Insurance and financial services in Japan
Japan: Insurance and financial services was 7.4% in 2025. ▲ Rising
Insurance and financial services in Japan, 1996–2025
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 Japan is 7.4%, measured in 2025.
The figure is up 5.1% on the previous year and up 1.1% over ten years.
Over the whole period, insurance and financial services in Japan peaked at 10.9% in 2020 and was at its lowest, 2.6%, in 1998.
That places Japan 48th out of 190 countries with data for 2025, putting it in the top quarter.
The long-run direction has been consistently rising across the 30 years of available data.
Insurance and financial services in Japan, year by year
| Year | % of service exports, BoP | Change |
|---|---|---|
| 1996 | 4.9% | — |
| 1997 | 3.1% | -35.4% |
| 1998 | 2.6% | -16.4% |
| 1999 | 3.2% | +21.9% |
| 2000 | 4.4% | +36.3% |
| 2001 | 4.0% | -7.9% |
| 2002 | 4.2% | +3.3% |
| 2003 | 4.9% | +18.6% |
| 2004 | 5.6% | +13.3% |
| 2005 | 5.8% | +3.7% |
| 2006 | 7.1% | +21.8% |
| 2007 | 6.2% | -12.1% |
| 2008 | 4.5% | -27.1% |
| 2009 | 4.7% | +3.5% |
| 2010 | 3.6% | -22.6% |
| 2011 | 4.1% | +12.6% |
| 2012 | 3.1% | -24.2% |
| 2013 | 3.5% | +12.4% |
| 2014 | 5.4% | +55.6% |
| 2015 | 7.3% | +34.8% |
| 2016 | 7.9% | +8.8% |
| 2017 | 6.8% | -14.2% |
| 2018 | 7.1% | +3.6% |
| 2019 | 7.9% | +12.3% |
| 2020 | 10.9% | +37.8% |
| 2021 | 9.2% | -15.5% |
| 2022 | 8.3% | -10.5% |
| 2023 | 7.6% | -8.4% |
| 2024 | 7.0% | -7.2% |
| 2025 | 7.4% | +5.1% |
Japan compared with similar countries
- Japan's 7.4% is above the median for high income countries, which is 5.3%, 1.4× the median. (69 countries reporting)
- Japan's 7.4% is above the median for East Asia & Pacific, which is 1.3%, 5.5× the median. (29 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 3.5% | 2.6% | 4.9% | 4 |
| 2000s | 5.1% | 4.0% | 7.1% | 10 |
| 2010s | 5.7% | 3.1% | 7.9% | 10 |
| 2020s | 8.4% | 7.0% | 10.9% | 6 |
Countries ranked near Japan
- 45 Burundi 8.1% compare
- 46 Lithuania 7.8% compare
- 47 Norway 7.6% compare
- 49 Macau, China 7.0% compare
- 50 Netherlands 6.8% compare
- 51 Central African Republic 6.8%
More economy & growth data for Japan
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.03 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 0.4463 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps 217.76 billion BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0491 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 1,765 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 45.81 billion BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual 142.69 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0103 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 371.3 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 11.44 % change on previous year (2025)
Frequently asked questions
- What is insurance and financial services in Japan?
- Insurance and financial services in Japan was 7.4% 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 Japan?
- The highest recorded value was 10.9% in 2020.
- What is the lowest insurance and financial services recorded in Japan?
- The lowest recorded value was 2.6% in 1998.
- How does Japan rank for insurance and financial services?
- Japan ranks 48th out of 190 countries with data for 2025.
- Is insurance and financial services rising or falling in Japan?
- Over the last ten years it is up 1.1%. The long-run trend across the full record is rising.
- Where does this Japan 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.