Insurance and financial services in Saint Vincent and the Grenadines
Saint Vincent and the Grenadines: Insurance and financial services was 2.7% in 2025. ◆ Volatile
Insurance and financial services in Saint Vincent and the Grenadines, 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 Vincent and the Grenadines is 2.7%, measured in 2025.
Compared with earlier readings it is down 7.2% on the previous year and down 9.9% over ten years.
Over the whole period, insurance and financial services in Saint Vincent and the Grenadines peaked at 8.6% in 2021 and was at its lowest, 0.7%, in 1990.
That places Saint Vincent and the Grenadines 94th out of 190 countries with data for 2025, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Insurance and financial services in Saint Vincent and the Grenadines, year by year
| Year | % of service exports, BoP | Change |
|---|---|---|
| 1986 | 1.9% | — |
| 1987 | 1.0% | -47.9% |
| 1988 | 1.4% | +38.6% |
| 1989 | 0.9% | -37.5% |
| 1990 | 0.7% | -24.3% |
| 1991 | 1.2% | +88.8% |
| 1992 | 1.7% | +32.3% |
| 1993 | 1.7% | +5.7% |
| 1994 | 1.6% | -11.0% |
| 1995 | 1.1% | -29.8% |
| 1996 | 0.9% | -13.9% |
| 1997 | 0.9% | -7.8% |
| 1998 | 0.9% | +8.9% |
| 1999 | 1.0% | +2.6% |
| 2000 | 3.5% | +264.8% |
| 2001 | 6.2% | +76.2% |
| 2002 | 5.2% | -16.5% |
| 2003 | 4.8% | -8.3% |
| 2004 | 4.4% | -6.8% |
| 2005 | 4.2% | -4.7% |
| 2006 | 4.2% | -0.2% |
| 2007 | 3.7% | -13.3% |
| 2008 | 4.2% | +16.0% |
| 2009 | 4.1% | -3.9% |
| 2010 | 4.0% | -1.9% |
| 2011 | 4.2% | +5.3% |
| 2012 | 3.8% | -10.2% |
| 2013 | 3.2% | -14.2% |
| 2014 | 3.7% | +12.7% |
| 2015 | 3.0% | -17.7% |
| 2016 | 3.3% | +9.7% |
| 2017 | 3.0% | -7.6% |
| 2018 | 2.6% | -13.1% |
| 2019 | 3.0% | +12.6% |
| 2020 | 7.1% | +136.6% |
| 2021 | 8.6% | +22.4% |
| 2022 | 4.2% | -51.3% |
| 2023 | 3.2% | -23.9% |
| 2024 | 2.9% | -8.8% |
| 2025 | 2.7% | -7.2% |
Saint Vincent and the Grenadines compared with similar countries
- Saint Vincent and the Grenadines's 2.7% is above the median for upper middle income countries, which is 1.8%, 1.5× the median. (53 countries reporting)
- Saint Vincent and the Grenadines's 2.7% is above the median for Latin America & Caribbean, which is 2.7%, 1.0× the median. (35 countries reporting)
Biggest year-on-year movements
Years where Insurance and financial services in Saint Vincent and the Grenadines 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 |
|---|---|---|---|
| 2000 | +264.8% | 1.0% | 3.5% |
| 2020 | +136.6% | 3.0% | 7.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 1.3% | 0.9% | 1.9% | 4 |
| 1990s | 1.2% | 0.7% | 1.7% | 10 |
| 2000s | 4.5% | 3.5% | 6.2% | 10 |
| 2010s | 3.4% | 2.6% | 4.2% | 10 |
| 2020s | 4.8% | 2.7% | 8.6% | 6 |
Countries ranked near Saint Vincent and the Grenadines
- 91 Azerbaijan 3.0% compare
- 92 India 2.8% compare
- 93 Dominican Republic 2.7% compare
- 95 El Salvador 2.6% compare
- 96 Uganda 2.5% compare
- 97 Turkey 2.5% compare
More economy & growth data for Saint Vincent and the Grenadines
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 2.61 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.7 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps -2.08 million BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit -0.0017 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita -20.86 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 111.39 million BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual -19.83 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0887 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 1,115 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate -11.24 % change on previous year (2025)
Frequently asked questions
- What is insurance and financial services in Saint Vincent and the Grenadines?
- Insurance and financial services in Saint Vincent and the Grenadines 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 Saint Vincent and the Grenadines?
- The highest recorded value was 8.6% in 2021.
- What is the lowest insurance and financial services recorded in Saint Vincent and the Grenadines?
- The lowest recorded value was 0.7% in 1990.
- How does Saint Vincent and the Grenadines rank for insurance and financial services?
- Saint Vincent and the Grenadines ranks 94th out of 190 countries with data for 2025.
- Is insurance and financial services rising or falling in Saint Vincent and the Grenadines?
- Over the last ten years it is down 9.9%. The long-run trend across the full record is volatile.
- Where does this Saint Vincent and the Grenadines 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
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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.