Insurance and financial services in Ecuador
Ecuador: Insurance and financial services was 14.0% in 2025. ▲ Rising
Insurance and financial services in Ecuador, 1976–2025
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of service imports, BoP.
Analysis
Ecuador recorded 14.0% for insurance and financial services in 2025.
Compared with earlier readings it is up 10.5% on the previous year and up 0.2% over ten years.
Over the whole period, insurance and financial services in Ecuador peaked at 16.5% in 2020 and was at its lowest, 1.0%, in 1998.
That places Ecuador 22nd 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 Ecuador, year by year
| Year | % of service imports, BoP | Change |
|---|---|---|
| 1976 | 14.9% | — |
| 1977 | 14.0% | -5.8% |
| 1978 | 14.8% | +5.6% |
| 1979 | 14.2% | -4.2% |
| 1980 | 12.4% | -12.4% |
| 1981 | 11.3% | -9.5% |
| 1982 | 8.6% | -23.4% |
| 1983 | 9.8% | +13.7% |
| 1984 | 7.5% | -23.8% |
| 1985 | 6.6% | -11.7% |
| 1986 | 7.5% | +14.3% |
| 1987 | 6.9% | -8.0% |
| 1988 | 7.8% | +11.7% |
| 1989 | 9.9% | +27.7% |
| 1990 | 7.6% | -23.4% |
| 1991 | 6.9% | -9.2% |
| 1992 | 6.8% | -2.0% |
| 1993 | 5.0% | -25.3% |
| 1994 | 5.7% | +12.2% |
| 1995 | 5.7% | +0.1% |
| 1996 | 4.3% | -23.4% |
| 1997 | 2.9% | -33.4% |
| 1998 | 1.0% | -67.0% |
| 1999 | 3.5% | +270.8% |
| 2000 | 3.3% | -8.0% |
| 2001 | 5.4% | +65.8% |
| 2002 | 6.6% | +22.9% |
| 2003 | 7.5% | +13.6% |
| 2004 | 7.1% | -5.4% |
| 2005 | 6.8% | -5.1% |
| 2006 | 6.1% | -9.6% |
| 2007 | 5.6% | -8.1% |
| 2008 | 6.1% | +7.9% |
| 2009 | 6.1% | +1.2% |
| 2010 | 7.8% | +26.4% |
| 2011 | 9.9% | +27.4% |
| 2012 | 11.6% | +17.2% |
| 2013 | 15.7% | +35.2% |
| 2014 | 14.9% | -4.6% |
| 2015 | 14.0% | -6.4% |
| 2016 | 13.0% | -7.0% |
| 2017 | 10.0% | -22.8% |
| 2018 | 9.7% | -3.1% |
| 2019 | 11.1% | +14.1% |
| 2020 | 16.5% | +48.6% |
| 2021 | 11.6% | -29.9% |
| 2022 | 9.7% | -15.7% |
| 2023 | 11.6% | +18.5% |
| 2024 | 12.7% | +9.7% |
| 2025 | 14.0% | +10.5% |
Ecuador compared with similar countries
- Ecuador's 14.0% is above the median for upper middle income countries, which is 6.2%, 2.3× the median. (55 countries reporting)
- Ecuador's 14.0% is above the median for Latin America & Caribbean, which is 10.1%, 1.4× the median. (37 countries reporting)
Biggest year-on-year movements
Years where Insurance and financial services in Ecuador 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 |
|---|---|---|---|
| 1999 | +270.8% | 1.0% | 3.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 14.5% | 14.0% | 14.9% | 4 |
| 1980s | 8.8% | 6.6% | 12.4% | 10 |
| 1990s | 4.9% | 1.0% | 7.6% | 10 |
| 2000s | 6.1% | 3.3% | 7.5% | 10 |
| 2010s | 11.8% | 7.8% | 15.7% | 10 |
| 2020s | 12.7% | 9.7% | 16.5% | 6 |
Countries ranked near Ecuador
More economy & growth data for Ecuador
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.54 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.51 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps 0 BoP, current US$ (1989)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0 BoP, current US$ per US$ of GDP (1989)
- Foreign direct investment, net outflows (BoP, current US$), per capita 0 BoP, current US$ per person (1989)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 1.30 billion BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual 191.26 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.01 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 71.04 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 41.84 % change on previous year (2025)
Frequently asked questions
- What is insurance and financial services in Ecuador?
- Insurance and financial services in Ecuador was 14.0% 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 Ecuador?
- The highest recorded value was 16.5% in 2020.
- What is the lowest insurance and financial services recorded in Ecuador?
- The lowest recorded value was 1.0% in 1998.
- How does Ecuador rank for insurance and financial services?
- Ecuador ranks 22nd out of 197 countries with data for 2025.
- Is insurance and financial services rising or falling in Ecuador?
- Over the last ten years it is up 0.2%. The long-run trend across the full record is rising.
- Where does this Ecuador 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.