Insurance and financial services in Indonesia
Indonesia: Insurance and financial services was 9.5% in 2025. ▲ Rising
Insurance and financial services in Indonesia, 1981–2025
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 Indonesia stood at 9.5%.
That represents a change of down 7.5% on the previous year and up 73.3% over ten years.
Over the whole period, insurance and financial services in Indonesia peaked at 10.2% in 2024 and was at its lowest, 1.7%, in 2003.
That places Indonesia 54th out of 197 countries with data for 2025, putting it in the middle of the range.
The long-run direction has been consistently rising across the 45 years of available data.
Insurance and financial services in Indonesia, year by year
| Year | % of service imports, BoP | Change |
|---|---|---|
| 1981 | 3.8% | — |
| 1982 | 4.2% | +10.8% |
| 1983 | 4.7% | +12.5% |
| 1984 | 3.9% | -18.1% |
| 1985 | 2.7% | -30.3% |
| 1986 | 3.0% | +11.8% |
| 1987 | 3.0% | +0.6% |
| 1988 | 3.3% | +6.9% |
| 1989 | 3.3% | -0.1% |
| 1990 | 3.9% | +18.8% |
| 1991 | 4.1% | +7.1% |
| 1992 | 3.6% | -12.6% |
| 1993 | 3.2% | -12.8% |
| 1994 | 3.1% | -1.5% |
| 1995 | 3.3% | +7.1% |
| 1996 | 3.2% | -3.6% |
| 1997 | 3.1% | -4.5% |
| 1998 | 2.8% | -10.0% |
| 1999 | 2.2% | -20.4% |
| 2000 | 2.1% | -6.0% |
| 2001 | 1.8% | -12.7% |
| 2002 | 1.8% | +1.9% |
| 2003 | 1.7% | -6.3% |
| 2004 | 4.5% | +163.5% |
| 2005 | 4.0% | -12.9% |
| 2006 | 3.4% | -14.4% |
| 2007 | 4.2% | +24.7% |
| 2008 | 3.6% | -14.7% |
| 2009 | 7.4% | +106.9% |
| 2010 | 6.6% | -11.1% |
| 2011 | 6.5% | -2.5% |
| 2012 | 5.2% | -18.9% |
| 2013 | 5.0% | -3.9% |
| 2014 | 4.7% | -6.1% |
| 2015 | 5.5% | +15.5% |
| 2016 | 5.4% | -0.3% |
| 2017 | 5.3% | -2.5% |
| 2018 | 4.9% | -7.7% |
| 2019 | 4.5% | -8.6% |
| 2020 | 9.0% | +100.5% |
| 2021 | 8.9% | -0.5% |
| 2022 | 9.9% | +11.3% |
| 2023 | 10.2% | +2.8% |
| 2024 | 10.2% | +0.2% |
| 2025 | 9.5% | -7.5% |
Indonesia compared with similar countries
- Indonesia's 9.5% is above the median for upper middle income countries, which is 6.2%, 1.5× the median. (55 countries reporting)
- Indonesia's 9.5% is above the median for East Asia & Pacific, which is 4.9%, 1.9× the median. (32 countries reporting)
Biggest year-on-year movements
Years where Insurance and financial services in Indonesia 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 |
|---|---|---|---|
| 2004 | +163.5% | 1.7% | 4.5% |
| 2009 | +106.9% | 3.6% | 7.4% |
| 2020 | +100.5% | 4.5% | 9.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 3.6% | 2.7% | 4.7% | 9 |
| 1990s | 3.2% | 2.2% | 4.1% | 10 |
| 2000s | 3.5% | 1.7% | 7.4% | 10 |
| 2010s | 5.4% | 4.5% | 6.6% | 10 |
| 2020s | 9.6% | 8.9% | 10.2% | 6 |
Countries ranked near Indonesia
- 51 Costa Rica 10.0% compare
- 52 United Kingdom of Great Britain and Northern Ireland 9.7% compare
- 53 Armenia 9.6% compare
- 55 Sierra Leone 9.4% compare
- 56 Sao Tome and Principe 9.4% compare
- 57 Iran, Islamic Republic of 9.3% compare
More economy & growth data for Indonesia
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 4.36 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 5.07 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps 7.93 billion BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0055 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 27.75 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 22.28 billion BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual -8.21 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0154 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 77.99 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 0.5363 % change on previous year (2025)
Frequently asked questions
- What is insurance and financial services in Indonesia?
- Insurance and financial services in Indonesia was 9.5% 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 Indonesia?
- The highest recorded value was 10.2% in 2024.
- What is the lowest insurance and financial services recorded in Indonesia?
- The lowest recorded value was 1.7% in 2003.
- How does Indonesia rank for insurance and financial services?
- Indonesia ranks 54th out of 197 countries with data for 2025.
- Is insurance and financial services rising or falling in Indonesia?
- Over the last ten years it is up 73.3%. The long-run trend across the full record is rising.
- Where does this Indonesia 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.