Insurance and financial services in Luxembourg
Luxembourg: Insurance and financial services was 59.8% in 2025. ▼ Falling
Insurance and financial services in Luxembourg, 1999–2025
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of service exports, BoP.
Analysis
Luxembourg recorded 59.8% for insurance and financial services in 2025.
That represents a change of down 0.1% on the previous year and down 5.9% over ten years.
Over the whole period, insurance and financial services in Luxembourg peaked at 72.7% in 2007 and was at its lowest, 51.5%, in 2023.
That places Luxembourg 2nd out of 190 countries with data for 2025, putting it in the top 10%.
The long-run direction has been consistently falling across the 27 years of available data.
Insurance and financial services in Luxembourg, year by year
| Year | % of service exports, BoP | Change |
|---|---|---|
| 1999 | 65.9% | — |
| 2000 | 69.7% | +5.7% |
| 2001 | 67.4% | -3.4% |
| 2002 | 65.9% | -2.2% |
| 2003 | 63.4% | -3.8% |
| 2004 | 63.5% | +0.2% |
| 2005 | 66.8% | +5.2% |
| 2006 | 71.0% | +6.4% |
| 2007 | 72.7% | +2.4% |
| 2008 | 68.5% | -5.8% |
| 2009 | 65.9% | -3.8% |
| 2010 | 67.0% | +1.6% |
| 2011 | 65.4% | -2.4% |
| 2012 | 64.0% | -2.1% |
| 2013 | 63.5% | -0.7% |
| 2014 | 63.3% | -0.4% |
| 2015 | 63.5% | +0.4% |
| 2016 | 61.3% | -3.4% |
| 2017 | 62.0% | +1.1% |
| 2018 | 60.6% | -2.2% |
| 2019 | 58.4% | -3.7% |
| 2020 | 56.3% | -3.5% |
| 2021 | 55.7% | -1.0% |
| 2022 | 52.8% | -5.3% |
| 2023 | 51.5% | -2.4% |
| 2024 | 59.8% | +16.0% |
| 2025 | 59.8% | -0.1% |
Luxembourg compared with similar countries
- Luxembourg's 59.8% is above the median for high income countries, which is 5.3%, 11.3× the median. (69 countries reporting)
- Luxembourg's 59.8% is above the median for Europe & Central Asia, which is 3.5%, 16.9× the median. (51 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 65.9% | 65.9% | 65.9% | 1 |
| 2000s | 67.5% | 63.4% | 72.7% | 10 |
| 2010s | 62.9% | 58.4% | 67.0% | 10 |
| 2020s | 56.0% | 51.5% | 59.8% | 6 |
Countries ranked near Luxembourg
- 1 Libya 94.1% compare
- 3 Cayman Islands 55.2% compare
- 4 Sierra Leone 32.7% compare
- 5 Bahrain 31.3% compare
More economy & growth data for Luxembourg
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.47 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.3 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps 108.60 billion BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit 1.16 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita 160,408 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled -93.89 billion BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual -188.59 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit -0.9282 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita -136,679 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 9.54 % change on previous year (2025)
Frequently asked questions
- What is insurance and financial services in Luxembourg?
- Insurance and financial services in Luxembourg was 59.8% 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 Luxembourg?
- The highest recorded value was 72.7% in 2007.
- What is the lowest insurance and financial services recorded in Luxembourg?
- The lowest recorded value was 51.5% in 2023.
- How does Luxembourg rank for insurance and financial services?
- Luxembourg ranks 2nd out of 190 countries with data for 2025.
- Is insurance and financial services rising or falling in Luxembourg?
- Over the last ten years it is down 5.9%. The long-run trend across the full record is falling.
- Where does this Luxembourg 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.