Insurance and financial services in Lower middle income
Lower middle income: Insurance and financial services was 5.1% in 2025. ▲ Rising
Insurance and financial services in Lower middle income, 1976–2025
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of service imports, BoP.
Analysis
Lower middle income recorded 5.1% for insurance and financial services in 2025.
Compared with earlier readings it is down 7.1% on the previous year and down 15.0% over ten years.
Over the whole period, insurance and financial services in Lower middle income peaked at 7.8% in 2001 and was at its lowest, 4.0%, in 1993.
That places Lower middle income 39th out of 47 groups with data for 2025, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 50 years of available data.
Insurance and financial services in Lower middle income, year by year
| Year | % of service imports, BoP | Change |
|---|---|---|
| 1976 | 5.2% | — |
| 1977 | 4.4% | -15.7% |
| 1978 | 4.4% | +2.1% |
| 1979 | 4.5% | +1.4% |
| 1980 | 4.4% | -3.3% |
| 1981 | 4.5% | +2.4% |
| 1982 | 4.6% | +3.8% |
| 1983 | 4.2% | -9.2% |
| 1984 | 4.4% | +4.5% |
| 1985 | 4.5% | +1.4% |
| 1986 | 4.6% | +3.8% |
| 1987 | 4.6% | +0.5% |
| 1988 | 4.8% | +3.1% |
| 1989 | 4.3% | -9.8% |
| 1990 | 4.4% | +1.5% |
| 1991 | 4.3% | -2.4% |
| 1992 | 4.1% | -4.6% |
| 1993 | 4.0% | -2.2% |
| 1994 | 4.2% | +6.0% |
| 1995 | 4.3% | +1.0% |
| 1996 | 4.5% | +4.5% |
| 1997 | 4.9% | +10.3% |
| 1998 | 5.2% | +6.3% |
| 1999 | 4.7% | -9.4% |
| 2000 | 7.0% | +48.4% |
| 2001 | 7.8% | +11.4% |
| 2002 | 7.3% | -7.3% |
| 2003 | 6.2% | -14.3% |
| 2004 | 6.3% | +0.4% |
| 2005 | 6.0% | -4.4% |
| 2006 | 6.4% | +7.5% |
| 2007 | 6.8% | +5.2% |
| 2008 | 6.8% | +0.8% |
| 2009 | 6.4% | -6.6% |
| 2010 | 7.6% | +19.2% |
| 2011 | 7.6% | -0.2% |
| 2012 | 6.4% | -15.0% |
| 2013 | 7.1% | +9.6% |
| 2014 | 6.1% | -13.5% |
| 2015 | 6.0% | -1.7% |
| 2016 | 6.9% | +14.3% |
| 2017 | 7.2% | +4.5% |
| 2018 | 5.9% | -18.4% |
| 2019 | 5.0% | -15.2% |
| 2020 | 6.6% | +32.1% |
| 2021 | 6.5% | -0.8% |
| 2022 | 5.6% | -14.4% |
| 2023 | 5.6% | +1.1% |
| 2024 | 5.5% | -2.4% |
| 2025 | 5.1% | -7.1% |
Biggest year-on-year movements
Years where Insurance and financial services in Lower middle income 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 |
|---|---|---|---|
| 2000 | +48.4% | 4.7% | 7.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 4.6% | 4.4% | 5.2% | 4 |
| 1980s | 4.5% | 4.2% | 4.8% | 10 |
| 1990s | 4.5% | 4.0% | 5.2% | 10 |
| 2000s | 6.7% | 6.0% | 7.8% | 10 |
| 2010s | 6.6% | 5.0% | 7.6% | 10 |
| 2020s | 5.8% | 5.1% | 6.6% | 6 |
Countries ranked near Lower middle income
More economy & growth data for Lower middle income
- Households and NPISHs Final consumption expenditure (current US$) 0.7321 current US$ per US$ of GDP (2025)
- General government final consumption expenditure (constant 2015 US$) 5.7 % change on previous year (2025)
- General government final consumption expenditure (constant 2015 US$) 0.1054 constant 2015 US$ per US$ of GDP (2025)
- General government final consumption expenditure (constant 2015 US$) 261.65 constant 2015 US$ per person (2025)
- Households and NPISHs Final consumption expenditure (current US$) 6.47 % change on previous year (2025)
- Households and NPISHs Final consumption expenditure (constant 2015) 6.82 % change on previous year (2025)
- Households and NPISHs Final consumption expenditure (constant 2015) 1,785 constant 2015 US$ per person (2025)
- Households and NPISHs Final consumption expenditure (constant 2015) 0.7194 constant 2015 US$ per US$ of GDP (2025)
- General government final consumption expenditure (current US$), per 298.08 current US$ per person (2025)
- Households and NPISHs Final consumption expenditure (current US$) 1,817 current US$ per person (2025)
Frequently asked questions
- What is insurance and financial services in Lower middle income?
- Insurance and financial services in Lower middle income was 5.1% 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 Lower middle income?
- The highest recorded value was 7.8% in 2001.
- What is the lowest insurance and financial services recorded in Lower middle income?
- The lowest recorded value was 4.0% in 1993.
- How does Lower middle income rank for insurance and financial services?
- Lower middle income ranks 39th out of 47 groups with data for 2025.
- Is insurance and financial services rising or falling in Lower middle income?
- Over the last ten years it is down 15.0%. The long-run trend across the full record is rising.
- Where does this Lower middle 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.
Download this data
CSV · JSON — 50 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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.