Insurance and financial services in Low & middle income
Low & middle income: Insurance and financial services was 2.9% in 2025. ▬ Flat
Insurance and financial services in Low & middle income, 1982–2025
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 Low & middle income is 2.9%, measured in 2025.
That represents a change of down 7.5% on the previous year and down 19.7% over ten years.
Over the whole period, insurance and financial services in Low & middle income peaked at 4.8% in 1982 and was at its lowest, 1.6%, in 1997.
Low & middle income ranks 35th of 45 groups on this measure, in the bottom quarter.
Insurance and financial services in Low & middle income, year by year
| Year | % of service exports, BoP | Change |
|---|---|---|
| 1982 | 4.8% | — |
| 1983 | 3.9% | -19.0% |
| 1984 | 3.7% | -4.1% |
| 1985 | 4.3% | +16.9% |
| 1986 | 3.6% | -17.5% |
| 1987 | 3.5% | -1.8% |
| 1988 | 3.7% | +5.4% |
| 1989 | 3.1% | -16.1% |
| 1990 | 2.7% | -13.2% |
| 1991 | 2.7% | +0.7% |
| 1992 | 2.7% | -1.5% |
| 1993 | 2.7% | +1.2% |
| 1994 | 3.2% | +18.9% |
| 1995 | 4.0% | +23.0% |
| 1996 | 2.3% | -42.0% |
| 1997 | 1.6% | -28.2% |
| 1998 | 2.3% | +39.8% |
| 1999 | 2.2% | -4.5% |
| 2000 | 2.5% | +11.9% |
| 2001 | 2.3% | -8.5% |
| 2002 | 1.9% | -15.5% |
| 2003 | 2.3% | +21.5% |
| 2004 | 2.0% | -11.8% |
| 2005 | 2.7% | +30.7% |
| 2006 | 2.7% | +0.7% |
| 2007 | 3.0% | +10.6% |
| 2008 | 3.0% | +2.5% |
| 2009 | 3.0% | -0.0% |
| 2010 | 3.5% | +15.6% |
| 2011 | 3.8% | +7.8% |
| 2012 | 3.5% | -6.9% |
| 2013 | 3.7% | +6.0% |
| 2014 | 3.7% | -0.9% |
| 2015 | 3.6% | -3.0% |
| 2016 | 3.5% | -3.8% |
| 2017 | 3.4% | -2.1% |
| 2018 | 3.3% | -2.6% |
| 2019 | 3.1% | -5.2% |
| 2020 | 3.9% | +25.3% |
| 2021 | 3.8% | -2.7% |
| 2022 | 3.4% | -11.1% |
| 2023 | 3.5% | +2.2% |
| 2024 | 3.1% | -9.9% |
| 2025 | 2.9% | -7.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 3.8% | 3.1% | 4.8% | 8 |
| 1990s | 2.6% | 1.6% | 4.0% | 10 |
| 2000s | 2.5% | 1.9% | 3.0% | 10 |
| 2010s | 3.5% | 3.1% | 3.8% | 10 |
| 2020s | 3.4% | 2.9% | 3.9% | 6 |
Countries ranked near Low & middle income
More economy & growth data for Low & middle income
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0065 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), gaps 267.99 billion BoP, current US$ (2025)
- GDP (current US$), per capita 6,107 current US$ per person (2025)
- Services, value added (current US$), per capita 3,519 current US$ per person (2025)
- Services, value added (constant 2015 US$), annual growth rate 5.02 % change on previous year (2025)
- Services, value added (constant 2015 US$), per unit of GDP 0.5412 constant 2015 US$ per US$ of GDP (2025)
- Services, value added (constant 2015 US$), per capita 3,305 constant 2015 US$ per person (2025)
- GDP (current US$), annual growth rate 5.03 % change on previous year (2025)
- GDP (constant 2015 US$), per unit of GDP 0.9385 constant 2015 US$ per US$ of GDP (2025)
- Gross domestic savings (current US$), annual growth rate 0.7748 % change on previous year (2024)
Frequently asked questions
- What is insurance and financial services in Low & middle income?
- Insurance and financial services in Low & middle income was 2.9% 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 Low & middle income?
- The highest recorded value was 4.8% in 1982.
- What is the lowest insurance and financial services recorded in Low & middle income?
- The lowest recorded value was 1.6% in 1997.
- How does Low & middle income rank for insurance and financial services?
- Low & middle income ranks 35th out of 45 groups with data for 2025.
- Is insurance and financial services rising or falling in Low & middle income?
- Over the last ten years it is down 19.7%. The long-run trend across the full record is flat.
- Where does this Low & middle 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.
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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.