Lao PDR - Insurance and financial services

Insurance and financial services (% of service imports, BoP)

Insurance and financial services (% of service imports, BoP) in Lao PDR was 3.65 as of 2020. Its highest value over the past 36 years was 10.48 in 2008, while its lowest value was -36.78 in 2007.

Definition: 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.

Source: International Monetary Fund, Balance of Payments Statistics Yearbook and data files.

See also:

Year Value
1984 0.52
1985 3.96
1986 4.73
1987 4.99
1988 4.87
1989 6.59
1990 6.06
1991 3.99
1992 3.93
1993 5.67
1994 0.66
1995 3.87
1996 4.60
1997 2.39
1998 2.51
1999 0.00
2001 -2.55
2002 -6.20
2003 -15.18
2004 -15.33
2005 -22.28
2006 -33.04
2007 -36.78
2008 10.48
2009 8.09
2010 5.01
2011 10.13
2012 4.47
2013 5.02
2014 1.10
2015 1.96
2016 1.16
2017 3.57
2018 2.90
2019 3.55
2020 3.65

Insurance and financial services (% of service exports, BoP)

Insurance and financial services (% of service exports, BoP) in Lao PDR was 2.46 as of 2020. Its highest value over the past 36 years was 5.80 in 2013, while its lowest value was 0.00 in 1984.

Definition: 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.

Source: International Monetary Fund, Balance of Payments Statistics Yearbook and data files.

See also:

Year Value
1984 0.00
1985 0.00
1986 0.00
1987 0.00
1988 0.56
1989 0.44
1990 0.42
1991 0.79
1992 2.11
1993 0.27
1994 0.36
1995 0.36
1996 0.40
1997 0.22
1998 0.27
1999 0.36
2001 0.17
2002 0.54
2003 1.75
2004 1.43
2005 1.44
2006 1.45
2007 2.58
2008 2.07
2009 2.51
2010 2.14
2011 4.56
2012 0.75
2013 5.80
2014 1.62
2015 1.42
2016 0.27
2017 1.89
2018 0.50
2019 2.40
2020 2.46

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: Balance of payments