Insurance and financial services in IDA only
IDA only: Insurance and financial services was 4.5% in 2024. ▲ Rising
Insurance and financial services in IDA only, 1983–2024
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 IDA only is 4.5%, measured in 2024.
Compared with earlier readings it is up 6.9% on the previous year and up 74.2% over ten years.
Over the whole period, insurance and financial services in IDA only peaked at 6.7% in 2001 and was at its lowest, 1.6%, in 2004.
That places IDA only 25th out of 45 groups with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 28 years of available data.
Insurance and financial services in IDA only, year by year
| Year | % of service exports, BoP | Change |
|---|---|---|
| 1983 | 2.0% | — |
| 1984 | 2.0% | -1.3% |
| 1986 | 3.2% | +62.0% |
| 1990 | 2.2% | -30.3% |
| 2001 | 6.7% | +199.6% |
| 2002 | 1.9% | -71.4% |
| 2003 | 1.9% | -0.9% |
| 2004 | 1.6% | -15.8% |
| 2005 | 2.1% | +29.7% |
| 2006 | 2.1% | +1.0% |
| 2007 | 2.2% | +4.4% |
| 2008 | 2.6% | +17.6% |
| 2009 | 2.6% | -0.9% |
| 2010 | 1.9% | -25.1% |
| 2011 | 2.5% | +30.9% |
| 2012 | 3.8% | +49.5% |
| 2013 | 2.4% | -35.6% |
| 2014 | 2.6% | +5.8% |
| 2015 | 2.3% | -11.3% |
| 2016 | 2.4% | +4.5% |
| 2017 | 2.2% | -8.2% |
| 2018 | 2.1% | -5.4% |
| 2019 | 1.8% | -13.1% |
| 2020 | 4.4% | +145.9% |
| 2021 | 5.4% | +22.8% |
| 2022 | 4.2% | -21.5% |
| 2023 | 4.2% | -1.8% |
| 2024 | 4.5% | +6.9% |
Biggest year-on-year movements
Years where Insurance and financial services in IDA only 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 |
|---|---|---|---|
| 2001 | +199.6% | 2.2% | 6.7% |
| 2020 | +145.9% | 1.8% | 4.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 2.4% | 2.0% | 3.2% | 3 |
| 1990s | 2.2% | 2.2% | 2.2% | 1 |
| 2000s | 2.6% | 1.6% | 6.7% | 9 |
| 2010s | 2.4% | 1.8% | 3.8% | 10 |
| 2020s | 4.5% | 4.2% | 5.4% | 5 |
Countries ranked near IDA only
More economy & growth data for IDA only
- General government final consumption expenditure (constant 2015 US$) 0.0789 constant 2015 US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 13.49 billion BoP, current US$ (2025)
- Households and NPISHs Final consumption expenditure (constant 2015) 5.01 % change on previous year (2025)
- Households and NPISHs Final consumption expenditure (current US$) 1,096 current US$ per person (2025)
- Households and NPISHs Final consumption expenditure (current US$) 0.7383 current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual -73.92 % change on previous year (2025)
- Households and NPISHs Final consumption expenditure (current US$) 5.75 % change on previous year (2025)
- General government final consumption expenditure (constant 2015 US$) 117.1 constant 2015 US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 10.4 BoP, current US$ per person (2025)
- General government final consumption expenditure (current US$), per 0.0958 current US$ per US$ of GDP (2025)
Frequently asked questions
- What is insurance and financial services in IDA only?
- Insurance and financial services in IDA only was 4.5% 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 only?
- The highest recorded value was 6.7% in 2001.
- What is the lowest insurance and financial services recorded in IDA only?
- The lowest recorded value was 1.6% in 2004.
- How does IDA only rank for insurance and financial services?
- IDA only ranks 25th out of 45 groups with data for 2024.
- Is insurance and financial services rising or falling in IDA only?
- Over the last ten years it is up 74.2%. The long-run trend across the full record is rising.
- Where does this IDA only 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 — 28 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.