Insurance and financial services in Europe & Central Asia
Europe & Central Asia: Insurance and financial services was 14.9% in 2025. ▲ Rising
Insurance and financial services in Europe & Central Asia, 1977–2025
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of service exports, BoP.
Analysis
The most recent figure for insurance and financial services in Europe & Central Asia is 14.9%, measured in 2025.
That represents a change of up 20.7% on the previous year and up 13.6% over ten years.
Over the whole period, insurance and financial services in Europe & Central Asia peaked at 16.1% in 2007 and was at its lowest, 2.9%, in 1981.
Europe & Central Asia ranks 5th of 45 groups on this measure, in the top 10%.
The long-run direction has been consistently rising across the 37 years of available data.
Insurance and financial services in Europe & Central Asia, year by year
| Year | % of service exports, BoP | Change |
|---|---|---|
| 1977 | 2.9% | — |
| 1978 | 3.0% | +2.7% |
| 1981 | 2.9% | -2.8% |
| 1982 | 3.2% | +9.1% |
| 1983 | 3.9% | +23.1% |
| 1986 | 7.4% | +91.1% |
| 1987 | 7.1% | -4.9% |
| 1988 | 7.5% | +6.4% |
| 1989 | 7.5% | +0.3% |
| 1990 | 8.1% | +6.8% |
| 1999 | 12.3% | +52.6% |
| 2000 | 13.3% | +8.0% |
| 2001 | 12.7% | -4.4% |
| 2002 | 12.9% | +1.3% |
| 2003 | 12.8% | -0.0% |
| 2004 | 13.7% | +6.6% |
| 2005 | 14.2% | +3.4% |
| 2006 | 15.5% | +9.3% |
| 2007 | 16.1% | +4.3% |
| 2008 | 14.9% | -7.5% |
| 2009 | 15.4% | +3.5% |
| 2010 | 14.8% | -3.9% |
| 2011 | 14.8% | +0.1% |
| 2012 | 14.9% | +0.6% |
| 2013 | 14.0% | -6.5% |
| 2014 | 13.2% | -5.3% |
| 2015 | 13.2% | -0.6% |
| 2016 | 13.0% | -1.1% |
| 2017 | 12.2% | -6.5% |
| 2018 | 11.9% | -2.2% |
| 2019 | 11.4% | -4.4% |
| 2020 | 13.5% | +18.6% |
| 2021 | 13.4% | -0.8% |
| 2022 | 11.8% | -11.5% |
| 2023 | 12.3% | +3.7% |
| 2024 | 12.4% | +0.8% |
| 2025 | 14.9% | +20.7% |
Biggest year-on-year movements
Years where Insurance and financial services in Europe & Central Asia 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 |
|---|---|---|---|
| 1986 | +91.1% | 3.9% | 7.4% |
| 1999 | +52.6% | 8.1% | 12.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 2.9% | 2.9% | 3.0% | 2 |
| 1980s | 5.6% | 2.9% | 7.5% | 7 |
| 1990s | 10.2% | 8.1% | 12.3% | 2 |
| 2000s | 14.1% | 12.7% | 16.1% | 10 |
| 2010s | 13.3% | 11.4% | 14.9% | 10 |
| 2020s | 13.0% | 11.8% | 14.9% | 6 |
Countries ranked near Europe & Central Asia
- 2 Luxembourg 59.8% compare
- 3 Cayman Islands 55.2% compare
- 4 Sierra Leone 32.7% compare
- 5 Bahrain 31.3% compare
- 6 Liberia 30.3% compare
- 7 Hong Kong 26.9% compare
- 8 United Kingdom 25.0% compare
More economy & growth data for Europe & Central Asia
- General government final consumption expenditure (current US$), per 0.2059 current US$ per US$ of GDP (2025)
- Households and NPISHs Final consumption expenditure (constant 2015) 2.22 % change on previous year (2025)
- Households and NPISHs Final consumption expenditure (current US$) 18,580 current US$ per person (2025)
- Households and NPISHs Final consumption expenditure (current US$) 0.5369 current US$ per US$ of GDP (2025)
- Households and NPISHs Final consumption expenditure (current US$) 10.17 % change on previous year (2025)
- General government final consumption expenditure (constant 2015 US$) 5,268 constant 2015 US$ per person (2025)
- General government final consumption expenditure (constant 2015 US$) 0.1522 constant 2015 US$ per US$ of GDP (2025)
- General government final consumption expenditure (constant 2015 US$) 1.58 % change on previous year (2025)
- General government final consumption expenditure (current US$), per 7,127 current US$ per person (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0105 BoP, current US$ per US$ of GDP (2025)
Frequently asked questions
- What is insurance and financial services in Europe & Central Asia?
- Insurance and financial services in Europe & Central Asia was 14.9% 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 Europe & Central Asia?
- The highest recorded value was 16.1% in 2007.
- What is the lowest insurance and financial services recorded in Europe & Central Asia?
- The lowest recorded value was 2.9% in 1981.
- How does Europe & Central Asia rank for insurance and financial services?
- Europe & Central Asia ranks 5th out of 45 groups with data for 2025.
- Is insurance and financial services rising or falling in Europe & Central Asia?
- Over the last ten years it is up 13.6%. The long-run trend across the full record is rising.
- Where does this Europe & Central Asia 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 — 37 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.