Bhutan's insurance and financial services (% of service imports, BoP) was 11% in 2024, the latest year in the World Bank's World Development Indicators. That is up 8.91 percentage points from 2.09% in 2014.
Key figures
| Value | Year | |
|---|---|---|
| Latest | 11% | 2024 |
| Five years earlier | 7.07% | 2019 |
| Ten years earlier | 2.09% | 2014 |
| Highest | 11% | 2024 |
| Lowest | 2.06% | 2008 |
| Average since 2015 | 6.46% | 2015–2024 |
| First recorded | 3.05% | 2006 |
What the numbers say
In 2024, Bhutan's insurance and financial services (% of service imports, BoP) rose 3.22 percentage points on 2023 (from 7.78% to 11%).
Across the 17 yearly changes before that (2007 to 2023), the average change was +0.28 percentage points and a typical year strayed about 1.59 percentage points from that (the standard deviation). This year's change was 1.8 standard deviations above that average, so it was larger than a typical year, though not out of the range seen before.
On record, the biggest yearly rise was 4.86 percentage points in 2021 and the biggest yearly fall was 1.68 percentage points in 2022. 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 the straight-line trend is upward, about 0.9 percentage points a year. A straight line explains 83% of the movement over 10 observed years.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
A straight-line projection, tested first
Extending that straight line gives about 12.73% for 2027. We show this only because the same method, fitted on earlier years, predicted 2022 to 2024 better than "no change" would have: its average miss was 1.14%, against 1.63% for assuming no change. Treat it as a continuation of the recent pattern, not a forecast of events: it cannot see a recession, a policy change or a revision to the data.
See how a linear trend forecast works and the guide on forecasting without fooling yourself.
How it compares
In 2024, Bhutan had the 8th highest value of the 27 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 | 11% | 2024 |
| World | 9.53% | 2025 |
| South Asia | 3.13% | 2025 |
| Lower middle income | 5.23% | 2025 |
Closest to Bhutan in the 2024 ranking
- Kyrgyz Republic — 4th of 27: 11.66%
- Bahamas, The — 5th of 27: 11.28%
- Jordan — 6th of 27: 11.27%
- Sierra Leone — 8th of 27: 9.44%
- Cameroon — 9th of 27: 9.24%
- Liberia — 10th of 27: 9.1%
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 imports which are services provided by non-residents to 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 imports, BoP) |
|---|---|
| 2024 | 11 |
| 2023 | 7.78 |
| 2022 | 8.72 |
| 2021 | 10.39 |
| 2020 | 5.53 |
| 2019 | 7.07 |
| 2018 | 4.41 |
| 2017 | 4.32 |
| 2016 | 2.74 |
| 2015 | 2.63 |
| 2014 |
Insurance and financial services (% of service imports, BoP) in nearby economies
- Bangladesh — 5.46% (2025)
- India — 2.92% (2025)
- Maldives — 6.44% (2025)
- Nepal — 4.83% (2025)
- Sri Lanka — 2.11% (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 imports, BoP)?
- 11% in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 2006?
- It is up 7.96 percentage points from 3.05% in 2006. The highest value was 11% in 2024 and the lowest 2.06% in 2008.
- How does Bhutan rank?
Source
World Bank, World Development Indicators, indicator BM.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.
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