Insurance and financial services in Indonesia
Indonesia: Insurance and financial services was 3.9% in 2025. ◆ Volatile
Insurance and financial services in Indonesia, 2002–2025
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of service exports, BoP.
Analysis
Indonesia recorded 3.9% for insurance and financial services in 2025.
Compared with earlier readings it is down 17.5% on the previous year and up 190.6% over ten years.
Over the whole period, insurance and financial services in Indonesia peaked at 7.8% in 2021 and was at its lowest, 0.0%, in 2002.
Indonesia ranks 76th 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 Indonesia, year by year
| Year | % of service exports, BoP | Change |
|---|---|---|
| 2002 | 0.0% | — |
| 2003 | 0.1% | +38.6% |
| 2004 | 2.4% | +4555.3% |
| 2005 | 2.9% | +22.8% |
| 2006 | 2.3% | -20.1% |
| 2007 | 2.8% | +19.7% |
| 2008 | 2.3% | -16.6% |
| 2009 | 1.6% | -29.7% |
| 2010 | 2.5% | +49.1% |
| 2011 | 2.2% | -11.9% |
| 2012 | 1.1% | -51.3% |
| 2013 | 1.2% | +15.3% |
| 2014 | 1.1% | -13.1% |
| 2015 | 1.4% | +28.6% |
| 2016 | 1.8% | +31.3% |
| 2017 | 2.9% | +59.8% |
| 2018 | 2.6% | -7.8% |
| 2019 | 2.0% | -24.6% |
| 2020 | 5.4% | +171.6% |
| 2021 | 7.8% | +44.8% |
| 2022 | 4.9% | -37.7% |
| 2023 | 6.5% | +34.7% |
| 2024 | 4.8% | -26.8% |
| 2025 | 3.9% | -17.5% |
Indonesia compared with similar countries
- Indonesia's 3.9% is above the median for upper middle income countries, which is 1.8%, 2.2× the median. (53 countries reporting)
- Indonesia's 3.9% is above the median for East Asia & Pacific, which is 1.3%, 2.9× the median. (29 countries reporting)
Biggest year-on-year movements
Years where Insurance and financial services in Indonesia 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 |
|---|---|---|---|
| 2004 | +4555.3% | 0.1% | 2.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 1.8% | 0.0% | 2.9% | 8 |
| 2010s | 1.9% | 1.1% | 2.9% | 10 |
| 2020s | 5.6% | 3.9% | 7.8% | 6 |
Countries ranked near Indonesia
More economy & growth data for Indonesia
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 4.36 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 5.07 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps 7.93 billion BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0055 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 27.75 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 22.28 billion BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual -8.21 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0154 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 77.99 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 0.5363 % change on previous year (2025)
Frequently asked questions
- What is insurance and financial services in Indonesia?
- Insurance and financial services in Indonesia was 3.9% 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 Indonesia?
- The highest recorded value was 7.8% in 2021.
- What is the lowest insurance and financial services recorded in Indonesia?
- The lowest recorded value was 0.0% in 2002.
- How does Indonesia rank for insurance and financial services?
- Indonesia ranks 76th out of 190 countries with data for 2025.
- Is insurance and financial services rising or falling in Indonesia?
- Over the last ten years it is up 190.6%. The long-run trend across the full record is volatile.
- Where does this Indonesia 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.