Insurance and financial services in Europe & Central Asia
Europe & Central Asia: Insurance and financial services was 9.2% in 2025. ▲ Rising
Insurance and financial services in Europe & Central Asia, 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 Europe & Central Asia stood at 9.2%.
The figure is up 8.6% on the previous year and up 7.9% over ten years.
Over the whole period, insurance and financial services in Europe & Central Asia peaked at 10.1% in 2021 and was at its lowest, 4.1%, in 1983.
Europe & Central Asia ranks 13th of 47 groups on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 39 years of available data.
Insurance and financial services in Europe & Central Asia, year by year
| Year | % of service imports, BoP | Change |
|---|---|---|
| 1982 | 4.2% | — |
| 1983 | 4.1% | -1.6% |
| 1986 | 4.2% | +0.4% |
| 1987 | 4.3% | +2.0% |
| 1988 | 5.0% | +17.0% |
| 1989 | 5.4% | +7.9% |
| 1990 | 6.0% | +12.4% |
| 1994 | 5.2% | -13.5% |
| 1995 | 5.2% | +0.0% |
| 1996 | 5.1% | -2.8% |
| 1997 | 5.3% | +3.6% |
| 1998 | 5.0% | -5.6% |
| 1999 | 5.9% | +18.5% |
| 2000 | 5.7% | -3.2% |
| 2001 | 5.8% | +1.7% |
| 2002 | 6.5% | +11.7% |
| 2003 | 6.7% | +3.4% |
| 2004 | 7.4% | +10.4% |
| 2005 | 7.6% | +2.9% |
| 2006 | 8.6% | +13.0% |
| 2007 | 8.5% | -1.5% |
| 2008 | 8.1% | -4.5% |
| 2009 | 8.5% | +5.7% |
| 2010 | 8.5% | -0.4% |
| 2011 | 8.5% | -0.2% |
| 2012 | 8.3% | -2.7% |
| 2013 | 8.5% | +3.0% |
| 2014 | 8.6% | +1.3% |
| 2015 | 8.6% | -0.4% |
| 2016 | 8.5% | -0.9% |
| 2017 | 8.2% | -3.3% |
| 2018 | 8.2% | -0.4% |
| 2019 | 7.7% | -6.0% |
| 2020 | 9.2% | +20.1% |
| 2021 | 10.1% | +9.0% |
| 2022 | 8.4% | -16.4% |
| 2023 | 8.4% | -0.7% |
| 2024 | 8.5% | +1.9% |
| 2025 | 9.2% | +8.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 4.5% | 4.1% | 5.4% | 6 |
| 1990s | 5.4% | 5.0% | 6.0% | 7 |
| 2000s | 7.3% | 5.7% | 8.6% | 10 |
| 2010s | 8.3% | 7.7% | 8.6% | 10 |
| 2020s | 9.0% | 8.4% | 10.1% | 6 |
Countries ranked near Europe & Central Asia
- 10 Saint Kitts and Nevis 18.4% compare
- 11 Democratic Republic of Congo 18.2% compare
- 12 Trinidad and Tobago 17.9% compare
- 13 Bermuda 17.6% compare
- 14 Panama 17.5% compare
- 15 Cyprus 17.0% compare
- 16 Burkina Faso 16.1% compare
More economy & growth data for Europe & Central Asia
- General government final consumption expenditure (current US$), per 0.2059 current US$ per US$ of GDP (2025)
- Households and NPISHs Final consumption expenditure (constant 2015) 2.22 % change on previous year (2025)
- Households and NPISHs Final consumption expenditure (current US$) 18,580 current US$ per person (2025)
- Households and NPISHs Final consumption expenditure (current US$) 0.5369 current US$ per US$ of GDP (2025)
- Households and NPISHs Final consumption expenditure (current US$) 10.17 % change on previous year (2025)
- General government final consumption expenditure (constant 2015 US$) 5,268 constant 2015 US$ per person (2025)
- General government final consumption expenditure (constant 2015 US$) 0.1522 constant 2015 US$ per US$ of GDP (2025)
- General government final consumption expenditure (constant 2015 US$) 1.58 % change on previous year (2025)
- General government final consumption expenditure (current US$), per 7,127 current US$ per person (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0105 BoP, current US$ per US$ of GDP (2025)
Frequently asked questions
- What is insurance and financial services in Europe & Central Asia?
- Insurance and financial services in Europe & Central Asia was 9.2% 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 Europe & Central Asia?
- The highest recorded value was 10.1% in 2021.
- What is the lowest insurance and financial services recorded in Europe & Central Asia?
- The lowest recorded value was 4.1% in 1983.
- How does Europe & Central Asia rank for insurance and financial services?
- Europe & Central Asia ranks 13th out of 47 groups with data for 2025.
- Is insurance and financial services rising or falling in Europe & Central Asia?
- Over the last ten years it is up 7.9%. The long-run trend across the full record is rising.
- Where does this Europe & Central Asia 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.