Insurance and financial services in European Union
European Union: Insurance and financial services was 12.3% in 2025. ▲ Rising
Insurance and financial services in European Union, 1976–2025
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 European Union is 12.3%, measured in 2025. That is the highest value across all 42 years on record.
That represents a change of up 18.2% on the previous year and up 17.4% over ten years.
Over the whole period, insurance and financial services in European Union peaked at 12.3% in 2025 and was at its lowest, 2.9%, in 1980.
European Union ranks 9th of 45 groups on this measure, in the top quarter.
The long-run direction has been consistently rising across the 42 years of available data.
Insurance and financial services in European Union, year by year
| Year | % of service exports, BoP | Change |
|---|---|---|
| 1976 | 3.0% | — |
| 1977 | 3.0% | -2.2% |
| 1978 | 3.0% | +2.7% |
| 1979 | 3.0% | -2.1% |
| 1980 | 2.9% | -2.8% |
| 1981 | 3.0% | +3.5% |
| 1982 | 3.2% | +8.1% |
| 1983 | 3.1% | -2.7% |
| 1984 | 3.2% | +2.8% |
| 1985 | 3.5% | +7.6% |
| 1986 | 3.8% | +10.6% |
| 1987 | 3.9% | +1.2% |
| 1988 | 4.7% | +21.8% |
| 1989 | 5.4% | +13.8% |
| 1990 | 6.0% | +10.2% |
| 1999 | 7.8% | +30.5% |
| 2000 | 8.2% | +5.5% |
| 2001 | 7.4% | -9.5% |
| 2002 | 8.3% | +11.9% |
| 2003 | 7.8% | -6.3% |
| 2004 | 9.4% | +20.8% |
| 2005 | 9.8% | +4.6% |
| 2006 | 10.9% | +11.4% |
| 2007 | 11.3% | +2.9% |
| 2008 | 10.7% | -4.8% |
| 2009 | 11.6% | +8.0% |
| 2010 | 11.4% | -1.1% |
| 2011 | 11.5% | +0.1% |
| 2012 | 11.8% | +2.8% |
| 2013 | 11.2% | -5.2% |
| 2014 | 10.5% | -5.5% |
| 2015 | 10.5% | -0.8% |
| 2016 | 10.5% | +0.3% |
| 2017 | 9.8% | -6.7% |
| 2018 | 9.4% | -3.9% |
| 2019 | 9.4% | -0.5% |
| 2020 | 11.0% | +17.6% |
| 2021 | 11.1% | +0.6% |
| 2022 | 9.7% | -12.9% |
| 2023 | 10.1% | +4.8% |
| 2024 | 10.4% | +2.7% |
| 2025 | 12.3% | +18.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 3.0% | 3.0% | 3.0% | 4 |
| 1980s | 3.7% | 2.9% | 5.4% | 10 |
| 1990s | 6.9% | 6.0% | 7.8% | 2 |
| 2000s | 9.5% | 7.4% | 11.6% | 10 |
| 2010s | 10.6% | 9.4% | 11.8% | 10 |
| 2020s | 10.8% | 9.7% | 12.3% | 6 |
Countries ranked near European Union
- 6 Liberia 30.3% compare
- 7 Hong Kong 26.9% compare
- 8 United Kingdom 25.0% compare
- 9 Nigeria 22.8% compare
- 10 Switzerland 21.0% compare
- 11 Guinea-Bissau 20.7% compare
- 12 United States 19.8% compare
More economy & growth data for European Union
- Gross national expenditure (current US$), per capita 45,294 current US$ per person (2025)
- Exports of goods and services (current US$), per unit of GDP 0.4961 current US$ per US$ of GDP (2025)
- Exports of goods and services (current US$), annual growth rate 7.29 % change on previous year (2025)
- Gross national expenditure (constant 2015 US$), per capita 33,955 constant 2015 US$ per person (2025)
- Gross national expenditure (constant 2015 US$), per unit of GDP 0.7211 constant 2015 US$ per US$ of GDP (2025)
- Gross national expenditure (constant 2015 US$), annual growth rate 2.12 % change on previous year (2025)
- Final consumption expenditure (constant 2015 US$), per capita 26,328 constant 2015 US$ per person (2025)
- Final consumption expenditure (constant 2015 US$), annual growth rate 1.59 % change on previous year (2025)
- Final consumption expenditure (constant 2015 US$), per unit of GDP 0.5591 constant 2015 US$ per US$ of GDP (2025)
- Exports of goods and services (current US$), per capita 23,360 current US$ per person (2025)
Frequently asked questions
- What is insurance and financial services in European Union?
- Insurance and financial services in European Union was 12.3% 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 European Union?
- The highest recorded value was 12.3% in 2025.
- What is the lowest insurance and financial services recorded in European Union?
- The lowest recorded value was 2.9% in 1980.
- How does European Union rank for insurance and financial services?
- European Union ranks 9th out of 45 groups with data for 2025.
- Is insurance and financial services rising or falling in European Union?
- Over the last ten years it is up 17.4%. The long-run trend across the full record is rising.
- Where does this European Union 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.
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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.