Insurance and financial services in Lower middle income
Lower middle income: Insurance and financial services was 3.0% in 2025. ▲ Rising
Insurance and financial services in Lower middle income, 1977–2025
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 Lower middle income is 3.0%, measured in 2025.
The figure is down 15.6% on the previous year and down 33.9% over ten years.
Over the whole period, insurance and financial services in Lower middle income peaked at 5.6% in 2011 and was at its lowest, 1.4%, in 1995.
That places Lower middle income 32nd out of 45 groups with data for 2025, putting it in the middle of the range.
The long-run direction has been consistently rising across the 49 years of available data.
Insurance and financial services in Lower middle income, year by year
| Year | % of service exports, BoP | Change |
|---|---|---|
| 1977 | 2.2% | — |
| 1978 | 2.7% | +18.8% |
| 1979 | 3.1% | +17.5% |
| 1980 | 2.7% | -14.6% |
| 1981 | 2.2% | -17.7% |
| 1982 | 2.7% | +24.3% |
| 1983 | 1.8% | -32.1% |
| 1984 | 2.2% | +21.2% |
| 1985 | 2.1% | -6.6% |
| 1986 | 2.0% | -2.2% |
| 1987 | 2.5% | +21.6% |
| 1988 | 1.7% | -30.3% |
| 1989 | 1.8% | +1.4% |
| 1990 | 1.6% | -11.8% |
| 1991 | 1.5% | -2.6% |
| 1992 | 1.8% | +19.9% |
| 1993 | 1.6% | -10.9% |
| 1994 | 1.6% | -1.3% |
| 1995 | 1.4% | -11.7% |
| 1996 | 1.8% | +26.7% |
| 1997 | 1.7% | -6.4% |
| 1998 | 1.7% | +1.0% |
| 1999 | 1.8% | +7.5% |
| 2000 | 2.1% | +15.5% |
| 2001 | 2.2% | +6.8% |
| 2002 | 2.6% | +14.1% |
| 2003 | 2.2% | -13.5% |
| 2004 | 2.3% | +2.4% |
| 2005 | 3.0% | +31.5% |
| 2006 | 3.4% | +14.3% |
| 2007 | 3.7% | +9.6% |
| 2008 | 3.8% | +2.1% |
| 2009 | 3.7% | -1.8% |
| 2010 | 5.2% | +40.1% |
| 2011 | 5.6% | +7.7% |
| 2012 | 4.5% | -19.3% |
| 2013 | 4.8% | +5.3% |
| 2014 | 4.4% | -8.3% |
| 2015 | 4.5% | +3.0% |
| 2016 | 4.6% | +1.0% |
| 2017 | 4.0% | -12.8% |
| 2018 | 4.0% | -0.4% |
| 2019 | 3.3% | -15.7% |
| 2020 | 3.8% | +12.5% |
| 2021 | 3.9% | +4.0% |
| 2022 | 3.7% | -5.4% |
| 2023 | 3.8% | +2.7% |
| 2024 | 3.5% | -7.0% |
| 2025 | 3.0% | -15.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 2.7% | 2.2% | 3.1% | 3 |
| 1980s | 2.2% | 1.7% | 2.7% | 10 |
| 1990s | 1.6% | 1.4% | 1.8% | 10 |
| 2000s | 2.9% | 2.1% | 3.8% | 10 |
| 2010s | 4.5% | 3.3% | 5.6% | 10 |
| 2020s | 3.6% | 3.0% | 3.9% | 6 |
Countries ranked near Lower middle income
- 29 Kenya 10.3% compare
- 30 Tajikistan 10.2% compare
- 31 Panama 9.8% compare
- 32 South Sudan 9.8% compare
- 33 Canada 9.7% compare
- 34 South Africa 9.7% compare
- 35 Mali 9.5% compare
More economy & growth data for Lower middle income
- Households and NPISHs Final consumption expenditure (current US$) 0.7321 current US$ per US$ of GDP (2025)
- General government final consumption expenditure (constant 2015 US$) 5.7 % change on previous year (2025)
- General government final consumption expenditure (constant 2015 US$) 0.1054 constant 2015 US$ per US$ of GDP (2025)
- General government final consumption expenditure (constant 2015 US$) 261.65 constant 2015 US$ per person (2025)
- Households and NPISHs Final consumption expenditure (current US$) 6.47 % change on previous year (2025)
- Households and NPISHs Final consumption expenditure (constant 2015) 6.82 % change on previous year (2025)
- Households and NPISHs Final consumption expenditure (constant 2015) 1,785 constant 2015 US$ per person (2025)
- Households and NPISHs Final consumption expenditure (constant 2015) 0.7194 constant 2015 US$ per US$ of GDP (2025)
- General government final consumption expenditure (current US$), per 298.08 current US$ per person (2025)
- Households and NPISHs Final consumption expenditure (current US$) 1,817 current US$ per person (2025)
Frequently asked questions
- What is insurance and financial services in Lower middle income?
- Insurance and financial services in Lower middle income was 3.0% 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 Lower middle income?
- The highest recorded value was 5.6% in 2011.
- What is the lowest insurance and financial services recorded in Lower middle income?
- The lowest recorded value was 1.4% in 1995.
- How does Lower middle income rank for insurance and financial services?
- Lower middle income ranks 32nd out of 45 groups with data for 2025.
- Is insurance and financial services rising or falling in Lower middle income?
- Over the last ten years it is down 33.9%. The long-run trend across the full record is rising.
- Where does this Lower 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.