Insurance and financial services in Iran, Islamic Republic of
Iran, Islamic Republic of: Insurance and financial services was 10.5% in 2000. ◆ Volatile
Insurance and financial services in Iran, Islamic Republic of, 1983–2000
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 Iran, Islamic Republic of is 10.5%, measured in 2000.
That represents a change of up 20.4% on the previous year and up 107.9% over ten years.
Over the whole period, insurance and financial services in Iran, Islamic Republic of peaked at 29.6% in 1989 and was at its lowest, 3.7%, in 1998.
Iran, Islamic Republic of ranks 27th of 190 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Insurance and financial services in Iran, Islamic Republic of, year by year
| Year | % of service exports, BoP | Change |
|---|---|---|
| 1983 | 13.5% | — |
| 1984 | 17.9% | +32.4% |
| 1985 | 23.8% | +32.9% |
| 1986 | 15.3% | -35.7% |
| 1987 | 21.2% | +38.7% |
| 1988 | 29.5% | +39.1% |
| 1989 | 29.6% | +0.3% |
| 1990 | 5.0% | -83.0% |
| 1991 | 24.1% | +377.7% |
| 1992 | 9.5% | -60.7% |
| 1993 | 5.2% | -45.5% |
| 1994 | 11.2% | +116.6% |
| 1995 | 7.9% | -29.2% |
| 1996 | 11.5% | +45.2% |
| 1997 | 6.0% | -47.5% |
| 1998 | 3.7% | -38.1% |
| 1999 | 8.7% | +133.3% |
| 2000 | 10.5% | +20.4% |
Iran, Islamic Republic of compared with similar countries
- Iran, Islamic Republic of's 10.5% is above the median for upper middle income countries, which is 1.8%, 5.9× the median. (53 countries reporting)
- Iran, Islamic Republic of's 10.5% is above the median for Middle East, North Africa, Afghanistan & Pakistan, which is 2.4%, 4.3× the median. (20 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 21.5% | 13.5% | 29.6% | 7 |
| 1990s | 9.3% | 3.7% | 24.1% | 10 |
| 2000s | 10.5% | 10.5% | 10.5% | 1 |
Countries ranked near Iran, Islamic Republic of
More economy & growth data for Iran, Islamic Republic of
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.48 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps 89.42 million BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0002 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita 0.9766 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 1.45 billion BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual 1.88 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.003 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 15.83 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate 130.68 % change on previous year (1982)
Frequently asked questions
- What is insurance and financial services in Iran, Islamic Republic of?
- Insurance and financial services in Iran, Islamic Republic of was 10.5% in 2000, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest insurance and financial services recorded in Iran, Islamic Republic of?
- The highest recorded value was 29.6% in 1989.
- What is the lowest insurance and financial services recorded in Iran, Islamic Republic of?
- The lowest recorded value was 3.7% in 1998.
- How does Iran, Islamic Republic of rank for insurance and financial services?
- Iran, Islamic Republic of ranks 27th out of 190 countries with data for 2000.
- Is insurance and financial services rising or falling in Iran, Islamic Republic of?
- Over the last ten years it is up 107.9%. The long-run trend across the full record is volatile.
- Where does this Iran, Islamic Republic of 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.