Insurance and financial services in IDA blend
IDA blend: Insurance and financial services was 6.9% in 2024. ◆ Volatile
Insurance and financial services in IDA blend, 1977–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of service exports, BoP.
Analysis
IDA blend recorded 6.9% for insurance and financial services in 2024.
Compared with earlier readings it is down 7.3% on the previous year and up 108.5% over ten years.
Over the whole period, insurance and financial services in IDA blend peaked at 9.4% in 2020 and was at its lowest, 1.0%, in 1988.
That places IDA blend 16th out of 45 groups with data for 2024, putting it 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 IDA blend, year by year
| Year | % of service exports, BoP | Change |
|---|---|---|
| 1977 | 1.5% | — |
| 1978 | 3.4% | +126.3% |
| 1979 | 4.1% | +22.2% |
| 1980 | 3.7% | -11.4% |
| 1981 | 2.8% | -23.3% |
| 1982 | 2.2% | -22.1% |
| 1983 | 3.0% | +36.2% |
| 1984 | 2.4% | -20.1% |
| 1985 | 3.5% | +47.0% |
| 1986 | 2.0% | -43.6% |
| 1987 | 1.9% | -2.3% |
| 1988 | 1.0% | -50.4% |
| 1989 | 1.4% | +46.7% |
| 1990 | 1.5% | +4.7% |
| 1991 | 1.0% | -30.5% |
| 1992 | 1.0% | -0.6% |
| 1993 | 1.6% | +60.6% |
| 1994 | 1.3% | -21.9% |
| 1995 | 1.2% | -5.3% |
| 1996 | 1.6% | +33.6% |
| 1997 | 1.6% | +2.1% |
| 1998 | 1.2% | -25.5% |
| 1999 | 1.0% | -21.5% |
| 2000 | 1.3% | +31.4% |
| 2001 | 2.1% | +63.8% |
| 2002 | 1.3% | -36.9% |
| 2003 | 2.4% | +85.1% |
| 2004 | 2.7% | +12.0% |
| 2005 | 3.8% | +39.0% |
| 2006 | 2.5% | -32.5% |
| 2007 | 2.4% | -3.8% |
| 2008 | 2.5% | +0.8% |
| 2009 | 2.8% | +14.8% |
| 2010 | 2.4% | -13.9% |
| 2011 | 2.9% | +19.6% |
| 2012 | 3.0% | +3.7% |
| 2013 | 3.3% | +8.7% |
| 2014 | 3.3% | +0.2% |
| 2015 | 4.3% | +30.4% |
| 2016 | 4.7% | +10.3% |
| 2017 | 5.7% | +20.2% |
| 2018 | 7.7% | +34.0% |
| 2019 | 6.9% | -10.4% |
| 2020 | 9.4% | +36.6% |
| 2021 | 7.8% | -17.0% |
| 2022 | 7.3% | -6.2% |
| 2023 | 7.4% | +1.7% |
| 2024 | 6.9% | -7.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 3.0% | 1.5% | 4.1% | 3 |
| 1980s | 2.4% | 1.0% | 3.7% | 10 |
| 1990s | 1.3% | 1.0% | 1.6% | 10 |
| 2000s | 2.4% | 1.3% | 3.8% | 10 |
| 2010s | 4.4% | 2.4% | 7.7% | 10 |
| 2020s | 7.8% | 6.9% | 9.4% | 5 |
Countries ranked near IDA blend
More economy & growth data for IDA blend
- Industry (including construction), value added (current US$), annual 12.12 % change on previous year (2025)
- Gross value added at basic prices (GVA) 1.20 trillion current US$ (2025)
- Gross value added at basic prices (GVA) 1.41 trillion constant 2015 US$ (2025)
- GDP 1.27 trillion current US$ (2025)
- GDP 1.49 trillion constant 2015 US$ (2025)
- GDP growth 4.6% (2025)
- Manufacturing, value added (constant 2015 US$), per capita 391.39 constant 2015 US$ per person (2025)
- Industry (including construction), value added (current US$), per 408.26 current US$ per person (2025)
- Industry (including construction), value added (current US$), per 0.2217 current US$ per US$ of GDP (2025)
- GDP per capita growth 2.6% (2025)
Frequently asked questions
- What is insurance and financial services in IDA blend?
- Insurance and financial services in IDA blend was 6.9% in 2024, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest insurance and financial services recorded in IDA blend?
- The highest recorded value was 9.4% in 2020.
- What is the lowest insurance and financial services recorded in IDA blend?
- The lowest recorded value was 1.0% in 1988.
- How does IDA blend rank for insurance and financial services?
- IDA blend ranks 16th out of 45 groups with data for 2024.
- Is insurance and financial services rising or falling in IDA blend?
- Over the last ten years it is up 108.5%. The long-run trend across the full record is volatile.
- Where does this IDA blend 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.