Insurance and financial services in North America
North America: Insurance and financial services was 18.6% in 2025. ◆ Volatile
Insurance and financial services in North America, 1970–2025
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 North America is 18.6%, measured in 2025.
That represents a change of up 2.6% on the previous year and up 12.6% over ten years.
Over the whole period, insurance and financial services in North America peaked at 22.1% in 2021 and was at its lowest, 0.6%, in 1977.
North America ranks 1st of 45 groups on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Insurance and financial services in North America, year by year
| Year | % of service exports, BoP | Change |
|---|---|---|
| 1970 | 0.7% | — |
| 1971 | 0.8% | +11.8% |
| 1972 | 1.2% | +53.4% |
| 1973 | 0.9% | -21.7% |
| 1974 | 0.8% | -18.0% |
| 1975 | 0.9% | +16.8% |
| 1976 | 0.7% | -19.4% |
| 1977 | 0.6% | -20.2% |
| 1978 | 0.6% | +12.1% |
| 1979 | 3.5% | +435.8% |
| 1980 | 3.2% | -8.1% |
| 1981 | 4.7% | +47.5% |
| 1982 | 4.8% | +2.1% |
| 1983 | 5.2% | +8.8% |
| 1984 | 5.0% | -5.0% |
| 1985 | 5.1% | +3.4% |
| 1986 | 5.9% | +14.9% |
| 1987 | 5.8% | -1.3% |
| 1988 | 4.7% | -19.5% |
| 1989 | 4.6% | -2.1% |
| 1990 | 3.8% | -17.8% |
| 1991 | 4.0% | +4.8% |
| 1992 | 3.5% | -10.8% |
| 1993 | 3.9% | +10.4% |
| 1994 | 4.0% | +3.2% |
| 1995 | 4.3% | +5.6% |
| 1996 | 4.5% | +5.5% |
| 1997 | 5.1% | +13.9% |
| 1998 | 5.7% | +11.0% |
| 1999 | 10.0% | +76.2% |
| 2000 | 10.4% | +4.3% |
| 2001 | 10.3% | -1.1% |
| 2002 | 11.2% | +9.0% |
| 2003 | 12.4% | +10.1% |
| 2004 | 13.4% | +8.2% |
| 2005 | 13.5% | +0.6% |
| 2006 | 14.5% | +8.0% |
| 2007 | 16.1% | +10.4% |
| 2008 | 16.2% | +0.6% |
| 2009 | 15.9% | -1.4% |
| 2010 | 16.5% | +3.6% |
| 2011 | 17.1% | +3.8% |
| 2012 | 16.8% | -1.7% |
| 2013 | 16.6% | -1.3% |
| 2014 | 17.2% | +3.6% |
| 2015 | 16.5% | -4.2% |
| 2016 | 16.5% | -0.3% |
| 2017 | 17.2% | +4.6% |
| 2018 | 17.0% | -1.0% |
| 2019 | 16.9% | -0.7% |
| 2020 | 21.8% | +28.6% |
| 2021 | 22.1% | +1.7% |
| 2022 | 18.6% | -16.1% |
| 2023 | 17.8% | -4.2% |
| 2024 | 18.1% | +1.8% |
| 2025 | 18.6% | +2.6% |
Biggest year-on-year movements
Years where Insurance and financial services in North America changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1979 | +435.8% | 0.6% | 3.5% |
| 1999 | +76.2% | 5.7% | 10.0% |
| 1972 | +53.4% | 0.8% | 1.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 1.1% | 0.6% | 3.5% | 10 |
| 1980s | 4.9% | 3.2% | 5.9% | 10 |
| 1990s | 4.9% | 3.5% | 10.0% | 10 |
| 2000s | 13.4% | 10.3% | 16.2% | 10 |
| 2010s | 16.8% | 16.5% | 17.2% | 10 |
| 2020s | 19.5% | 17.8% | 22.1% | 6 |
Countries ranked near North America
- 1 Libya 94.1% compare
- 2 Luxembourg 59.8% compare
- 3 Cayman Islands 55.2% compare
- 4 Sierra Leone 32.7% compare
More economy & growth data for North America
- Foreign direct investment, net inflows (BoP, current US$), per capita 1,224 BoP, current US$ per person (2025)
- General government final consumption expenditure (current US$) 6.1 % change on previous year (2024)
- Foreign direct investment, net outflows (BoP, current US$), gaps 479.40 billion BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0145 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 1,250 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual 30.35 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 469.55 billion BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0142 BoP, current US$ per US$ of GDP (2025)
- Gross value added at basic prices (GVA) 24.38 trillion current US$ (2021)
- Gross fixed capital formation (constant 2015 US$), per unit of GDP 0.1716 constant 2015 US$ per US$ of GDP (2024)
Frequently asked questions
- What is insurance and financial services in North America?
- Insurance and financial services in North America was 18.6% 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 North America?
- The highest recorded value was 22.1% in 2021.
- What is the lowest insurance and financial services recorded in North America?
- The lowest recorded value was 0.6% in 1977.
- How does North America rank for insurance and financial services?
- North America ranks 1st out of 45 groups with data for 2025.
- Is insurance and financial services rising or falling in North America?
- Over the last ten years it is up 12.6%. The long-run trend across the full record is volatile.
- Where does this North America 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 — 56 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.