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Insurance and financial services in % of service exports

(%)

In 2017, insurance and financial services (% of service exports) in Lao People’s Democratic Republic was 0.4 %. In the ranking by insurance and financial services (% of service exports) including 147 countries, Lao People’s Democratic Republic has the 91st rank that is close to the positions of such countries as Australia and the Estonia. Compared to Italy which at the top of the ranking with insurance and financial services (% of service exports) of 6.9 % in 2017, Lao People’s Democratic Republic has 93.75 % percent lower insurance and financial services (% of service exports).

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What is insurance and financial services (% of service exports)?

Insurance and financial services (% of service exports, BoP) cover various types of insurance provided to nonresidents by resident insurance enterprises and vice versa, and financial intermediary and auxiliary services.