Insurance and financial services in Small states
Small states: Insurance and financial services was 11.3% in 2025. ▲ Rising
Insurance and financial services in Small states, 1996–2025
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 Small states stood at 11.3%.
Compared with earlier readings it is up 18.7% on the previous year and down 24.9% over ten years.
Over the whole period, insurance and financial services in Small states peaked at 20.8% in 2011 and was at its lowest, 2.0%, in 1996.
Small states ranks 11th of 45 groups on this measure, in the top quarter.
The long-run direction has been consistently rising across the 23 years of available data.
Insurance and financial services in Small states, year by year
| Year | % of service exports, BoP | Change |
|---|---|---|
| 1996 | 2.0% | — |
| 1997 | 2.2% | +8.8% |
| 1998 | 2.6% | +16.0% |
| 2001 | 3.9% | +52.8% |
| 2002 | 3.4% | -13.4% |
| 2008 | 18.2% | +433.4% |
| 2009 | 17.4% | -4.3% |
| 2010 | 17.4% | -0.1% |
| 2011 | 20.8% | +19.7% |
| 2012 | 16.5% | -20.9% |
| 2013 | 15.6% | -5.6% |
| 2014 | 16.6% | +6.7% |
| 2015 | 15.0% | -9.7% |
| 2016 | 15.1% | +1.0% |
| 2017 | 9.4% | -38.2% |
| 2018 | 8.9% | -4.7% |
| 2019 | 9.0% | +0.4% |
| 2020 | 13.7% | +52.5% |
| 2021 | 12.7% | -6.9% |
| 2022 | 12.0% | -5.7% |
| 2023 | 8.5% | -29.0% |
| 2024 | 9.5% | +11.4% |
| 2025 | 11.3% | +18.7% |
Biggest year-on-year movements
Years where Insurance and financial services in Small states 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 |
|---|---|---|---|
| 2008 | +433.4% | 3.4% | 18.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 2.3% | 2.0% | 2.6% | 3 |
| 2000s | 10.7% | 3.4% | 18.2% | 4 |
| 2010s | 14.4% | 8.9% | 20.8% | 10 |
| 2020s | 11.3% | 8.5% | 13.7% | 6 |
Countries ranked near Small states
- 8 United Kingdom of Great Britain and Northern Ireland 25.0% compare
- 9 Nigeria 22.8% compare
- 10 Switzerland 21.0% compare
- 11 Guinea-Bissau 20.7% compare
- 12 United States of America 19.8% compare
- 13 Cyprus 19.6% compare
- 14 Bermuda 19.3% compare
More economy & growth data for Small states
- General government final consumption expenditure (current US$), per 0.2055 current US$ per US$ of GDP (2025)
- Households and NPISHs Final consumption expenditure (constant 2015) 2.64 % change on previous year (2025)
- Households and NPISHs Final consumption expenditure (current US$) 9,468 current US$ per person (2025)
- Households and NPISHs Final consumption expenditure (current US$) 0.5711 current US$ per US$ of GDP (2025)
- Households and NPISHs Final consumption expenditure (current US$) 9.91 % change on previous year (2025)
- General government final consumption expenditure (constant 2015 US$) 2,363 constant 2015 US$ per person (2025)
- General government final consumption expenditure (constant 2015 US$) 0.1426 constant 2015 US$ per US$ of GDP (2025)
- General government final consumption expenditure (constant 2015 US$) 2.06 % change on previous year (2025)
- General government final consumption expenditure (current US$), per 3,407 current US$ per person (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0009 BoP, current US$ per US$ of GDP (2025)
Frequently asked questions
- What is insurance and financial services in Small states?
- Insurance and financial services in Small states was 11.3% 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 Small states?
- The highest recorded value was 20.8% in 2011.
- What is the lowest insurance and financial services recorded in Small states?
- The lowest recorded value was 2.0% in 1996.
- How does Small states rank for insurance and financial services?
- Small states ranks 11th out of 45 groups with data for 2025.
- Is insurance and financial services rising or falling in Small states?
- Over the last ten years it is down 24.9%. The long-run trend across the full record is rising.
- Where does this Small states 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.