Insurance and financial services in Dominican Republic
Dominican Republic: Insurance and financial services was 11.9% in 2025. ◆ Volatile
Insurance and financial services in Dominican Republic, 1968–2025
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 Dominican Republic stood at 11.9%.
That represents a change of up 0.5% on the previous year and down 26.8% over ten years.
Over the whole period, insurance and financial services in Dominican Republic peaked at 21.5% in 2011 and was at its lowest, 3.2%, in 1969.
That places Dominican Republic 32nd out of 197 countries with data for 2025, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Insurance and financial services in Dominican Republic, year by year
| Year | % of service imports, BoP | Change |
|---|---|---|
| 1968 | 3.3% | — |
| 1969 | 3.2% | -1.1% |
| 1970 | 4.0% | +24.0% |
| 1971 | 4.3% | +5.9% |
| 1972 | 4.4% | +2.7% |
| 1973 | 4.3% | -1.6% |
| 1974 | 5.5% | +28.3% |
| 1975 | 4.9% | -11.3% |
| 1976 | 4.2% | -14.5% |
| 1977 | 3.9% | -7.0% |
| 1978 | 3.5% | -10.3% |
| 1979 | 3.6% | +2.1% |
| 1980 | 4.1% | +15.0% |
| 1981 | 3.9% | -5.9% |
| 1982 | 4.5% | +16.7% |
| 1983 | 4.6% | +1.2% |
| 1984 | 3.8% | -16.3% |
| 1985 | 3.9% | +1.5% |
| 1986 | 3.7% | -5.2% |
| 1987 | 4.5% | +21.3% |
| 1988 | 4.1% | -8.9% |
| 1989 | 4.6% | +13.9% |
| 1990 | 4.0% | -13.2% |
| 1991 | 3.7% | -8.8% |
| 1992 | 4.2% | +14.1% |
| 1993 | 13.9% | +233.1% |
| 1994 | 12.7% | -8.6% |
| 1995 | 10.1% | -20.2% |
| 1996 | 12.7% | +25.0% |
| 1997 | 13.9% | +9.8% |
| 1998 | 13.0% | -6.4% |
| 1999 | 6.9% | -47.0% |
| 2000 | 7.0% | +1.0% |
| 2001 | 8.3% | +19.6% |
| 2002 | 8.9% | +6.8% |
| 2003 | 10.5% | +17.9% |
| 2004 | 9.3% | -11.5% |
| 2005 | 8.1% | -12.6% |
| 2006 | 8.3% | +1.8% |
| 2007 | 7.6% | -8.3% |
| 2008 | 7.1% | -6.9% |
| 2009 | 8.1% | +15.4% |
| 2010 | 17.2% | +110.8% |
| 2011 | 21.5% | +25.4% |
| 2012 | 21.2% | -1.3% |
| 2013 | 19.0% | -10.4% |
| 2014 | 17.6% | -7.3% |
| 2015 | 16.2% | -8.0% |
| 2016 | 13.4% | -17.4% |
| 2017 | 13.6% | +1.6% |
| 2018 | 11.5% | -15.5% |
| 2019 | 10.8% | -6.5% |
| 2020 | 17.7% | +64.7% |
| 2021 | 13.7% | -22.8% |
| 2022 | 14.7% | +7.6% |
| 2023 | 12.9% | -12.3% |
| 2024 | 11.8% | -8.4% |
| 2025 | 11.9% | +0.5% |
Dominican Republic compared with similar countries
- Dominican Republic's 11.9% is above the median for upper middle income countries, which is 6.2%, 1.9× the median. (55 countries reporting)
- Dominican Republic's 11.9% is above the median for Latin America & Caribbean, which is 10.1%, 1.2× the median. (37 countries reporting)
Biggest year-on-year movements
Years where Insurance and financial services in Dominican Republic 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 |
|---|---|---|---|
| 1993 | +233.1% | 4.2% | 13.9% |
| 2010 | +110.8% | 8.1% | 17.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 3.3% | 3.2% | 3.3% | 2 |
| 1970s | 4.3% | 3.5% | 5.5% | 10 |
| 1980s | 4.2% | 3.7% | 4.6% | 10 |
| 1990s | 9.5% | 3.7% | 13.9% | 10 |
| 2000s | 8.3% | 7.0% | 10.5% | 10 |
| 2010s | 16.2% | 10.8% | 21.5% | 10 |
| 2020s | 13.8% | 11.8% | 17.7% | 6 |
Countries ranked near Dominican Republic
More economy & growth data for Dominican Republic
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 4.27 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 5.04 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps -114.00 million BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit -0.0009 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita -9.9 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 4.92 billion BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual 9.9 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0386 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 426.96 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 9.71 % change on previous year (2025)
Frequently asked questions
- What is insurance and financial services in Dominican Republic?
- Insurance and financial services in Dominican Republic was 11.9% 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 Dominican Republic?
- The highest recorded value was 21.5% in 2011.
- What is the lowest insurance and financial services recorded in Dominican Republic?
- The lowest recorded value was 3.2% in 1969.
- How does Dominican Republic rank for insurance and financial services?
- Dominican Republic ranks 32nd out of 197 countries with data for 2025.
- Is insurance and financial services rising or falling in Dominican Republic?
- Over the last ten years it is down 26.8%. The long-run trend across the full record is volatile.
- Where does this Dominican Republic 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.