Insurance and financial services in Jordan
Jordan: Insurance and financial services was 11.3% in 2024. ▲ Rising
Insurance and financial services in Jordan, 1972–2024
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 Jordan stood at 11.3%.
Compared with earlier readings it is up 4.3% on the previous year and up 4.3% over ten years.
Over the whole period, insurance and financial services in Jordan peaked at 15.0% in 2020 and was at its lowest, 0.5%, in 1983.
That places Jordan 38th out of 197 countries with data for 2024, putting it in the top quarter.
The long-run direction has been consistently rising across the 53 years of available data.
Insurance and financial services in Jordan, year by year
| Year | % of service imports, BoP | Change |
|---|---|---|
| 1972 | 5.9% | — |
| 1973 | 5.2% | -10.7% |
| 1974 | 5.6% | +6.7% |
| 1975 | 6.7% | +20.2% |
| 1976 | 6.8% | +1.9% |
| 1977 | 8.3% | +20.9% |
| 1978 | 5.8% | -30.0% |
| 1979 | 4.5% | -21.9% |
| 1980 | 6.0% | +32.7% |
| 1981 | 3.6% | -40.1% |
| 1982 | 2.3% | -35.9% |
| 1983 | 0.5% | -76.2% |
| 1984 | 0.9% | +57.3% |
| 1985 | 2.3% | +170.8% |
| 1986 | 3.0% | +28.2% |
| 1987 | 5.5% | +82.0% |
| 1988 | 4.8% | -12.2% |
| 1989 | 4.6% | -4.8% |
| 1990 | 4.6% | +0.9% |
| 1991 | 5.1% | +10.9% |
| 1992 | 5.5% | +8.1% |
| 1993 | 5.7% | +3.2% |
| 1994 | 5.3% | -7.6% |
| 1995 | 5.2% | -0.3% |
| 1996 | 6.0% | +14.5% |
| 1997 | 5.3% | -11.3% |
| 1998 | 4.5% | -15.3% |
| 1999 | 4.7% | +3.9% |
| 2000 | 5.3% | +13.3% |
| 2001 | 5.6% | +5.3% |
| 2002 | 5.4% | -3.9% |
| 2003 | 6.0% | +12.3% |
| 2004 | 7.6% | +25.9% |
| 2005 | 8.2% | +8.3% |
| 2006 | 7.8% | -5.8% |
| 2007 | 7.8% | +0.3% |
| 2008 | 8.2% | +5.6% |
| 2009 | 7.4% | -9.5% |
| 2010 | 7.0% | -5.5% |
| 2011 | 8.4% | +20.2% |
| 2012 | 9.1% | +7.8% |
| 2013 | 9.5% | +4.6% |
| 2014 | 10.8% | +13.3% |
| 2015 | 11.9% | +10.0% |
| 2016 | 13.2% | +10.7% |
| 2017 | 11.6% | -11.9% |
| 2018 | 10.5% | -9.7% |
| 2019 | 10.5% | +0.8% |
| 2020 | 15.0% | +41.8% |
| 2021 | 13.5% | -10.0% |
| 2022 | 11.7% | -12.9% |
| 2023 | 10.8% | -7.8% |
| 2024 | 11.3% | +4.3% |
Jordan compared with similar countries
- Jordan's 11.3% is above the median for upper middle income countries, which is 6.2%, 1.8× the median. (55 countries reporting)
- Jordan's 11.3% is above the median for Middle East, North Africa, Afghanistan & Pakistan, which is 6.5%, 1.7× the median. (22 countries reporting)
Biggest year-on-year movements
Years where Insurance and financial services in Jordan 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 |
|---|---|---|---|
| 1985 | +170.8% | 0.9% | 2.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 6.1% | 4.5% | 8.3% | 8 |
| 1980s | 3.3% | 0.5% | 6.0% | 10 |
| 1990s | 5.2% | 4.5% | 6.0% | 10 |
| 2000s | 6.9% | 5.3% | 8.2% | 10 |
| 2010s | 10.3% | 7.0% | 13.2% | 10 |
| 2020s | 12.4% | 10.8% | 15.0% | 5 |
Countries ranked near Jordan
More economy & growth data for Jordan
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 2.05 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 3 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps 54.08 million BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0009 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita 4.68 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 1.63 billion BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual -18.53 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0279 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 141.49 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate 21.05 % change on previous year (2025)
Frequently asked questions
- What is insurance and financial services in Jordan?
- Insurance and financial services in Jordan was 11.3% 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 Jordan?
- The highest recorded value was 15.0% in 2020.
- What is the lowest insurance and financial services recorded in Jordan?
- The lowest recorded value was 0.5% in 1983.
- How does Jordan rank for insurance and financial services?
- Jordan ranks 38th out of 197 countries with data for 2024.
- Is insurance and financial services rising or falling in Jordan?
- Over the last ten years it is up 4.3%. The long-run trend across the full record is rising.
- Where does this Jordan 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.
Download this data
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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.