Insurance and financial services in San Marino
San Marino: Insurance and financial services was 2.4% in 2023. ▲ Rising
Insurance and financial services in San Marino, 2017–2023
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of service exports, BoP.
Analysis
In 2023, insurance and financial services in San Marino stood at 2.4%.
Compared with earlier readings it is up 36.3% on the previous year and up 50.1% over ten years.
That places San Marino 99th out of 190 countries with data for 2023, putting it in the middle of the range.
Insurance and financial services in San Marino, year by year
| Year | % of service exports, BoP | Change |
|---|---|---|
| 2017 | 1.6% | — |
| 2018 | 1.5% | -10.3% |
| 2019 | 1.1% | -21.1% |
| 2020 | 1.1% | -7.4% |
| 2021 | 2.7% | +150.8% |
| 2022 | 1.8% | -33.0% |
| 2023 | 2.4% | +36.3% |
San Marino compared with similar countries
- San Marino's 2.4% is below the median for high income countries, which is 5.3%, 46% of the median. (69 countries reporting)
- San Marino's 2.4% is below the median for Europe & Central Asia, which is 3.5%, 69% of the median. (51 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 1.4% | 1.1% | 1.6% | 3 |
| 2020s | 2.0% | 1.1% | 2.7% | 4 |
Countries ranked near San Marino
More economy & growth data for San Marino
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.38 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 1.3 Percent per annum (2029)
- Taxes less subsidies on products (current LCU), per unit of GDP 0.0677 current LCU per US$ of GDP (2023)
- Taxes less subsidies on products (current LCU), annual growth rate 7.97 % change on previous year (2023)
- Domestic currency per Special drawing rights (End-of-period (EoP)) 1.17 (2025)
- Special drawing rights per domestic currency (End-of-period (EoP)) 0.858 (2025)
- Taxes less subsidies on products (current LCU), per capita 4,055 current LCU per person (2023)
- Gdp worldbank constant usd, per unit of GDP 0.8572 units per US$ of GDP (2023)
- Gdp worldbank constant usd, annual growth rate 0.4015 % change on previous year (2023)
- Gdp worldbank constant usd, per capita 51,324 units per person (2023)
Frequently asked questions
- What is insurance and financial services in San Marino?
- Insurance and financial services in San Marino was 2.4% in 2023, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest insurance and financial services recorded in San Marino?
- The highest recorded value was 2.7% in 2021.
- What is the lowest insurance and financial services recorded in San Marino?
- The lowest recorded value was 1.1% in 2020.
- How does San Marino rank for insurance and financial services?
- San Marino ranks 99th out of 190 countries with data for 2023.
- Is insurance and financial services rising or falling in San Marino?
- Over the last ten years it is up 50.1%. The long-run trend across the full record is rising.
- Where does this San Marino 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.