Insurance and financial services in Belgium
Belgium: Insurance and financial services was 8.7% in 2025. ▲ Rising
Insurance and financial services in Belgium, 2002–2025
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of service exports, BoP.
Analysis
Belgium recorded 8.7% for insurance and financial services in 2025.
Compared with earlier readings it is up 9.3% on the previous year and up 2.1% over ten years.
Over the whole period, insurance and financial services in Belgium peaked at 9.7% in 2009 and was at its lowest, 6.5%, in 2007.
That places Belgium 42nd out of 190 countries with data for 2025, putting it in the top quarter.
The long-run direction has been consistently rising across the 24 years of available data.
Insurance and financial services in Belgium, year by year
| Year | % of service exports, BoP | Change |
|---|---|---|
| 2002 | 6.9% | — |
| 2003 | 7.1% | +2.4% |
| 2004 | 7.1% | -0.5% |
| 2005 | 7.4% | +4.2% |
| 2006 | 7.5% | +1.8% |
| 2007 | 6.5% | -13.6% |
| 2008 | 8.9% | +37.2% |
| 2009 | 9.7% | +9.3% |
| 2010 | 8.3% | -14.7% |
| 2011 | 8.1% | -2.2% |
| 2012 | 7.6% | -6.2% |
| 2013 | 8.4% | +9.8% |
| 2014 | 8.5% | +2.0% |
| 2015 | 8.5% | -0.3% |
| 2016 | 8.3% | -2.8% |
| 2017 | 9.1% | +10.4% |
| 2018 | 8.8% | -3.2% |
| 2019 | 8.0% | -9.5% |
| 2020 | 8.3% | +3.6% |
| 2021 | 8.5% | +2.6% |
| 2022 | 7.9% | -6.7% |
| 2023 | 7.3% | -8.1% |
| 2024 | 7.9% | +9.1% |
| 2025 | 8.7% | +9.3% |
Belgium compared with similar countries
- Belgium's 8.7% is above the median for high income countries, which is 5.3%, 1.6× the median. (69 countries reporting)
- Belgium's 8.7% is above the median for Europe & Central Asia, which is 3.5%, 2.5× the median. (51 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 7.6% | 6.5% | 9.7% | 8 |
| 2010s | 8.4% | 7.6% | 9.1% | 10 |
| 2020s | 8.1% | 7.3% | 8.7% | 6 |
Countries ranked near Belgium
More economy & growth data for Belgium
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.04 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 1.25 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps -19.31 billion BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit -0.0266 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita -1,617 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled -28.79 billion BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual 30.39 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit -0.0397 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita -2,411 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 33.22 % change on previous year (2025)
Frequently asked questions
- What is insurance and financial services in Belgium?
- Insurance and financial services in Belgium was 8.7% in 2025, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest insurance and financial services recorded in Belgium?
- The highest recorded value was 9.7% in 2009.
- What is the lowest insurance and financial services recorded in Belgium?
- The lowest recorded value was 6.5% in 2007.
- How does Belgium rank for insurance and financial services?
- Belgium ranks 42nd out of 190 countries with data for 2025.
- Is insurance and financial services rising or falling in Belgium?
- Over the last ten years it is up 2.1%. The long-run trend across the full record is rising.
- Where does this Belgium data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Insurance and financial services (% of service exports, BoP). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 24 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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.