Insurance and financial services in Ecuador
Ecuador: Insurance and financial services was 3.0% in 2025. ◆ Volatile
Insurance and financial services in Ecuador, 1976–2025
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 Ecuador stood at 3.0%.
That represents a change of up 66.8% on the previous year and down 27.3% over ten years.
Over the whole period, insurance and financial services in Ecuador peaked at 27.0% in 1978 and was at its lowest, 0.0%, in 2006.
Ecuador ranks 90th of 190 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Insurance and financial services in Ecuador, year by year
| Year | % of service exports, BoP | Change |
|---|---|---|
| 1976 | 26.5% | — |
| 1977 | 18.1% | -31.7% |
| 1978 | 27.0% | +49.0% |
| 1979 | 19.4% | -28.0% |
| 1980 | 16.0% | -17.8% |
| 1981 | 17.8% | +11.7% |
| 1982 | 13.4% | -24.7% |
| 1983 | 10.8% | -19.4% |
| 1984 | 10.0% | -7.9% |
| 1985 | 7.8% | -21.6% |
| 1986 | 7.3% | -7.1% |
| 1987 | 7.1% | -1.8% |
| 1988 | 7.0% | -1.1% |
| 1989 | 7.9% | +12.8% |
| 1990 | 8.7% | +9.9% |
| 1991 | 9.0% | +2.9% |
| 1992 | 8.4% | -6.3% |
| 1993 | 0.0% | -99.5% |
| 1994 | 0.0% | +16.6% |
| 1995 | 0.0% | -46.7% |
| 1996 | 0.1% | +507.6% |
| 1997 | 0.0% | -94.1% |
| 1998 | 1.5% | +17683.1% |
| 1999 | 0.0% | -97.3% |
| 2000 | 0.2% | +263.7% |
| 2001 | 0.1% | -43.1% |
| 2002 | 0.0% | -45.4% |
| 2003 | 0.1% | +95.7% |
| 2004 | 0.0% | -87.1% |
| 2005 | 0.1% | +505.7% |
| 2006 | 0.0% | -98.9% |
| 2014 | 4.1% | +530506.8% |
| 2015 | 4.1% | +0.2% |
| 2016 | 1.8% | -56.3% |
| 2017 | 1.4% | -19.8% |
| 2018 | 2.1% | +50.3% |
| 2019 | 2.4% | +11.7% |
| 2020 | 3.7% | +53.3% |
| 2021 | 2.7% | -26.7% |
| 2022 | 1.4% | -47.9% |
| 2023 | 1.7% | +19.3% |
| 2024 | 1.8% | +6.2% |
| 2025 | 3.0% | +66.8% |
Ecuador compared with similar countries
- Ecuador's 3.0% is above the median for upper middle income countries, which is 1.8%, 1.7× the median. (53 countries reporting)
- Ecuador's 3.0% is above the median for Latin America & Caribbean, which is 2.7%, 1.1× the median. (35 countries reporting)
Biggest year-on-year movements
Years where Insurance and financial services in Ecuador 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 |
|---|---|---|---|
| 2014 | +530506.8% | 0.0% | 4.1% |
| 1998 | +17683.1% | 0.0% | 1.5% |
| 1996 | +507.6% | 0.0% | 0.1% |
| 2005 | +505.7% | 0.0% | 0.1% |
| 2000 | +263.7% | 0.0% | 0.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 22.7% | 18.1% | 27.0% | 4 |
| 1980s | 10.5% | 7.0% | 17.8% | 10 |
| 1990s | 2.8% | 0.0% | 9.0% | 10 |
| 2000s | 0.1% | 0.0% | 0.2% | 7 |
| 2010s | 2.7% | 1.4% | 4.1% | 6 |
| 2020s | 2.4% | 1.4% | 3.7% | 6 |
Countries ranked near Ecuador
- 87 Rwanda 3.2% compare
- 88 Côte d'Ivoire 3.1% compare
- 89 Egypt 3.0% compare
- 91 Azerbaijan 3.0% compare
- 92 India 2.8% compare
- 93 Dominican Republic 2.7% compare
More economy & growth data for Ecuador
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.54 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.51 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps 0 BoP, current US$ (1989)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0 BoP, current US$ per US$ of GDP (1989)
- Foreign direct investment, net outflows (BoP, current US$), per capita 0 BoP, current US$ per person (1989)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 1.30 billion BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual 191.26 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.01 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 71.04 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 41.84 % change on previous year (2025)
Frequently asked questions
- What is insurance and financial services in Ecuador?
- Insurance and financial services in Ecuador was 3.0% 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 Ecuador?
- The highest recorded value was 27.0% in 1978.
- What is the lowest insurance and financial services recorded in Ecuador?
- The lowest recorded value was 0.0% in 2006.
- How does Ecuador rank for insurance and financial services?
- Ecuador ranks 90th out of 190 countries with data for 2025.
- Is insurance and financial services rising or falling in Ecuador?
- Over the last ten years it is down 27.3%. The long-run trend across the full record is volatile.
- Where does this Ecuador 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 — 43 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.