation). This year's change was 0.2 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
Source
World Bank, World Development Indicators, indicator BX.GSR.INSF.ZS, licensed CC BY 4.0. Original source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.
Want to ask your own questions of data like this? Try AnalyzeIt: upload a file or ask about public data in plain words, and every figure comes with its working.
Legal entity
Devansh Yadav
Moradabad, Uttar Pradesh
Governing law: Courts at Moradabad, Uttar Pradesh
Phone: +91 8433475698
Legal: legal@analyzeit.in