Insurance and financial services in East Asia & Pacific
East Asia & Pacific: Insurance and financial services was 6.9% in 2025. ▲ Rising
Insurance and financial services in East Asia & Pacific, 1989–2025
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of service exports, BoP.
Analysis
In 2025, insurance and financial services in East Asia & Pacific stood at 6.9%.
Compared with earlier readings it is down 15.5% on the previous year and down 8.2% over ten years.
Over the whole period, insurance and financial services in East Asia & Pacific peaked at 11.2% in 2020 and was at its lowest, 1.7%, in 1990.
East Asia & Pacific ranks 17th of 45 groups on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 36 years of available data.
Insurance and financial services in East Asia & Pacific, year by year
| Year | % of service exports, BoP | Change |
|---|---|---|
| 1989 | 2.2% | — |
| 1990 | 1.7% | -23.2% |
| 1991 | 2.2% | +26.8% |
| 1992 | 2.6% | +20.1% |
| 1993 | 2.6% | -1.0% |
| 1994 | 3.2% | +23.0% |
| 1996 | 5.0% | +55.9% |
| 1997 | 3.7% | -24.5% |
| 1998 | 4.1% | +10.0% |
| 1999 | 4.4% | +6.5% |
| 2000 | 4.3% | -2.6% |
| 2001 | 4.2% | -2.2% |
| 2002 | 3.8% | -8.3% |
| 2003 | 4.6% | +21.1% |
| 2004 | 4.6% | -1.8% |
| 2005 | 5.2% | +13.3% |
| 2006 | 6.2% | +20.3% |
| 2007 | 6.5% | +4.3% |
| 2008 | 5.5% | -15.7% |
| 2009 | 5.8% | +5.7% |
| 2010 | 5.5% | -4.0% |
| 2011 | 5.8% | +4.0% |
| 2012 | 5.9% | +2.0% |
| 2013 | 6.3% | +6.9% |
| 2014 | 6.9% | +9.8% |
| 2015 | 7.5% | +8.5% |
| 2016 | 7.6% | +2.1% |
| 2017 | 7.9% | +3.9% |
| 2018 | 8.2% | +2.8% |
| 2019 | 8.3% | +1.4% |
| 2020 | 11.2% | +35.4% |
| 2021 | 10.1% | -9.5% |
| 2022 | 9.1% | -9.7% |
| 2023 | 8.9% | -3.2% |
| 2024 | 8.1% | -8.3% |
| 2025 | 6.9% | -15.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 2.2% | 2.2% | 2.2% | 1 |
| 1990s | 3.3% | 1.7% | 5.0% | 9 |
| 2000s | 5.1% | 3.8% | 6.5% | 10 |
| 2010s | 7.0% | 5.5% | 8.3% | 10 |
| 2020s | 9.1% | 6.9% | 11.2% | 6 |
Countries ranked near East Asia & Pacific
More economy & growth data for East Asia & Pacific
- Agriculture, forestry, and fishing, value added (constant 2015 US$) 769.41 constant 2015 US$ per person (2025)
- Gross capital formation (constant 2015 US$), per unit of GDP 0.3301 constant 2015 US$ per US$ of GDP (2025)
- Gross capital formation (constant 2015 US$), per capita 4,646 constant 2015 US$ per person (2025)
- Imports of goods and services (current US$), annual growth rate 5.97 % change on previous year (2025)
- Imports of goods and services (current US$), per unit of GDP 0.2845 current US$ per US$ of GDP (2025)
- Imports of goods and services (current US$), per capita 4,005 current US$ per person (2025)
- Agriculture, forestry, and fishing, value added (constant 2015 US$) 4.01 % change on previous year (2025)
- Agriculture, forestry, and fishing, value added (constant 2015 US$) 0.0547 constant 2015 US$ per US$ of GDP (2025)
- Inflation, GDP deflator 2.5% (2025)
- Industry (including construction), value added (current US$), per 4,653 current US$ per person (2025)
Frequently asked questions
- What is insurance and financial services in East Asia & Pacific?
- Insurance and financial services in East Asia & Pacific was 6.9% 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 East Asia & Pacific?
- The highest recorded value was 11.2% in 2020.
- What is the lowest insurance and financial services recorded in East Asia & Pacific?
- The lowest recorded value was 1.7% in 1990.
- How does East Asia & Pacific rank for insurance and financial services?
- East Asia & Pacific ranks 17th out of 45 groups with data for 2025.
- Is insurance and financial services rising or falling in East Asia & Pacific?
- Over the last ten years it is down 8.2%. The long-run trend across the full record is rising.
- Where does this East Asia & Pacific 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.