Insurance and financial services (% of service exports, BoP) by country
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...
Countries reporting
190
Highest
94.1%
Libya
Lowest
0.0%
Angola
Median
2.5%
Years covered
66
1960–2025
Data points
8,390
What the numbers show
Insurance and financial services (% of service exports, BoP) is currently reported for 190 countries. The highest value is 94.1% in Libya; the lowest is 0.0% in Angola.
The median across all reporting countries is 2.5%, and the mean is 6.1%.
The gap between the highest and lowest reporting country is a factor of about 12,231.
Over the past decade 107 countries rose and 82 fell. The largest increase was in Ethiopia (up 12,630.1%), and the largest decrease in Mauritania (down 99.4%).
Insurance and financial services: full country ranking
| # | Country | Latest | Year | 10-year change | Trend |
|---|---|---|---|---|---|
| 1 | Libya | 94.1% | 2023 | up 371.6% | volatile |
| 2 | Luxembourg | 59.8% | 2025 | down 5.9% | falling |
| 3 | Cayman Islands | 55.2% | 2024 | up 5.6% | rising |
| 4 | Sierra Leone | 32.7% | 2024 | up 4,720.1% | volatile |
| 5 | Bahrain | 31.3% | 2024 | down 40.4% | volatile |
| 6 | Liberia | 30.3% | 2024 | up 1,260.0% | volatile |
| 7 | Hong Kong, China | 26.9% | 2024 | up 52.2% | rising |
| 8 | United Kingdom of Great Britain and Northern Ireland | 25.0% | 2025 | down 8.5% | rising |
| 9 | Nigeria | 22.8% | 2025 | up 142.9% | volatile |
| 10 | Switzerland | 21.0% | 2025 | down 10.2% | rising |
| 11 | Guinea-Bissau | 20.7% | 2024 | up 763.0% | volatile |
| 12 | United States of America | 19.8% | 2025 | up 16.0% | volatile |
| 13 | Cyprus | 19.6% | 2025 | down 36.5% | volatile |
| 14 | Bermuda | 19.3% | 2023 | up 3.2% | rising |
| 15 | Haiti | 19.1% | 2024 | up 1,255.5% | volatile |
| 16 | Burkina Faso | 15.4% | 2024 | down 13.7% | rising |
| 17 | Singapore | 15.2% | 2025 | down 6.3% | volatile |
| 18 | Ghana | 14.1% | 2025 | up 3,074.4% | volatile |
| 19 | Germany | 14.0% | 2025 | up 15.9% | volatile |
| 20 | Guinea | 13.9% | 2024 | down 45.0% | volatile |
| 21 | Trinidad and Tobago | 12.7% | 2025 | up 174.0% | volatile |
| 22 | France | 12.1% | 2025 | up 88.9% | volatile |
| 23 | Armenia | 11.7% | 2025 | up 610.1% | volatile |
| 24 | Benin | 11.2% | 2023 | up 464.1% | volatile |
| 25 | Kiribati | 10.9% | 2025 | up 2.5% | volatile |
| 26 | Algeria | 10.6% | 2024 | up 16.5% | rising |
| 27 | Iran, Islamic Republic of | 10.5% | 2000 | up 107.9% | volatile |
| 28 | Guyana | 10.4% | 2023 | up 54.1% | volatile |
| 29 | Kenya | 10.3% | 2024 | up 82.3% | volatile |
| 30 | Tajikistan | 10.2% | 2025 | up 743.4% | volatile |
| 31 | Panama | 9.8% | 2025 | down 20.7% | rising |
| 32 | South Sudan | 9.8% | 2023 | down 81.3% | volatile |
| 33 | Canada | 9.7% | 2025 | down 13.3% | flat |
| 34 | South Africa | 9.7% | 2025 | up 20.3% | falling |
| 35 | Mali | 9.5% | 2024 | up 547.2% | volatile |
| 36 | Mexico | 9.5% | 2025 | down 12.1% | rising |
| 37 | Lebanon | 9.4% | 2023 | down 13.9% | volatile |
| 38 | Niger | 9.3% | 2024 | up 741.6% | volatile |
| 39 | Kuwait | 9.3% | 2025 | down 5.0% | volatile |
| 40 | Ireland | 8.8% | 2024 | down 46.3% | falling |
| 41 | Kazakhstan | 8.7% | 2025 | up 419.4% | volatile |
| 42 | Belgium | 8.7% | 2025 | up 2.1% | rising |
| 43 | Italy | 8.5% | 2025 | up 31.6% | falling |
| 44 | Bhutan | 8.3% | 2024 | up 311.9% | volatile |
| 45 | Burundi | 8.1% | 2025 | up 55.9% | volatile |
| 46 | Lithuania | 7.8% | 2025 | up 500.7% | volatile |
| 47 | Norway | 7.6% | 2025 | down 11.6% | volatile |
| 48 | Japan | 7.4% | 2025 | up 1.1% | rising |
| 49 | Macau, China | 7.0% | 2024 | up 167.7% | volatile |
| 50 | Netherlands | 6.8% | 2024 | up 41.7% | volatile |
| 51 | Central African Republic | 6.8% | 1993 | up 144.5% | volatile |
| 52 | Malta | 6.7% | 2024 | down 77.7% | volatile |
| 53 | Togo | 6.4% | 2020 | up 57.1% | volatile |
| 54 | Slovenia | 6.4% | 2025 | up 166.6% | volatile |
| 55 | Bulgaria | 6.3% | 2025 | down 24.9% | volatile |
| 56 | Qatar | 6.1% | 2025 | up 64.7% | rising |
| 57 | Kyrgyzstan | 6.0% | 2024 | up 1,571.6% | volatile |
| 58 | Chile | 6.0% | 2025 | up 7.7% | rising |
| 59 | Uruguay | 5.9% | 2025 | down 12.9% | volatile |
| 60 | Antigua and Barbuda | 5.9% | 2025 | up 48.0% | volatile |
| 61 | Andorra | 5.7% | 2024 | up 80.7% | rising |
| 62 | Mauritius | 5.6% | 2024 | up 11.2% | volatile |
| 63 | Brazil | 5.6% | 2025 | up 9.2% | volatile |
| 64 | Russian Federation | 5.5% | 2025 | up 55.5% | rising |
| 65 | Sweden | 5.3% | 2025 | down 26.0% | falling |
| 66 | Dominica | 4.8% | 2025 | up 187.9% | falling |
| 67 | Saint Kitts and Nevis | 4.8% | 2025 | down 0.4% | volatile |
| 68 | Australia | 4.7% | 2025 | down 27.7% | falling |
| 69 | Guatemala | 4.6% | 2024 | up 54.9% | volatile |
| 70 | Iceland | 4.4% | 2025 | up 11.3% | volatile |
| 71 | Saudi Arabia | 4.4% | 2025 | down 25.5% | falling |
| 72 | Senegal | 4.4% | 2023 | up 196.4% | volatile |
| 73 | Korea | 4.2% | 2025 | up 72.9% | volatile |
| 74 | Austria | 4.0% | 2025 | down 22.5% | falling |
| 75 | Spain | 4.0% | 2025 | up 4.2% | rising |
| 76 | Indonesia | 3.9% | 2025 | up 190.6% | volatile |
| 77 | Namibia | 3.9% | 2024 | up 56.7% | volatile |
| 78 | Cameroon | 3.8% | 2024 | down 27.7% | falling |
| 79 | Greece | 3.6% | 2024 | up 97.7% | volatile |
| 80 | Georgia | 3.5% | 2025 | up 274.1% | volatile |
| 81 | Slovakia | 3.5% | 2025 | up 6.0% | falling |
| 82 | Suriname | 3.5% | 2025 | down 19.7% | volatile |
| 83 | Samoa | 3.5% | 2025 | down 25.3% | volatile |
| 84 | Czechia | 3.4% | 2025 | up 15.3% | flat |
| 85 | Eswatini | 3.4% | 2024 | down 78.6% | volatile |
| 86 | Bolivia, Plurinational State of | 3.3% | 2025 | up 1,362.7% | volatile |
| 87 | Rwanda | 3.2% | 2024 | up 23.6% | falling |
| 88 | Côte d'Ivoire | 3.1% | 2024 | up 195.6% | volatile |
| 89 | Egypt | 3.0% | 2025 | up 42.6% | volatile |
| 90 | Ecuador | 3.0% | 2025 | down 27.3% | volatile |
| 91 | Azerbaijan | 3.0% | 2025 | up 549.3% | volatile |
| 92 | India | 2.8% | 2025 | down 41.3% | rising |
| 93 | Dominican Republic | 2.7% | 2025 | up 175.2% | volatile |
| 94 | Saint Vincent and the Grenadines | 2.7% | 2025 | down 9.9% | volatile |
| 95 | El Salvador | 2.6% | 2025 | down 20.2% | volatile |
| 96 | Uganda | 2.5% | 2024 | down 11.1% | rising |
| 97 | Türkiye | 2.5% | 2024 | down 7.3% | rising |
| 98 | Malaysia | 2.5% | 2024 | up 28.1% | volatile |
| 99 | San Marino | 2.4% | 2023 | up 50.1% | rising |
| 100 | Uzbekistan | 2.4% | 2025 | up 20.6% | rising |
| 101 | Bangladesh | 2.3% | 2025 | up 6.5% | volatile |
| 102 | Poland | 2.2% | 2025 | down 9.6% | volatile |
| 103 | Hungary | 2.2% | 2025 | up 51.2% | volatile |
| 104 | Denmark | 2.2% | 2024 | up 43.0% | falling |
| 105 | Latvia | 2.1% | 2025 | down 79.7% | volatile |
| 106 | Ukraine | 2.1% | 2024 | up 34.8% | volatile |
| 107 | Grenada | 2.0% | 2025 | up 55.9% | volatile |
| 108 | Estonia | 1.9% | 2025 | up 7.2% | volatile |
| 109 | Brunei Darussalam | 1.9% | 2025 | up 319.0% | volatile |
| 110 | Tuvalu | 1.9% | 2023 | up 4.0% | volatile |
| 111 | Peru | 1.9% | 2025 | up 23.6% | volatile |
| 112 | Pakistan | 1.8% | 2025 | down 32.7% | volatile |
| 113 | Belize | 1.8% | 2025 | up 114.0% | volatile |
| 114 | Thailand | 1.8% | 2025 | up 60.1% | volatile |
| 115 | Portugal | 1.7% | 2024 | up 0.1% | volatile |
| 116 | Argentina | 1.7% | 2025 | up 179.0% | volatile |
| 117 | Romania | 1.7% | 2025 | down 6.3% | falling |
| 118 | Malawi | 1.7% | 2024 | down 90.3% | volatile |
| 119 | Oman | 1.5% | 2024 | down 16.3% | volatile |
| 120 | Mozambique | 1.5% | 2024 | up 7,382.9% | volatile |
| 121 | China | 1.5% | 2025 | down 56.7% | volatile |
| 122 | Curaçao | 1.4% | 2023 | up 372.4% | volatile |
| 123 | Zambia | 1.4% | 2024 | down 84.6% | volatile |
| 124 | Venezuela, Bolivarian Republic of | 1.4% | 2016 | up 442.1% | volatile |
| 125 | Finland | 1.4% | 2025 | down 26.3% | volatile |
| 126 | Comoros | 1.4% | 2023 | up 698.1% | volatile |
| 127 | Costa Rica | 1.4% | 2025 | up 55.7% | volatile |
| 128 | Vanuatu | 1.3% | 2022 | down 72.0% | volatile |
| 129 | Aruba | 1.3% | 2023 | up 78.1% | volatile |
| 130 | Congo | 1.3% | 2021 | up 56.8% | volatile |
| 131 | Tunisia | 1.3% | 2024 | down 55.1% | rising |
| 132 | Jordan | 1.3% | 2024 | up 14.2% | volatile |
| 133 | Timor-Leste | 1.2% | 2025 | up 2,558.7% | volatile |
| 134 | Barbados | 1.2% | 2017 | down 32.4% | volatile |
| 135 | Sri Lanka | 1.1% | 2024 | down 82.7% | volatile |
| 136 | Croatia | 1.1% | 2024 | up 32.4% | falling |
| 137 | Colombia | 1.1% | 2025 | up 26.7% | volatile |
| 138 | Gabon | 1.1% | 2015 | down 94.3% | volatile |
| 139 | Montenegro | 1.1% | 2025 | up 247.1% | volatile |
| 140 | Syrian Arab Republic | 1.1% | 2010 | down 36.2% | rising |
| 141 | Philippines | 1.1% | 2025 | down 41.4% | volatile |
| 142 | Belarus | 1.0% | 2021 | up 77.7% | volatile |
| 143 | Tanzania, United Republic of | 0.9% | 2024 | down 47.2% | volatile |
| 144 | French Polynesia | 0.9% | 2016 | down 28.3% | rising |
| 145 | Solomon Islands | 0.9% | 2024 | up 1,368.2% | volatile |
| 146 | Nicaragua | 0.8% | 2024 | up 83.9% | flat |
| 147 | Faroe Islands | 0.8% | 2011 | down 90.3% | volatile |
| 148 | Nepal | 0.8% | 2024 | up 190.0% | volatile |
| 149 | Mongolia | 0.8% | 2024 | up 32.2% | volatile |
| 150 | Morocco | 0.7% | 2025 | down 39.4% | flat |
| 151 | Chad | 0.7% | 1994 | up 72.6% | volatile |
| 152 | Honduras | 0.7% | 2025 | up 2,351.3% | volatile |
| 153 | Lao People's Democratic Republic | 0.7% | 2024 | down 59.7% | volatile |
| 154 | Botswana | 0.7% | 2024 | up 81.8% | volatile |
| 155 | Serbia | 0.6% | 2025 | down 64.7% | falling |
| 156 | Kosovo | 0.6% | 2025 | down 71.0% | volatile |
| 156 | Kosovo (UNSCR 1244) | 0.6% | 2025 | down 71.0% | volatile |
| 158 | Paraguay | 0.5% | 2025 | down 39.6% | volatile |
| 159 | Saint Lucia | 0.5% | 2025 | down 29.3% | falling |
| 160 | Madagascar | 0.5% | 2024 | up 133.5% | volatile |
| 161 | New Caledonia | 0.5% | 2016 | up 27.1% | volatile |
| 162 | Congo, Democratic Republic of the | 0.4% | 2025 | down 86.7% | volatile |
| 163 | Bosnia and Herzegovina | 0.4% | 2025 | up 6.8% | volatile |
| 164 | Afghanistan | 0.4% | 2020 | down 93.5% | volatile |
| 165 | Albania | 0.3% | 2025 | up 38.2% | volatile |
| 166 | Cape Verde | 0.3% | 2025 | down 70.6% | volatile |
| 167 | Jamaica | 0.3% | 2024 | down 33.6% | volatile |
| 168 | Palau | 0.3% | 2023 | down 37.9% | volatile |
| 169 | Cambodia | 0.3% | 2025 | down 62.0% | volatile |
| 170 | Zimbabwe | 0.3% | 1994 | down 74.7% | volatile |
| 171 | Fiji | 0.3% | 2024 | down 32.0% | volatile |
| 172 | Sudan | 0.2% | 2022 | down 88.2% | volatile |
| 173 | New Zealand | 0.2% | 2025 | down 92.6% | falling |
| 174 | Seychelles | 0.2% | 2013 | down 53.2% | volatile |
| 175 | Republic of Moldova | 0.2% | 2025 | down 66.7% | volatile |
| 176 | Myanmar | 0.2% | 2019 | down 47.0% | volatile |
| 177 | Lesotho | 0.2% | 2025 | up 103.2% | volatile |
| 178 | North Macedonia | 0.1% | 2025 | down 19.5% | volatile |
| 179 | Iraq | 0.1% | 2024 | down 85.3% | volatile |
| 180 | Sao Tome and Principe | 0.1% | 2024 | up 1,047.2% | volatile |
| 181 | Tonga | 0.1% | 2017 | down 96.9% | volatile |
| 182 | Papua New Guinea | 0.1% | 2024 | down 99.1% | volatile |
| 183 | Gambia | 0.1% | 2024 | down 94.3% | volatile |
| 184 | Ethiopia | 0.1% | 2024 | up 12,630.1% | volatile |
| 185 | Israel | 0.1% | 2025 | down 42.2% | volatile |
| 186 | Maldives | 0.1% | 2010 | down 75.8% | volatile |
| 187 | Sint Maarten (Dutch part) | 0.1% | 2023 | down 88.7% | volatile |
| 188 | Palestine, State of | 0.0% | 2022 | up 3.1% | volatile |
| 189 | Mauritania | 0.0% | 2023 | down 99.4% | volatile |
| 190 | Angola | 0.0% | 2025 | — | volatile |
Regions and income groups
Aggregates are excluded from the country ranking above so that a region can never outrank a country.
- North America 18.6%
- Africa Western and Central 18.5%
- Post-demographic dividend 15.8%
- OECD members 15.0%
- Europe & Central Asia 14.9%
- High income 14.7%
- Euro area 14.1%
- World 12.5%
- European Union 12.3%
- Other small states 12.0%
- Small states 11.3%
- Africa Eastern and Southern 9.3%
- Sub-Saharan Africa (excluding high income) 8.7%
- Sub-Saharan Africa 8.7%
- Sub-Saharan Africa (IDA & IBRD countries) 8.7%
- IDA blend 6.9%
- East Asia & Pacific 6.9%
- Pre-demographic dividend 6.2%
- Heavily indebted poor countries (HIPC) 6.1%
- Latin America & Caribbean 5.5%
- Latin America & the Caribbean (IDA & IBRD countries) 5.5%
- IDA total 5.3%
- Latin America & Caribbean (excluding high income) 5.3%
- Caribbean Small States 4.6%
- IDA only 4.5%
- Early-demographic dividend 3.4%
- Central Europe and the Baltics 3.2%
- Late-demographic dividend 3.1%
- Europe & Central Asia (IDA & IBRD countries) 3.1%
- IDA & IBRD total 3.0%
- Middle East, North Africa, Afghanistan & Pakistan (excluding high income) 3.0%
- Lower middle income 3.0%
- IBRD only 2.9%
- Middle income 2.9%
- Low & middle income 2.9%
- Upper middle income 2.8%
- Europe & Central Asia (excluding high income) 2.8%
- South Asia 2.7%
- South Asia (IDA & IBRD) 2.7%
- Low income 2.1%
About this data
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.