Insurance and financial services in Latin America & Caribbean (excluding high income)
Latin America & Caribbean (excluding high income): Insurance and financial services was 5.3% in 2025. ▼ Falling
Insurance and financial services in Latin America & Caribbean (excluding high income), 1979–2025
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of service exports, BoP.
Analysis
Latin America & Caribbean (excluding high income) recorded 5.3% for insurance and financial services in 2025.
The figure is down 1.2% on the previous year and up 10.0% over ten years.
Over the whole period, insurance and financial services in Latin America & Caribbean (excluding high income) peaked at 7.5% in 2000 and was at its lowest, 3.3%, in 1994.
That places Latin America & Caribbean (excluding high income) 23rd out of 45 groups with data for 2025, putting it in the middle of the range.
The long-run direction has been consistently falling across the 47 years of available data.
Insurance and financial services in Latin America & Caribbean (excluding high income), year by year
| Year | % of service exports, BoP | Change |
|---|---|---|
| 1979 | 5.8% | — |
| 1980 | 6.9% | +19.4% |
| 1981 | 7.4% | +7.0% |
| 1982 | 7.5% | +0.2% |
| 1983 | 5.6% | -25.1% |
| 1984 | 4.9% | -12.5% |
| 1985 | 6.6% | +34.5% |
| 1986 | 4.7% | -28.2% |
| 1987 | 4.8% | +1.8% |
| 1988 | 5.9% | +22.4% |
| 1989 | 4.1% | -29.7% |
| 1990 | 3.6% | -11.8% |
| 1991 | 3.7% | +0.5% |
| 1992 | 3.8% | +3.4% |
| 1993 | 4.8% | +26.7% |
| 1994 | 3.3% | -30.3% |
| 1995 | 5.8% | +72.4% |
| 1996 | 4.3% | -25.3% |
| 1997 | 3.6% | -17.0% |
| 1998 | 6.4% | +78.1% |
| 1999 | 6.1% | -4.5% |
| 2000 | 7.5% | +23.8% |
| 2001 | 5.8% | -22.7% |
| 2002 | 6.1% | +4.4% |
| 2003 | 4.7% | -23.1% |
| 2004 | 3.7% | -20.4% |
| 2005 | 4.7% | +26.1% |
| 2006 | 4.7% | -0.0% |
| 2007 | 6.1% | +30.7% |
| 2008 | 5.8% | -6.1% |
| 2009 | 5.6% | -2.7% |
| 2010 | 5.5% | -2.3% |
| 2011 | 6.2% | +12.7% |
| 2012 | 5.5% | -11.2% |
| 2013 | 6.1% | +12.0% |
| 2014 | 5.1% | -16.4% |
| 2015 | 4.8% | -6.3% |
| 2016 | 4.1% | -15.3% |
| 2017 | 4.7% | +16.5% |
| 2018 | 4.3% | -8.9% |
| 2019 | 4.6% | +7.4% |
| 2020 | 6.6% | +42.1% |
| 2021 | 6.1% | -7.8% |
| 2022 | 5.1% | -16.1% |
| 2023 | 4.8% | -5.0% |
| 2024 | 5.3% | +10.5% |
| 2025 | 5.3% | -1.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 5.8% | 5.8% | 5.8% | 1 |
| 1980s | 5.8% | 4.1% | 7.5% | 10 |
| 1990s | 4.5% | 3.3% | 6.4% | 10 |
| 2000s | 5.5% | 3.7% | 7.5% | 10 |
| 2010s | 5.1% | 4.1% | 6.2% | 10 |
| 2020s | 5.5% | 4.8% | 6.6% | 6 |
Countries ranked near Latin America & Caribbean (excluding high income)
More economy & growth data for Latin America & Caribbean (excluding high income)
- Households and NPISHs Final consumption expenditure (current US$) 7,260 current US$ per person (2025)
- General government final consumption expenditure (constant 2015 US$) 2.11 % change on previous year (2025)
- General government final consumption expenditure (constant 2015 US$) 0.138 constant 2015 US$ per US$ of GDP (2025)
- General government final consumption expenditure (constant 2015 US$) 1,436 constant 2015 US$ per person (2025)
- Households and NPISHs Final consumption expenditure (current US$) 4.18 % change on previous year (2025)
- Households and NPISHs Final consumption expenditure (current US$) 0.6975 current US$ per US$ of GDP (2025)
- Households and NPISHs Final consumption expenditure (constant 2015) 0.5838 constant 2015 US$ per US$ of GDP (2025)
- Final consumption expenditure (current US$), annual growth rate 4.06 % change on previous year (2025)
- Households and NPISHs Final consumption expenditure (constant 2015) 6,076 constant 2015 US$ per person (2025)
- General government final consumption expenditure (current US$), per 1,706 current US$ per person (2025)
All data for Latin America & Caribbean (excluding high income) →
Frequently asked questions
- What is insurance and financial services in Latin America & Caribbean (excluding high income)?
- Insurance and financial services in Latin America & Caribbean (excluding high income) was 5.3% 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 Latin America & Caribbean (excluding high income)?
- The highest recorded value was 7.5% in 2000.
- What is the lowest insurance and financial services recorded in Latin America & Caribbean (excluding high income)?
- The lowest recorded value was 3.3% in 1994.
- How does Latin America & Caribbean (excluding high income) rank for insurance and financial services?
- Latin America & Caribbean (excluding high income) ranks 23rd out of 45 groups with data for 2025.
- Is insurance and financial services rising or falling in Latin America & Caribbean (excluding high income)?
- Over the last ten years it is up 10.0%. The long-run trend across the full record is falling.
- Where does this Latin America & Caribbean (excluding high income) 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 — 47 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.