Insurance and financial services as a percentage of service imports from the balance of payment rose 8.46% to 7.39% in Nepal in 2021, according to the National Central Bank / OECD.
Historically, insurance and financial services as a percentage of service imports from the balance of payment in Nepal reached an all time high of 7.39% in 2021 and an all time low of 2.27% in 1984. When compared to Nepal's main peers, insurance and financial services as a percentage of service imports from the balance of payment in Bangladesh amounted to 6.97%, 10.4% in Bhutan, 5.48% in China and 5.60% in India in 2021.
Nepal has been ranked 67th within the group of 139 countries we follow in terms of insurance and financial services as a percentage of service imports from the balance of payment, 37 places above the position seen 10 years ago.
| Insurance and Financial Services (As % of Service Imports, BoP) | Unit | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 |
| Bangladesh | % | 6.39% | 11.5% | 11.4% | 16.5% | 11.6% | ||||||||||||||||
| Bhutan | % | ... | ... | ... | ... | ... | 2.63% | 2.74% | 4.32% | 4.41% | 7.07% | |||||||||||
| China | % | 2.63% | 3.38% | 2.77% | 2.59% | 2.66% | ||||||||||||||||
| India | % | 5.15% | 6.59% | 6.92% | 4.51% | 3.21% | ||||||||||||||||
| Japan | % | 6.04% | 6.41% | 7.27% | 7.47% | 7.64% | ||||||||||||||||
| Myanmar | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 1.78% | 1.87% | 1.94% | 1.62% | 1.64% | ... | ... | |||
| Nepal | % | ... | 3.36% | 3.71% | 3.39% | 3.57% | 3.99% | |||||||||||||||
| Pakistan | % | 5.40% | 4.96% | 4.59% | 5.05% | 6.58% | ||||||||||||||||
| Russia | % | 3.82% | 4.03% | 3.88% | 3.00% | 3.46% | ||||||||||||||||
| Sri Lanka | % | 11.6% | 11.6% | 11.5% | 11.8% | 12.4% | ... | |||||||||||||||
| USA | % | 16.7% | 16.7% | 16.6% | 15.1% | 16.1% |
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