Insurance and financial services in Upper middle income
Upper middle income: Insurance and financial services was 2.8% in 2025. ▼ Falling
Insurance and financial services in Upper middle income, 1982–2025
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of service exports, BoP.
Analysis
Upper middle income recorded 2.8% for insurance and financial services in 2025.
That represents a change of down 3.5% on the previous year and down 12.3% over ten years.
Over the whole period, insurance and financial services in Upper middle income peaked at 6.0% in 1982 and was at its lowest, 1.6%, in 1997.
Upper middle income ranks 36th of 45 groups on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 44 years of available data.
Insurance and financial services in Upper middle income, year by year
| Year | % of service exports, BoP | Change |
|---|---|---|
| 1982 | 6.0% | — |
| 1983 | 5.1% | -16.1% |
| 1984 | 4.5% | -10.7% |
| 1985 | 5.6% | +23.9% |
| 1986 | 4.3% | -22.5% |
| 1987 | 4.0% | -7.2% |
| 1988 | 4.6% | +15.3% |
| 1989 | 3.7% | -20.1% |
| 1990 | 3.2% | -12.8% |
| 1991 | 3.2% | -0.3% |
| 1992 | 3.0% | -7.7% |
| 1993 | 3.1% | +3.0% |
| 1994 | 3.7% | +21.0% |
| 1995 | 4.7% | +27.9% |
| 1996 | 2.4% | -48.5% |
| 1997 | 1.6% | -32.8% |
| 1998 | 2.5% | +49.2% |
| 1999 | 2.3% | -6.0% |
| 2000 | 2.6% | +11.2% |
| 2001 | 2.3% | -11.5% |
| 2002 | 1.7% | -23.1% |
| 2003 | 2.4% | +35.9% |
| 2004 | 2.0% | -16.6% |
| 2005 | 2.6% | +29.1% |
| 2006 | 2.4% | -7.6% |
| 2007 | 2.6% | +12.0% |
| 2008 | 2.7% | +1.6% |
| 2009 | 2.7% | +1.2% |
| 2010 | 2.8% | +3.1% |
| 2011 | 3.0% | +7.0% |
| 2012 | 3.1% | +3.1% |
| 2013 | 3.4% | +8.5% |
| 2014 | 3.4% | +2.8% |
| 2015 | 3.2% | -6.3% |
| 2016 | 3.0% | -7.1% |
| 2017 | 3.1% | +5.0% |
| 2018 | 3.0% | -4.0% |
| 2019 | 3.1% | +1.2% |
| 2020 | 4.0% | +32.3% |
| 2021 | 3.8% | -6.5% |
| 2022 | 3.2% | -14.2% |
| 2023 | 3.3% | +1.9% |
| 2024 | 2.9% | -11.4% |
| 2025 | 2.8% | -3.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 4.7% | 3.7% | 6.0% | 8 |
| 1990s | 3.0% | 1.6% | 4.7% | 10 |
| 2000s | 2.4% | 1.7% | 2.7% | 10 |
| 2010s | 3.1% | 2.8% | 3.4% | 10 |
| 2020s | 3.4% | 2.8% | 4.0% | 6 |
Countries ranked near Upper middle income
More economy & growth data for Upper middle income
- Foreign direct investment, net outflows (BoP, current US$), gaps 228.01 billion BoP, current US$ (2025)
- GDP (current US$), annual growth rate 4.63 % change on previous year (2025)
- Services, value added (current US$), per unit of GDP 0.5694 current US$ per US$ of GDP (2025)
- Services, value added (current US$), per capita 6,201 current US$ per person (2025)
- Services, value added (constant 2015 US$), annual growth rate 4.65 % change on previous year (2025)
- Services, value added (constant 2015 US$), per unit of GDP 0.5284 constant 2015 US$ per US$ of GDP (2025)
- Services, value added (constant 2015 US$), per capita 5,754 constant 2015 US$ per person (2025)
- GDP (constant 2015 US$), annual growth rate 4.21 % change on previous year (2025)
- GDP (constant 2015 US$), per capita 10,192 constant 2015 US$ per person (2025)
- GDP (constant 2015 US$), per unit of GDP 0.9359 constant 2015 US$ per US$ of GDP (2025)
Frequently asked questions
- What is insurance and financial services in Upper middle income?
- Insurance and financial services in Upper middle income was 2.8% 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 Upper middle income?
- The highest recorded value was 6.0% in 1982.
- What is the lowest insurance and financial services recorded in Upper middle income?
- The lowest recorded value was 1.6% in 1997.
- How does Upper middle income rank for insurance and financial services?
- Upper middle income ranks 36th out of 45 groups with data for 2025.
- Is insurance and financial services rising or falling in Upper middle income?
- Over the last ten years it is down 12.3%. The long-run trend across the full record is falling.
- Where does this Upper middle income 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.