Insurance and financial services in Dominica
Dominica: Insurance and financial services was 4.8% in 2025. ▼ Falling
Insurance and financial services in Dominica, 1986–2025
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of service exports, BoP.
Analysis
Dominica recorded 4.8% for insurance and financial services in 2025.
Compared with earlier readings it is up 6.3% on the previous year and up 187.9% over ten years.
Over the whole period, insurance and financial services in Dominica peaked at 11.2% in 1990 and was at its lowest, 1.7%, in 2015.
That places Dominica 66th out of 190 countries with data for 2025, putting it in the middle of the range.
The long-run direction has been consistently falling across the 40 years of available data.
Insurance and financial services in Dominica, year by year
| Year | % of service exports, BoP | Change |
|---|---|---|
| 1986 | 3.8% | — |
| 1987 | 5.7% | +49.2% |
| 1988 | 4.9% | -13.9% |
| 1989 | 8.3% | +70.5% |
| 1990 | 11.2% | +34.3% |
| 1991 | 3.6% | -67.9% |
| 1992 | 3.2% | -9.6% |
| 1993 | 6.3% | +95.8% |
| 1994 | 3.5% | -44.6% |
| 1995 | 3.3% | -5.3% |
| 1996 | 3.9% | +18.1% |
| 1997 | 3.2% | -19.5% |
| 1998 | 3.0% | -5.6% |
| 1999 | 2.7% | -9.7% |
| 2000 | 4.7% | +76.1% |
| 2001 | 4.7% | -1.7% |
| 2002 | 4.1% | -11.1% |
| 2003 | 3.6% | -12.5% |
| 2004 | 3.6% | -1.5% |
| 2005 | 3.3% | -8.0% |
| 2006 | 2.8% | -15.7% |
| 2007 | 2.8% | +2.0% |
| 2008 | 2.5% | -10.0% |
| 2009 | 2.5% | -1.2% |
| 2010 | 2.2% | -12.2% |
| 2011 | 2.2% | -2.1% |
| 2012 | 2.2% | +3.5% |
| 2013 | 1.9% | -14.5% |
| 2014 | 1.8% | -3.6% |
| 2015 | 1.7% | -9.5% |
| 2016 | 1.7% | +2.1% |
| 2017 | 2.4% | +38.0% |
| 2018 | 4.2% | +78.5% |
| 2019 | 2.5% | -41.2% |
| 2020 | 6.6% | +166.3% |
| 2021 | 5.9% | -11.0% |
| 2022 | 5.0% | -15.1% |
| 2023 | 4.7% | -4.4% |
| 2024 | 4.5% | -4.8% |
| 2025 | 4.8% | +6.3% |
Dominica compared with similar countries
- Dominica's 4.8% is above the median for upper middle income countries, which is 1.8%, 2.7× the median. (53 countries reporting)
- Dominica's 4.8% is above the median for Latin America & Caribbean, which is 2.7%, 1.8× the median. (35 countries reporting)
Biggest year-on-year movements
Years where Insurance and financial services in Dominica changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2020 | +166.3% | 2.5% | 6.6% |
| 1993 | +95.8% | 3.2% | 6.3% |
| 2018 | +78.5% | 2.4% | 4.2% |
| 2000 | +76.1% | 2.7% | 4.7% |
| 1989 | +70.5% | 4.9% | 8.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 5.7% | 3.8% | 8.3% | 4 |
| 1990s | 4.4% | 2.7% | 11.2% | 10 |
| 2000s | 3.5% | 2.5% | 4.7% | 10 |
| 2010s | 2.3% | 1.7% | 4.2% | 10 |
| 2020s | 5.2% | 4.5% | 6.6% | 6 |
Countries ranked near Dominica
More economy & growth data for Dominica
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 2.07 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.4 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps -401,184 BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit -0.0006 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita -6.06 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 49.48 million BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual -17.48 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0684 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 751.15 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 5.59 % change on previous year (2025)
Frequently asked questions
- What is insurance and financial services in Dominica?
- Insurance and financial services in Dominica was 4.8% 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 Dominica?
- The highest recorded value was 11.2% in 1990.
- What is the lowest insurance and financial services recorded in Dominica?
- The lowest recorded value was 1.7% in 2015.
- How does Dominica rank for insurance and financial services?
- Dominica ranks 66th out of 190 countries with data for 2025.
- Is insurance and financial services rising or falling in Dominica?
- Over the last ten years it is up 187.9%. The long-run trend across the full record is falling.
- Where does this Dominica 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
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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.