Insurance and financial services in China
China: Insurance and financial services was 3.0% in 2025. ◆ Volatile
Insurance and financial services in China, 1982–2025
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of service imports, BoP.
Analysis
In 2025, insurance and financial services in China stood at 3.0%.
That represents a change of down 1.8% on the previous year and up 15.7% over ten years.
Over the whole period, insurance and financial services in China peaked at 16.9% in 1995 and was at its lowest, 1.0%, in 1996.
China ranks 154th of 197 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Insurance and financial services in China, year by year
| Year | % of service imports, BoP | Change |
|---|---|---|
| 1982 | 4.4% | — |
| 1983 | 5.5% | +25.5% |
| 1984 | 4.2% | -23.2% |
| 1985 | 2.7% | -35.5% |
| 1986 | 3.6% | +31.8% |
| 1987 | 5.7% | +58.6% |
| 1988 | 5.9% | +3.5% |
| 1989 | 4.8% | -19.1% |
| 1990 | 2.2% | -54.8% |
| 1991 | 5.2% | +140.4% |
| 1992 | 2.9% | -44.1% |
| 1993 | 3.0% | +3.6% |
| 1994 | 11.5% | +283.5% |
| 1995 | 16.9% | +46.9% |
| 1996 | 1.0% | -93.9% |
| 1997 | 4.8% | +369.6% |
| 1998 | 7.1% | +45.8% |
| 1999 | 6.5% | -7.9% |
| 2000 | 7.1% | +8.9% |
| 2001 | 7.1% | -0.2% |
| 2002 | 7.1% | +0.9% |
| 2003 | 8.6% | +21.1% |
| 2004 | 8.6% | -0.5% |
| 2005 | 8.8% | +2.0% |
| 2006 | 9.6% | +10.0% |
| 2007 | 8.6% | -10.6% |
| 2008 | 8.4% | -2.9% |
| 2009 | 7.5% | -10.2% |
| 2010 | 8.9% | +17.9% |
| 2011 | 8.3% | -6.7% |
| 2012 | 8.0% | -3.1% |
| 2013 | 7.8% | -2.6% |
| 2014 | 6.3% | -18.9% |
| 2015 | 2.6% | -58.5% |
| 2016 | 3.4% | +28.9% |
| 2017 | 2.8% | -18.1% |
| 2018 | 2.6% | -6.4% |
| 2019 | 2.8% | +7.9% |
| 2020 | 4.4% | +57.1% |
| 2021 | 5.8% | +31.5% |
| 2022 | 5.5% | -5.6% |
| 2023 | 3.9% | -28.8% |
| 2024 | 3.1% | -20.5% |
| 2025 | 3.0% | -1.8% |
China compared with similar countries
- China's 3.0% is below the median for upper middle income countries, which is 6.2%, 49% of the median. (55 countries reporting)
- China's 3.0% is below the median for East Asia & Pacific, which is 4.9%, 62% of the median. (32 countries reporting)
Biggest year-on-year movements
Years where Insurance and financial services in China 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 |
|---|---|---|---|
| 1997 | +369.6% | 1.0% | 4.8% |
| 1994 | +283.5% | 3.0% | 11.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 4.6% | 2.7% | 5.9% | 8 |
| 1990s | 6.1% | 1.0% | 16.9% | 10 |
| 2000s | 8.1% | 7.1% | 9.6% | 10 |
| 2010s | 5.3% | 2.6% | 8.9% | 10 |
| 2020s | 4.3% | 3.0% | 5.8% | 6 |
Countries ranked near China
More economy & growth data for China
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 3.46 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 3.31 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps 157.21 billion BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0081 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 111.77 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 79.98 billion BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual 87.54 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0041 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 56.86 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 8.47 % change on previous year (2025)
Frequently asked questions
- What is insurance and financial services in China?
- Insurance and financial services in China was 3.0% 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 China?
- The highest recorded value was 16.9% in 1995.
- What is the lowest insurance and financial services recorded in China?
- The lowest recorded value was 1.0% in 1996.
- How does China rank for insurance and financial services?
- China ranks 154th out of 197 countries with data for 2025.
- Is insurance and financial services rising or falling in China?
- Over the last ten years it is up 15.7%. The long-run trend across the full record is volatile.
- Where does this China 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
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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 imports which are services provided by non-residents to residents.