Insurance and financial services in Dominica
Dominica: Insurance and financial services was 13.0% in 2025. ▲ Rising
Insurance and financial services in Dominica, 1976–2025
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of service imports, BoP.
Analysis
Dominica recorded 13.0% for insurance and financial services in 2025.
The figure is up 13.8% on the previous year and up 3.3% over ten years.
Over the whole period, insurance and financial services in Dominica peaked at 18.6% in 2022 and was at its lowest, 4.4%, in 1985.
That places Dominica 27th out of 197 countries with data for 2025, putting it in the top quarter.
The long-run direction has been consistently rising across the 50 years of available data.
Insurance and financial services in Dominica, year by year
| Year | % of service imports, BoP | Change |
|---|---|---|
| 1976 | 9.5% | — |
| 1977 | 8.7% | -8.1% |
| 1978 | 7.6% | -12.1% |
| 1979 | 8.0% | +4.6% |
| 1980 | 7.6% | -4.5% |
| 1981 | 6.5% | -14.4% |
| 1982 | 6.2% | -4.4% |
| 1983 | 6.2% | -0.3% |
| 1984 | 5.4% | -13.9% |
| 1985 | 4.4% | -17.7% |
| 1986 | 7.3% | +64.6% |
| 1987 | 7.9% | +8.5% |
| 1988 | 10.7% | +36.3% |
| 1989 | 12.2% | +13.8% |
| 1990 | 11.9% | -2.9% |
| 1991 | 11.5% | -3.3% |
| 1992 | 7.3% | -36.1% |
| 1993 | 8.2% | +11.6% |
| 1994 | 8.6% | +5.4% |
| 1995 | 8.8% | +2.3% |
| 1996 | 9.0% | +2.2% |
| 1997 | 8.2% | -8.8% |
| 1998 | 8.7% | +5.6% |
| 1999 | 7.2% | -17.0% |
| 2000 | 11.9% | +65.1% |
| 2001 | 11.0% | -7.7% |
| 2002 | 11.7% | +6.8% |
| 2003 | 10.3% | -12.1% |
| 2004 | 10.0% | -3.2% |
| 2005 | 12.6% | +25.8% |
| 2006 | 12.3% | -1.8% |
| 2007 | 13.0% | +5.6% |
| 2008 | 13.2% | +1.0% |
| 2009 | 12.2% | -7.4% |
| 2010 | 11.4% | -6.5% |
| 2011 | 13.4% | +17.4% |
| 2012 | 13.6% | +1.4% |
| 2013 | 12.7% | -6.1% |
| 2014 | 12.4% | -2.8% |
| 2015 | 12.6% | +1.9% |
| 2016 | 9.5% | -24.4% |
| 2017 | 12.9% | +35.7% |
| 2018 | 14.2% | +9.4% |
| 2019 | 14.0% | -1.0% |
| 2020 | 14.7% | +4.8% |
| 2021 | 16.9% | +15.1% |
| 2022 | 18.6% | +9.7% |
| 2023 | 16.8% | -9.7% |
| 2024 | 11.4% | -31.8% |
| 2025 | 13.0% | +13.8% |
Dominica compared with similar countries
- Dominica's 13.0% is above the median for upper middle income countries, which is 6.2%, 2.1× the median. (55 countries reporting)
- Dominica's 13.0% is above the median for Latin America & Caribbean, which is 10.1%, 1.3× the median. (37 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 8.4% | 7.6% | 9.5% | 4 |
| 1980s | 7.4% | 4.4% | 12.2% | 10 |
| 1990s | 8.9% | 7.2% | 11.9% | 10 |
| 2000s | 11.8% | 10.0% | 13.2% | 10 |
| 2010s | 12.7% | 9.5% | 14.2% | 10 |
| 2020s | 15.2% | 11.4% | 18.6% | 6 |
Countries ranked near Dominica
More economy & growth data for Dominica
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 2.07 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.4 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps -401,184 BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit -0.0006 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita -6.06 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 49.48 million BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual -17.48 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0684 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 751.15 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 5.59 % change on previous year (2025)
Frequently asked questions
- What is insurance and financial services in Dominica?
- Insurance and financial services in Dominica was 13.0% 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 Dominica?
- The highest recorded value was 18.6% in 2022.
- What is the lowest insurance and financial services recorded in Dominica?
- The lowest recorded value was 4.4% in 1985.
- How does Dominica rank for insurance and financial services?
- Dominica ranks 27th out of 197 countries with data for 2025.
- Is insurance and financial services rising or falling in Dominica?
- Over the last ten years it is up 3.3%. The long-run trend across the full record is rising.
- Where does this Dominica 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.
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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.