Insurance and financial services in Italy
Italy: Insurance and financial services was 8.5% in 2025. ▼ Falling
Insurance and financial services in Italy, 1970–2025
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 Italy is 8.5%, measured in 2025.
Compared with earlier readings it is down 2.7% on the previous year and up 31.6% over ten years.
Over the whole period, insurance and financial services in Italy peaked at 10.6% in 2020 and was at its lowest, 3.6%, in 1999.
Italy ranks 43rd of 190 countries on this measure, in the top quarter.
The long-run direction has been consistently falling across the 56 years of available data.
Insurance and financial services in Italy, year by year
| Year | % of service exports, BoP | Change |
|---|---|---|
| 1970 | 8.8% | — |
| 1971 | 8.7% | -1.4% |
| 1972 | 8.8% | +1.4% |
| 1973 | 9.6% | +9.1% |
| 1974 | 9.8% | +1.6% |
| 1975 | 9.3% | -5.5% |
| 1976 | 9.0% | -3.3% |
| 1977 | 7.2% | -19.3% |
| 1978 | 7.5% | +3.2% |
| 1979 | 7.0% | -5.8% |
| 1980 | 7.0% | -0.5% |
| 1981 | 7.8% | +11.1% |
| 1982 | 7.4% | -4.1% |
| 1983 | 6.9% | -7.1% |
| 1984 | 7.6% | +10.4% |
| 1985 | 8.2% | +8.0% |
| 1986 | 7.5% | -9.2% |
| 1987 | 7.8% | +4.4% |
| 1988 | 7.2% | -7.4% |
| 1989 | 8.6% | +19.3% |
| 1990 | 5.8% | -32.6% |
| 1991 | 6.4% | +9.6% |
| 1992 | 7.7% | +20.2% |
| 1993 | 8.8% | +14.3% |
| 1994 | 7.6% | -13.5% |
| 1995 | 7.1% | -6.8% |
| 1996 | 8.4% | +19.5% |
| 1997 | 9.3% | +10.1% |
| 1998 | 5.6% | -39.9% |
| 1999 | 3.6% | -35.5% |
| 2000 | 4.5% | +24.1% |
| 2001 | 6.4% | +42.4% |
| 2002 | 6.9% | +8.5% |
| 2003 | 5.4% | -22.0% |
| 2004 | 5.6% | +4.5% |
| 2005 | 6.0% | +6.9% |
| 2006 | 6.6% | +10.0% |
| 2007 | 6.9% | +4.9% |
| 2008 | 4.4% | -36.9% |
| 2009 | 5.5% | +25.9% |
| 2010 | 5.6% | +2.5% |
| 2011 | 7.1% | +26.1% |
| 2012 | 8.3% | +16.9% |
| 2013 | 6.7% | -19.3% |
| 2014 | 6.7% | +0.5% |
| 2015 | 6.5% | -4.2% |
| 2016 | 7.4% | +14.2% |
| 2017 | 6.9% | -6.5% |
| 2018 | 7.5% | +8.6% |
| 2019 | 6.8% | -8.6% |
| 2020 | 10.6% | +55.5% |
| 2021 | 8.8% | -17.0% |
| 2022 | 6.8% | -23.0% |
| 2023 | 7.5% | +10.3% |
| 2024 | 8.7% | +16.5% |
| 2025 | 8.5% | -2.7% |
Italy compared with similar countries
- Italy's 8.5% is above the median for high income countries, which is 5.3%, 1.6× the median. (69 countries reporting)
- Italy's 8.5% is above the median for Europe & Central Asia, which is 3.5%, 2.4× the median. (51 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 8.6% | 7.0% | 9.8% | 10 |
| 1980s | 7.6% | 6.9% | 8.6% | 10 |
| 1990s | 7.0% | 3.6% | 9.3% | 10 |
| 2000s | 5.8% | 4.4% | 6.9% | 10 |
| 2010s | 7.0% | 5.6% | 8.3% | 10 |
| 2020s | 8.5% | 6.8% | 10.6% | 6 |
Countries ranked near Italy
More economy & growth data for Italy
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.18 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 0.8337 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps 22.90 billion BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.009 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 388.75 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 882.91 million BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual -96.9 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0003 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 14.99 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 49.38 % change on previous year (2025)
Frequently asked questions
- What is insurance and financial services in Italy?
- Insurance and financial services in Italy was 8.5% 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 Italy?
- The highest recorded value was 10.6% in 2020.
- What is the lowest insurance and financial services recorded in Italy?
- The lowest recorded value was 3.6% in 1999.
- How does Italy rank for insurance and financial services?
- Italy ranks 43rd out of 190 countries with data for 2025.
- Is insurance and financial services rising or falling in Italy?
- Over the last ten years it is up 31.6%. The long-run trend across the full record is falling.
- Where does this Italy 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.