Insurance and financial services in High income
High income: Insurance and financial services was 10.6% in 2025. ▲ Rising
Insurance and financial services in High income, 1982–2025
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of service imports, BoP.
Analysis
High income recorded 10.6% for insurance and financial services in 2025.
The figure is up 6.8% on the previous year and up 14.9% over ten years.
Over the whole period, insurance and financial services in High income peaked at 11.1% in 2021 and was at its lowest, 3.6%, in 1983.
That places High income 8th out of 47 groups with data for 2025, putting it in the top quarter.
The long-run direction has been consistently rising across the 41 years of available data.
Insurance and financial services in High income, year by year
| Year | % of service imports, BoP | Change |
|---|---|---|
| 1982 | 3.7% | — |
| 1983 | 3.6% | -2.3% |
| 1984 | 3.8% | +6.5% |
| 1985 | 4.3% | +12.3% |
| 1986 | 4.4% | +1.5% |
| 1987 | 4.7% | +6.9% |
| 1988 | 4.8% | +2.4% |
| 1989 | 4.6% | -3.0% |
| 1990 | 5.3% | +14.0% |
| 1994 | 5.1% | -3.4% |
| 1995 | 5.3% | +3.6% |
| 1996 | 4.9% | -6.5% |
| 1997 | 5.0% | +2.2% |
| 1998 | 5.1% | +0.8% |
| 1999 | 6.4% | +26.1% |
| 2000 | 6.4% | +0.5% |
| 2001 | 7.0% | +8.6% |
| 2002 | 7.7% | +10.0% |
| 2003 | 7.8% | +2.0% |
| 2004 | 8.2% | +5.1% |
| 2005 | 8.3% | +0.2% |
| 2006 | 9.5% | +14.7% |
| 2007 | 9.6% | +1.7% |
| 2008 | 9.3% | -4.0% |
| 2009 | 9.9% | +7.2% |
| 2010 | 9.9% | -0.7% |
| 2011 | 9.5% | -3.6% |
| 2012 | 9.2% | -2.7% |
| 2013 | 9.2% | -0.4% |
| 2014 | 9.1% | -0.8% |
| 2015 | 9.2% | +0.6% |
| 2016 | 9.3% | +1.7% |
| 2017 | 9.1% | -3.0% |
| 2018 | 8.9% | -1.8% |
| 2019 | 8.7% | -2.2% |
| 2020 | 10.9% | +25.1% |
| 2021 | 11.1% | +2.4% |
| 2022 | 9.6% | -13.8% |
| 2023 | 9.6% | -0.3% |
| 2024 | 9.9% | +3.3% |
| 2025 | 10.6% | +6.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 4.2% | 3.6% | 4.8% | 8 |
| 1990s | 5.3% | 4.9% | 6.4% | 7 |
| 2000s | 8.4% | 6.4% | 9.9% | 10 |
| 2010s | 9.2% | 8.7% | 9.9% | 10 |
| 2020s | 10.3% | 9.6% | 11.1% | 6 |
Countries ranked near High income
- 5 Macau, China 21.3% compare
- 6 Gambia 19.8% compare
- 7 United States of America 19.7% compare
- 8 Tajikistan 19.1% compare
- 9 Iraq 19.1% compare
- 10 Saint Kitts and Nevis 18.4% compare
- 11 Congo, Democratic Republic of the 18.2% compare
More economy & growth data for High income
- General government final consumption expenditure (current US$) 5.41 % change on previous year (2024)
- General government final consumption expenditure (constant 2015 US$) 0.1461 constant 2015 US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), gaps 1.22 trillion BoP, current US$ (2025)
- General government final consumption expenditure (constant 2015 US$) 2.76 % change on previous year (2024)
- General government final consumption expenditure (current US$), per 8,900 current US$ per person (2024)
- General government final consumption expenditure (current US$), per 0.1748 current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0158 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 855.36 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 967.71 billion BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual -12.57 % change on previous year (2025)
Frequently asked questions
- What is insurance and financial services in High income?
- Insurance and financial services in High income was 10.6% 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 High income?
- The highest recorded value was 11.1% in 2021.
- What is the lowest insurance and financial services recorded in High income?
- The lowest recorded value was 3.6% in 1983.
- How does High income rank for insurance and financial services?
- High income ranks 8th out of 47 groups with data for 2025.
- Is insurance and financial services rising or falling in High income?
- Over the last ten years it is up 14.9%. The long-run trend across the full record is rising.
- Where does this High income 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.