Insurance and financial services in Norway
Norway: Insurance and financial services was 7.6% in 2025. ◆ Volatile
Insurance and financial services in Norway, 1975–2025
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of service exports, BoP.
Analysis
Norway recorded 7.6% for insurance and financial services in 2025.
That represents a change of down 6.7% on the previous year and down 11.6% over ten years.
Over the whole period, insurance and financial services in Norway peaked at 11.0% in 2018 and was at its lowest, 0.4%, in 1975.
Norway ranks 47th of 190 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Insurance and financial services in Norway, year by year
| Year | % of service exports, BoP | Change |
|---|---|---|
| 1975 | 0.4% | — |
| 1976 | 0.4% | +9.7% |
| 1977 | 0.4% | +10.1% |
| 1978 | 0.4% | -8.5% |
| 1979 | 0.4% | -5.1% |
| 1980 | 0.4% | +1.3% |
| 1981 | 0.4% | -5.5% |
| 1982 | 0.4% | +8.4% |
| 1983 | 0.4% | -1.8% |
| 1984 | 0.4% | +1.0% |
| 1985 | 0.4% | +10.9% |
| 1986 | 0.5% | +14.1% |
| 1987 | 0.5% | +2.7% |
| 1988 | 0.5% | -13.6% |
| 1989 | 0.4% | -13.8% |
| 1990 | 0.4% | +3.0% |
| 1991 | 0.4% | +0.4% |
| 1992 | 4.5% | +1013.0% |
| 1993 | 4.4% | -1.7% |
| 1994 | 4.0% | -9.7% |
| 1995 | 3.6% | -9.3% |
| 1996 | 4.5% | +24.1% |
| 1997 | 3.0% | -33.2% |
| 1998 | 3.4% | +12.7% |
| 1999 | 4.2% | +24.3% |
| 2000 | 3.0% | -27.8% |
| 2001 | 2.9% | -4.4% |
| 2002 | 3.8% | +32.7% |
| 2003 | 4.3% | +13.3% |
| 2004 | 3.6% | -16.3% |
| 2005 | 4.1% | +13.8% |
| 2006 | 4.6% | +10.5% |
| 2007 | 5.2% | +14.4% |
| 2008 | 5.7% | +8.8% |
| 2009 | 5.4% | -5.4% |
| 2010 | 4.3% | -20.4% |
| 2011 | 6.1% | +41.8% |
| 2017 | 8.6% | +41.6% |
| 2018 | 11.0% | +28.2% |
| 2019 | 8.1% | -26.6% |
| 2020 | 9.8% | +21.6% |
| 2021 | 9.5% | -3.1% |
| 2022 | 7.8% | -17.9% |
| 2023 | 8.6% | +9.8% |
| 2024 | 8.1% | -5.2% |
| 2025 | 7.6% | -6.7% |
Norway compared with similar countries
- Norway's 7.6% is above the median for high income countries, which is 5.3%, 1.4× the median. (69 countries reporting)
- Norway's 7.6% is above the median for Europe & Central Asia, which is 3.5%, 2.1× the median. (51 countries reporting)
Biggest year-on-year movements
Years where Insurance and financial services in Norway 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 |
|---|---|---|---|
| 1992 | +1013.0% | 0.4% | 4.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0.4% | 0.4% | 0.4% | 5 |
| 1980s | 0.4% | 0.4% | 0.5% | 10 |
| 1990s | 3.2% | 0.4% | 4.5% | 10 |
| 2000s | 4.3% | 2.9% | 5.7% | 10 |
| 2010s | 7.6% | 4.3% | 11.0% | 5 |
| 2020s | 8.6% | 7.6% | 9.8% | 6 |
Countries ranked near Norway
More economy & growth data for Norway
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 0.7416 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 1.42 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps 1.11 billion BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0021 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 198.35 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled -7.82 billion BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual -164.45 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit -0.0147 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita -1,394 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 5.24 % change on previous year (2025)
Frequently asked questions
- What is insurance and financial services in Norway?
- Insurance and financial services in Norway was 7.6% 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 Norway?
- The highest recorded value was 11.0% in 2018.
- What is the lowest insurance and financial services recorded in Norway?
- The lowest recorded value was 0.4% in 1975.
- How does Norway rank for insurance and financial services?
- Norway ranks 47th out of 190 countries with data for 2025.
- Is insurance and financial services rising or falling in Norway?
- Over the last ten years it is down 11.6%. The long-run trend across the full record is volatile.
- Where does this Norway 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 — 46 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.