Insurance and financial services in IDA blend
IDA blend: Insurance and financial services was 7.4% in 2024. ▲ Rising
Insurance and financial services in IDA blend, 1977–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of service imports, BoP.
Analysis
The most recent figure for insurance and financial services in IDA blend is 7.4%, measured in 2024. That is the highest value across all 46 years on record.
That represents a change of up 5.0% on the previous year and up 25.2% over ten years.
Over the whole period, insurance and financial services in IDA blend peaked at 7.4% in 2024 and was at its lowest, 3.5%, in 1977.
IDA blend ranks 29th of 47 groups on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 46 years of available data.
Insurance and financial services in IDA blend, year by year
| Year | % of service imports, BoP | Change |
|---|---|---|
| 1977 | 3.5% | — |
| 1978 | 4.5% | +29.8% |
| 1979 | 3.9% | -12.5% |
| 1980 | 3.7% | -5.4% |
| 1981 | 4.2% | +11.8% |
| 1982 | 3.9% | -5.9% |
| 1983 | 4.1% | +3.8% |
| 1984 | 4.1% | -0.7% |
| 1985 | 4.1% | +1.2% |
| 1986 | 4.5% | +10.7% |
| 1987 | 4.4% | -2.0% |
| 1988 | 4.3% | -3.0% |
| 1989 | 3.9% | -10.1% |
| 1990 | 3.7% | -4.4% |
| 1991 | 3.8% | +3.6% |
| 1992 | 3.8% | -1.4% |
| 1993 | 3.9% | +2.7% |
| 1994 | 4.2% | +8.6% |
| 1995 | 4.9% | +15.2% |
| 1996 | 4.4% | -8.9% |
| 1997 | 5.4% | +22.8% |
| 1998 | 5.6% | +3.6% |
| 1999 | 5.0% | -10.9% |
| 2000 | 4.2% | -15.8% |
| 2001 | 4.5% | +6.5% |
| 2002 | 4.5% | -0.8% |
| 2005 | 4.9% | +9.5% |
| 2006 | 4.3% | -13.0% |
| 2007 | 3.9% | -7.9% |
| 2008 | 5.2% | +32.2% |
| 2009 | 4.5% | -12.7% |
| 2010 | 4.3% | -6.1% |
| 2011 | 4.6% | +9.0% |
| 2012 | 5.2% | +11.2% |
| 2013 | 5.0% | -2.5% |
| 2014 | 5.9% | +17.7% |
| 2015 | 6.0% | +1.8% |
| 2016 | 6.5% | +8.5% |
| 2017 | 6.2% | -4.4% |
| 2018 | 4.9% | -22.0% |
| 2019 | 4.7% | -3.1% |
| 2020 | 6.9% | +45.5% |
| 2021 | 6.4% | -6.3% |
| 2022 | 6.0% | -6.7% |
| 2023 | 7.1% | +17.6% |
| 2024 | 7.4% | +5.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 4.0% | 3.5% | 4.5% | 3 |
| 1980s | 4.1% | 3.7% | 4.5% | 10 |
| 1990s | 4.5% | 3.7% | 5.6% | 10 |
| 2000s | 4.5% | 3.9% | 5.2% | 8 |
| 2010s | 5.3% | 4.3% | 6.5% | 10 |
| 2020s | 6.8% | 6.0% | 7.4% | 5 |
Countries ranked near IDA blend
More economy & growth data for IDA blend
- Industry (including construction), value added (current US$), annual 12.12 % change on previous year (2025)
- Gross value added at basic prices (GVA) 1.20 trillion current US$ (2025)
- Gross value added at basic prices (GVA) 1.41 trillion constant 2015 US$ (2025)
- GDP 1.27 trillion current US$ (2025)
- GDP 1.49 trillion constant 2015 US$ (2025)
- GDP growth 4.6% (2025)
- Manufacturing, value added (constant 2015 US$), per capita 391.39 constant 2015 US$ per person (2025)
- Industry (including construction), value added (current US$), per 408.26 current US$ per person (2025)
- Industry (including construction), value added (current US$), per 0.2217 current US$ per US$ of GDP (2025)
- GDP per capita growth 2.6% (2025)
Frequently asked questions
- What is insurance and financial services in IDA blend?
- Insurance and financial services in IDA blend was 7.4% 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 IDA blend?
- The highest recorded value was 7.4% in 2024.
- What is the lowest insurance and financial services recorded in IDA blend?
- The lowest recorded value was 3.5% in 1977.
- How does IDA blend rank for insurance and financial services?
- IDA blend ranks 29th out of 47 groups with data for 2024.
- Is insurance and financial services rising or falling in IDA blend?
- Over the last ten years it is up 25.2%. The long-run trend across the full record is rising.
- Where does this IDA blend 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.