Insurance and financial services in Haiti
Haiti: Insurance and financial services was 4.4% in 2024. ◆ Volatile
Insurance and financial services in Haiti, 1971–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of service imports, BoP.
Analysis
In 2024, insurance and financial services in Haiti stood at 4.4%.
The figure is up 336.7% on the previous year and up 728.2% over ten years.
Over the whole period, insurance and financial services in Haiti peaked at 5.6% in 1987 and was at its lowest, 0.0%, in 2013.
That places Haiti 124th out of 197 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Insurance and financial services in Haiti, year by year
| Year | % of service imports, BoP | Change |
|---|---|---|
| 1971 | 5.0% | — |
| 1972 | 4.8% | -4.1% |
| 1973 | 2.8% | -40.5% |
| 1974 | 3.1% | +9.5% |
| 1975 | 3.8% | +20.9% |
| 1976 | 3.7% | -2.0% |
| 1977 | 3.8% | +2.6% |
| 1978 | 2.9% | -24.3% |
| 1979 | 2.8% | -3.2% |
| 1980 | 2.7% | -1.2% |
| 1981 | 3.2% | +15.7% |
| 1982 | 2.6% | -16.5% |
| 1983 | 2.9% | +10.2% |
| 1984 | 3.1% | +7.0% |
| 1985 | 3.1% | +0.5% |
| 1986 | 5.2% | +65.7% |
| 1987 | 5.6% | +8.0% |
| 1988 | 5.0% | -11.3% |
| 1989 | 5.1% | +2.9% |
| 1994 | 5.0% | -1.9% |
| 1995 | 1.4% | -71.9% |
| 2004 | 1.4% | -1.1% |
| 2005 | 1.1% | -23.4% |
| 2006 | 1.1% | -0.2% |
| 2007 | 1.0% | -2.7% |
| 2008 | 0.9% | -10.9% |
| 2009 | 0.8% | -14.2% |
| 2010 | 0.0% | -96.9% |
| 2011 | 0.0% | +57.4% |
| 2012 | 0.0% | -51.3% |
| 2013 | 0.0% | -93.4% |
| 2014 | 0.5% | +42549.7% |
| 2015 | 0.4% | -24.4% |
| 2016 | 0.7% | +83.3% |
| 2017 | 0.7% | -9.7% |
| 2018 | 0.7% | +12.8% |
| 2019 | 0.9% | +19.0% |
| 2020 | 1.0% | +17.7% |
| 2021 | 2.2% | +110.3% |
| 2022 | 0.9% | -58.6% |
| 2023 | 1.0% | +10.0% |
| 2024 | 4.4% | +336.7% |
Haiti compared with similar countries
- Haiti's 4.4% is below the median for lower middle income countries, which is 6.5%, 68% of the median. (47 countries reporting)
- Haiti's 4.4% is below the median for Latin America & Caribbean, which is 10.1%, 43% of the median. (37 countries reporting)
Biggest year-on-year movements
Years where Insurance and financial services in Haiti 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 |
|---|---|---|---|
| 2014 | +42549.7% | 0.0% | 0.5% |
| 2024 | +336.7% | 1.0% | 4.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 3.6% | 2.8% | 5.0% | 9 |
| 1980s | 3.9% | 2.6% | 5.6% | 10 |
| 1990s | 3.2% | 1.4% | 5.0% | 2 |
| 2000s | 1.0% | 0.8% | 1.4% | 6 |
| 2010s | 0.4% | 0.0% | 0.9% | 10 |
| 2020s | 1.9% | 0.9% | 4.4% | 5 |
Countries ranked near Haiti
More economy & growth data for Haiti
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 0.3989 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 1.5 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps -1.00 million BoP, current US$ (1999)
- Foreign direct investment, net outflows (BoP, current US$), per unit -0.0002 BoP, current US$ per US$ of GDP (1999)
- Foreign direct investment, net outflows (BoP, current US$), per capita -0.1227 BoP, current US$ per person (1999)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 20.00 million BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual -15.42 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0008 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 1.7 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate 25.01 % change on previous year (2025)
Frequently asked questions
- What is insurance and financial services in Haiti?
- Insurance and financial services in Haiti was 4.4% in 2024, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest insurance and financial services recorded in Haiti?
- The highest recorded value was 5.6% in 1987.
- What is the lowest insurance and financial services recorded in Haiti?
- The lowest recorded value was 0.0% in 2013.
- How does Haiti rank for insurance and financial services?
- Haiti ranks 124th out of 197 countries with data for 2024.
- Is insurance and financial services rising or falling in Haiti?
- Over the last ten years it is up 728.2%. The long-run trend across the full record is volatile.
- Where does this Haiti 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.