Insurance and financial services in Pre-demographic dividend
Pre-demographic dividend: Insurance and financial services was 6.2% in 2024. ▲ Rising
Insurance and financial services in Pre-demographic dividend, 2005–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of service exports, BoP.
Analysis
In 2024, insurance and financial services in Pre-demographic dividend stood at 6.2%.
The figure is down 5.8% on the previous year and up 77.9% over ten years.
Over the whole period, insurance and financial services in Pre-demographic dividend peaked at 8.2% in 2020 and was at its lowest, 2.6%, in 2007.
That places Pre-demographic dividend 18th out of 45 groups with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 20 years of available data.
Insurance and financial services in Pre-demographic dividend, year by year
| Year | % of service exports, BoP | Change |
|---|---|---|
| 2005 | 3.1% | — |
| 2006 | 2.6% | -14.9% |
| 2007 | 2.6% | -1.8% |
| 2008 | 2.9% | +10.8% |
| 2009 | 2.9% | +2.8% |
| 2010 | 2.9% | -2.6% |
| 2011 | 3.3% | +14.4% |
| 2012 | 5.1% | +56.0% |
| 2013 | 3.3% | -35.0% |
| 2014 | 3.5% | +5.6% |
| 2015 | 4.3% | +23.8% |
| 2016 | 4.7% | +7.2% |
| 2017 | 4.9% | +6.1% |
| 2018 | 6.8% | +37.1% |
| 2019 | 5.7% | -16.2% |
| 2020 | 8.2% | +44.1% |
| 2021 | 6.5% | -20.2% |
| 2022 | 5.6% | -14.7% |
| 2023 | 6.6% | +18.9% |
| 2024 | 6.2% | -5.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 2.8% | 2.6% | 3.1% | 5 |
| 2010s | 4.5% | 2.9% | 6.8% | 10 |
| 2020s | 6.6% | 5.6% | 8.2% | 5 |
Countries ranked near Pre-demographic dividend
More economy & growth data for Pre-demographic dividend
- GDP per capita 1,470 current US$ (2025)
- Gross value added at basic prices (GVA) 1.58 trillion current US$ (2025)
- Gross value added at basic prices (GVA) 1.58 trillion constant 2015 US$ (2025)
- GDP 1.67 trillion current US$ (2025)
- GDP 1.65 trillion constant 2015 US$ (2025)
- GDP growth 3.6% (2025)
- Agriculture, forestry, and fishing, value added (constant 2015 US$) 0.1927 constant 2015 US$ per US$ of GDP (2025)
- Agriculture, forestry, and fishing, value added (constant 2015 US$) 283.34 constant 2015 US$ per person (2025)
- GNI 1.62 trillion current US$ (2025)
- GNI, Atlas method 1.62 trillion current US$ (2025)
Frequently asked questions
- What is insurance and financial services in Pre-demographic dividend?
- Insurance and financial services in Pre-demographic dividend was 6.2% in 2024, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest insurance and financial services recorded in Pre-demographic dividend?
- The highest recorded value was 8.2% in 2020.
- What is the lowest insurance and financial services recorded in Pre-demographic dividend?
- The lowest recorded value was 2.6% in 2007.
- How does Pre-demographic dividend rank for insurance and financial services?
- Pre-demographic dividend ranks 18th out of 45 groups with data for 2024.
- Is insurance and financial services rising or falling in Pre-demographic dividend?
- Over the last ten years it is up 77.9%. The long-run trend across the full record is rising.
- Where does this Pre-demographic dividend 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.