Insurance and financial services in Bahrain
Bahrain: Insurance and financial services was 35.0% in 2024. ◆ Volatile
Insurance and financial services in Bahrain, 1975–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of service imports, BoP.
Analysis
In 2024, insurance and financial services in Bahrain stood at 35.0%.
The figure is down 1.2% on the previous year and down 36.6% over ten years.
Over the whole period, insurance and financial services in Bahrain peaked at 55.8% in 2015 and was at its lowest, 3.4%, in 2000.
Bahrain ranks 2nd of 197 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Insurance and financial services in Bahrain, year by year
| Year | % of service imports, BoP | Change |
|---|---|---|
| 1975 | 6.8% | — |
| 1976 | 6.9% | +2.2% |
| 1977 | 6.9% | -0.2% |
| 1978 | 6.1% | -11.9% |
| 1979 | 6.3% | +3.7% |
| 1980 | 7.0% | +11.3% |
| 1981 | 6.5% | -7.5% |
| 1982 | 4.8% | -25.6% |
| 1983 | 6.5% | +35.4% |
| 1984 | 6.3% | -4.0% |
| 1985 | 6.4% | +1.4% |
| 1986 | 7.3% | +15.6% |
| 1987 | 5.2% | -29.7% |
| 1988 | 4.9% | -5.2% |
| 1989 | 5.6% | +14.9% |
| 1990 | 4.0% | -29.3% |
| 1991 | 4.4% | +11.3% |
| 1992 | 4.5% | +1.4% |
| 1993 | 4.2% | -7.4% |
| 1994 | 4.0% | -3.3% |
| 1995 | 3.6% | -10.9% |
| 1996 | 3.9% | +8.0% |
| 1997 | 3.9% | +1.2% |
| 1998 | 4.1% | +4.9% |
| 1999 | 3.4% | -16.6% |
| 2000 | 3.4% | -0.3% |
| 2001 | 3.6% | +5.9% |
| 2002 | 3.5% | -2.2% |
| 2003 | 4.0% | +12.1% |
| 2004 | 14.2% | +258.8% |
| 2005 | 16.5% | +16.4% |
| 2006 | 19.0% | +15.1% |
| 2007 | 20.7% | +8.7% |
| 2008 | 21.1% | +2.1% |
| 2009 | 24.0% | +13.5% |
| 2010 | 22.7% | -5.5% |
| 2011 | 4.8% | -78.9% |
| 2012 | 49.5% | +937.8% |
| 2013 | 53.2% | +7.4% |
| 2014 | 55.1% | +3.7% |
| 2015 | 55.8% | +1.3% |
| 2016 | 50.3% | -10.0% |
| 2017 | 47.7% | -5.0% |
| 2018 | 50.7% | +6.3% |
| 2019 | 48.4% | -4.6% |
| 2020 | 42.8% | -11.5% |
| 2021 | 38.4% | -10.4% |
| 2022 | 38.6% | +0.7% |
| 2023 | 35.4% | -8.4% |
| 2024 | 35.0% | -1.2% |
Bahrain compared with similar countries
- Bahrain's 35.0% is above the median for high income countries, which is 6.2%, 5.6× the median. (72 countries reporting)
- Bahrain's 35.0% is above the median for Middle East, North Africa, Afghanistan & Pakistan, which is 6.5%, 5.4× the median. (22 countries reporting)
Biggest year-on-year movements
Years where Insurance and financial services in Bahrain 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 |
|---|---|---|---|
| 2012 | +937.8% | 4.8% | 49.5% |
| 2004 | +258.8% | 4.0% | 14.2% |
| 2011 | -78.9% | 22.7% | 4.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 6.6% | 6.1% | 6.9% | 5 |
| 1980s | 6.1% | 4.8% | 7.3% | 10 |
| 1990s | 4.0% | 3.4% | 4.5% | 10 |
| 2000s | 13.0% | 3.4% | 24.0% | 10 |
| 2010s | 43.8% | 4.8% | 55.8% | 10 |
| 2020s | 38.0% | 35.0% | 42.8% | 5 |
Countries ranked near Bahrain
- 1 Luxembourg 49.2% compare
- 3 Cayman Islands 30.2% compare
- 4 Libya 25.6% compare
- 5 Macau, China 21.3% compare
More economy & growth data for Bahrain
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.99 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.81 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps 275.00 million BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0058 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita 173.1 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 2.70 billion BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual -62.6 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0572 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 1,701 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate 6.49 % change on previous year (2025)
Frequently asked questions
- What is insurance and financial services in Bahrain?
- Insurance and financial services in Bahrain was 35.0% in 2024, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest insurance and financial services recorded in Bahrain?
- The highest recorded value was 55.8% in 2015.
- What is the lowest insurance and financial services recorded in Bahrain?
- The lowest recorded value was 3.4% in 2000.
- How does Bahrain rank for insurance and financial services?
- Bahrain ranks 2nd out of 197 countries with data for 2024.
- Is insurance and financial services rising or falling in Bahrain?
- Over the last ten years it is down 36.6%. The long-run trend across the full record is volatile.
- Where does this Bahrain 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 imports, BoP). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 50 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 imports which are services provided by non-residents to residents.