Insurance and financial services in Pakistan
Pakistan: Insurance and financial services was 1.8% in 2025. ◆ Volatile
Insurance and financial services in Pakistan, 1976–2025
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of service exports, BoP.
Analysis
In 2025, insurance and financial services in Pakistan stood at 1.8%.
The figure is up 3.1% on the previous year and down 32.7% over ten years.
Over the whole period, insurance and financial services in Pakistan peaked at 4.0% in 2022 and was at its lowest, 0.4%, in 1992.
Pakistan ranks 112th of 190 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Insurance and financial services in Pakistan, year by year
| Year | % of service exports, BoP | Change |
|---|---|---|
| 1976 | 0.8% | — |
| 1977 | 0.4% | -57.4% |
| 1978 | 0.7% | +90.4% |
| 1979 | 1.1% | +60.6% |
| 1980 | 1.8% | +62.1% |
| 1981 | 1.9% | +7.9% |
| 1982 | 1.1% | -42.1% |
| 1983 | 0.6% | -47.9% |
| 1984 | 0.5% | -8.3% |
| 1985 | 0.9% | +66.9% |
| 1986 | 0.5% | -44.6% |
| 1987 | 1.0% | +99.4% |
| 1988 | 0.5% | -48.3% |
| 1989 | 0.5% | -0.7% |
| 1990 | 1.2% | +135.3% |
| 1991 | 0.7% | -40.9% |
| 1992 | 0.4% | -49.6% |
| 1993 | 1.3% | +259.4% |
| 1994 | 1.2% | -7.4% |
| 1995 | 0.8% | -34.9% |
| 1996 | 2.0% | +157.3% |
| 1997 | 2.5% | +27.2% |
| 1998 | 1.3% | -46.9% |
| 1999 | 1.2% | -9.2% |
| 2000 | 1.1% | -7.0% |
| 2001 | 2.0% | +82.7% |
| 2002 | 1.5% | -28.2% |
| 2003 | 1.2% | -21.2% |
| 2004 | 2.1% | +85.7% |
| 2005 | 2.2% | +0.4% |
| 2006 | 2.4% | +12.1% |
| 2007 | 2.8% | +14.3% |
| 2008 | 3.0% | +9.0% |
| 2009 | 3.7% | +22.5% |
| 2010 | 1.4% | -61.3% |
| 2011 | 3.1% | +113.7% |
| 2012 | 1.5% | -52.3% |
| 2013 | 2.9% | +97.6% |
| 2014 | 3.4% | +16.3% |
| 2015 | 2.7% | -18.1% |
| 2016 | 3.5% | +26.2% |
| 2017 | 3.2% | -8.8% |
| 2018 | 3.1% | -0.8% |
| 2019 | 3.5% | +10.8% |
| 2020 | 2.9% | -15.1% |
| 2021 | 3.0% | +3.1% |
| 2022 | 4.0% | +33.0% |
| 2023 | 2.6% | -35.2% |
| 2024 | 1.8% | -31.5% |
| 2025 | 1.8% | +3.1% |
Pakistan compared with similar countries
- Pakistan's 1.8% is above the median for lower middle income countries, which is 1.6%, 1.1× the median. (46 countries reporting)
- Pakistan's 1.8% is below the median for Middle East, North Africa, Afghanistan & Pakistan, which is 2.4%, 76% of the median. (20 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0.7% | 0.4% | 1.1% | 4 |
| 1980s | 0.9% | 0.5% | 1.9% | 10 |
| 1990s | 1.2% | 0.4% | 2.5% | 10 |
| 2000s | 2.2% | 1.1% | 3.7% | 10 |
| 2010s | 2.8% | 1.4% | 3.5% | 10 |
| 2020s | 2.7% | 1.8% | 4.0% | 6 |
Countries ranked near Pakistan
More economy & growth data for Pakistan
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 3.11 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 5 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps 267.00 million BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0007 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 1.05 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 1.85 billion BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual -30.51 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0045 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 7.26 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 43.72 % change on previous year (2025)
Frequently asked questions
- What is insurance and financial services in Pakistan?
- Insurance and financial services in Pakistan was 1.8% 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 Pakistan?
- The highest recorded value was 4.0% in 2022.
- What is the lowest insurance and financial services recorded in Pakistan?
- The lowest recorded value was 0.4% in 1992.
- How does Pakistan rank for insurance and financial services?
- Pakistan ranks 112th out of 190 countries with data for 2025.
- Is insurance and financial services rising or falling in Pakistan?
- Over the last ten years it is down 32.7%. The long-run trend across the full record is volatile.
- Where does this Pakistan 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.