Insurance and financial services in South Asia
South Asia: Insurance and financial services was 2.7% in 2025. ▲ Rising
Insurance and financial services in South Asia, 1975–2025
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of service exports, BoP.
Analysis
The most recent figure for insurance and financial services in South Asia is 2.7%, measured in 2025.
That represents a change of down 10.6% on the previous year and down 41.1% over ten years.
Over the whole period, insurance and financial services in South Asia peaked at 6.2% in 2010 and was at its lowest, 1.3%, in 1985.
That places South Asia 38th out of 45 groups with data for 2025, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 51 years of available data.
Insurance and financial services in South Asia, year by year
| Year | % of service exports, BoP | Change |
|---|---|---|
| 1975 | 2.4% | — |
| 1976 | 2.2% | -7.0% |
| 1977 | 2.1% | -7.6% |
| 1978 | 1.7% | -15.1% |
| 1979 | 1.7% | -2.8% |
| 1980 | 1.3% | -21.5% |
| 1981 | 1.4% | +6.8% |
| 1982 | 1.4% | -4.9% |
| 1983 | 1.4% | +0.2% |
| 1984 | 1.5% | +7.2% |
| 1985 | 1.3% | -11.9% |
| 1986 | 2.1% | +66.8% |
| 1987 | 1.6% | -24.9% |
| 1988 | 1.9% | +17.0% |
| 1989 | 2.5% | +32.5% |
| 1990 | 2.6% | +2.6% |
| 1991 | 2.3% | -10.8% |
| 1992 | 2.9% | +27.4% |
| 1993 | 2.5% | -14.5% |
| 1994 | 2.2% | -11.4% |
| 1995 | 2.3% | +5.8% |
| 1996 | 2.8% | +21.2% |
| 1997 | 2.5% | -12.1% |
| 1998 | 2.0% | -17.6% |
| 1999 | 1.8% | -12.6% |
| 2000 | 3.1% | +76.2% |
| 2001 | 5.2% | +64.2% |
| 2002 | 4.4% | -14.0% |
| 2003 | 3.1% | -29.3% |
| 2004 | 3.0% | -4.5% |
| 2005 | 3.9% | +30.1% |
| 2006 | 4.8% | +24.0% |
| 2007 | 5.4% | +11.3% |
| 2008 | 5.3% | -1.6% |
| 2009 | 5.3% | +0.2% |
| 2010 | 6.2% | +17.1% |
| 2011 | 6.2% | -0.3% |
| 2012 | 5.2% | -15.5% |
| 2013 | 5.6% | +7.7% |
| 2014 | 5.0% | -11.4% |
| 2015 | 4.7% | -6.9% |
| 2016 | 4.4% | -5.1% |
| 2017 | 3.8% | -14.5% |
| 2018 | 3.9% | +2.5% |
| 2019 | 3.4% | -11.7% |
| 2020 | 3.1% | -7.9% |
| 2021 | 3.4% | +6.8% |
| 2022 | 3.4% | +2.0% |
| 2023 | 3.5% | +0.7% |
| 2024 | 3.1% | -11.1% |
| 2025 | 2.7% | -10.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 2.0% | 1.7% | 2.4% | 5 |
| 1980s | 1.6% | 1.3% | 2.5% | 10 |
| 1990s | 2.4% | 1.8% | 2.9% | 10 |
| 2000s | 4.4% | 3.0% | 5.4% | 10 |
| 2010s | 4.8% | 3.4% | 6.2% | 10 |
| 2020s | 3.2% | 2.7% | 3.5% | 6 |
Countries ranked near South Asia
More economy & growth data for South Asia
- Households and NPISHs Final consumption expenditure (current US$) 1,589 current US$ per person (2025)
- General government final consumption expenditure (constant 2015 US$) 6.17 % change on previous year (2025)
- General government final consumption expenditure (constant 2015 US$) 0.0821 constant 2015 US$ per US$ of GDP (2025)
- General government final consumption expenditure (constant 2015 US$) 221.99 constant 2015 US$ per person (2025)
- Households and NPISHs Final consumption expenditure (current US$) 5.38 % change on previous year (2025)
- Households and NPISHs Final consumption expenditure (current US$) 0.5874 current US$ per US$ of GDP (2025)
- Households and NPISHs Final consumption expenditure (constant 2015) 0.5559 constant 2015 US$ per US$ of GDP (2025)
- Final consumption expenditure (current US$), annual growth rate 5.44 % change on previous year (2025)
- Households and NPISHs Final consumption expenditure (constant 2015) 1,504 constant 2015 US$ per person (2025)
- General government final consumption expenditure (current US$), per 275.19 current US$ per person (2025)
Frequently asked questions
- What is insurance and financial services in South Asia?
- Insurance and financial services in South Asia was 2.7% 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 South Asia?
- The highest recorded value was 6.2% in 2010.
- What is the lowest insurance and financial services recorded in South Asia?
- The lowest recorded value was 1.3% in 1985.
- How does South Asia rank for insurance and financial services?
- South Asia ranks 38th out of 45 groups with data for 2025.
- Is insurance and financial services rising or falling in South Asia?
- Over the last ten years it is down 41.1%. The long-run trend across the full record is rising.
- Where does this South Asia 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.