Insurance and financial services in Saint Lucia
Saint Lucia: Insurance and financial services was 0.5% in 2025. ▼ Falling
Insurance and financial services in Saint Lucia, 1986–2025
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 Saint Lucia is 0.5%, measured in 2025. That is the lowest value across all 40 years on record.
Compared with earlier readings it is down 33.0% on the previous year and down 29.3% over ten years.
Over the whole period, insurance and financial services in Saint Lucia peaked at 2.4% in 2020 and was at its lowest, 0.5%, in 2025.
Saint Lucia ranks 159th of 190 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 40 years of available data.
Insurance and financial services in Saint Lucia, year by year
| Year | % of service exports, BoP | Change |
|---|---|---|
| 1986 | 1.7% | — |
| 1987 | 1.6% | -3.1% |
| 1988 | 1.4% | -16.0% |
| 1989 | 0.8% | -38.1% |
| 1990 | 1.9% | +122.1% |
| 1991 | 1.5% | -20.2% |
| 1992 | 1.8% | +19.1% |
| 1993 | 1.2% | -29.6% |
| 1994 | 1.2% | -5.6% |
| 1995 | 1.2% | +5.4% |
| 1996 | 1.4% | +11.1% |
| 1997 | 1.2% | -11.8% |
| 1998 | 1.0% | -19.0% |
| 1999 | 1.0% | +4.5% |
| 2000 | 1.4% | +33.7% |
| 2001 | 1.9% | +41.1% |
| 2002 | 1.9% | -0.5% |
| 2003 | 1.6% | -19.6% |
| 2004 | 1.3% | -18.8% |
| 2005 | 1.3% | +5.3% |
| 2006 | 1.9% | +40.9% |
| 2007 | 1.3% | -32.4% |
| 2008 | 1.1% | -13.4% |
| 2009 | 1.7% | +51.3% |
| 2010 | 1.3% | -23.1% |
| 2011 | 1.2% | -4.2% |
| 2012 | 1.2% | -5.4% |
| 2013 | 0.9% | -20.5% |
| 2014 | 0.7% | -22.7% |
| 2015 | 0.7% | -5.6% |
| 2016 | 0.6% | -3.2% |
| 2017 | 0.8% | +18.8% |
| 2018 | 0.8% | -1.1% |
| 2019 | 0.7% | -7.0% |
| 2020 | 2.4% | +236.3% |
| 2021 | 0.8% | -66.7% |
| 2022 | 0.6% | -18.9% |
| 2023 | 0.6% | -13.7% |
| 2024 | 0.7% | +27.4% |
| 2025 | 0.5% | -33.0% |
Saint Lucia compared with similar countries
- Saint Lucia's 0.5% is below the median for upper middle income countries, which is 1.8%, 27% of the median. (53 countries reporting)
- Saint Lucia's 0.5% is below the median for Latin America & Caribbean, which is 2.7%, 18% of the median. (35 countries reporting)
Biggest year-on-year movements
Years where Insurance and financial services in Saint Lucia 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 |
|---|---|---|---|
| 2020 | +236.3% | 0.7% | 2.4% |
| 1990 | +122.1% | 0.8% | 1.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 1.4% | 0.8% | 1.7% | 4 |
| 1990s | 1.3% | 1.0% | 1.9% | 10 |
| 2000s | 1.5% | 1.1% | 1.9% | 10 |
| 2010s | 0.9% | 0.6% | 1.3% | 10 |
| 2020s | 0.9% | 0.5% | 2.4% | 6 |
Countries ranked near Saint Lucia
- 156 Kosovo 0.6% compare
- 156 Kosovo (UNSCR 1244) 0.6% compare
- 158 Paraguay 0.5% compare
- 160 Madagascar 0.5% compare
- 161 New Caledonia 0.5% compare
- 162 Congo, Democratic Republic of the 0.4% compare
More economy & growth data for Saint Lucia
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.31 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 1.5 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps 18.67 million BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.007 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 103.63 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 193.98 million BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual 3.95 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.073 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 1,077 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 10.12 % change on previous year (2025)
Frequently asked questions
- What is insurance and financial services in Saint Lucia?
- Insurance and financial services in Saint Lucia was 0.5% 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 Saint Lucia?
- The highest recorded value was 2.4% in 2020.
- What is the lowest insurance and financial services recorded in Saint Lucia?
- The lowest recorded value was 0.5% in 2025.
- How does Saint Lucia rank for insurance and financial services?
- Saint Lucia ranks 159th out of 190 countries with data for 2025.
- Is insurance and financial services rising or falling in Saint Lucia?
- Over the last ten years it is down 29.3%. The long-run trend across the full record is falling.
- Where does this Saint Lucia 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.
Download this data
CSV · JSON — 40 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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.