Insurance and financial services in Malta
Malta: Insurance and financial services was 2.6% in 2024. ◆ Volatile
Insurance and financial services in Malta, 1971–2024
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 Malta stood at 2.6%.
The figure is up 17.7% on the previous year and down 92.2% over ten years.
Over the whole period, insurance and financial services in Malta peaked at 58.0% in 2004 and was at its lowest, 2.2%, in 2023.
That places Malta 163rd out of 197 countries with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Insurance and financial services in Malta, year by year
| Year | % of service imports, BoP | Change |
|---|---|---|
| 1971 | 19.4% | — |
| 1972 | 19.4% | +0.0% |
| 1973 | 19.9% | +2.5% |
| 1974 | 15.2% | -23.4% |
| 1975 | 15.3% | +0.1% |
| 1976 | 14.8% | -3.0% |
| 1977 | 13.2% | -10.8% |
| 1978 | 14.1% | +6.7% |
| 1979 | 13.3% | -5.3% |
| 1980 | 12.8% | -4.4% |
| 1981 | 12.7% | -0.1% |
| 1982 | 11.8% | -7.1% |
| 1983 | 15.0% | +26.4% |
| 1984 | 15.8% | +5.8% |
| 1985 | 18.0% | +14.1% |
| 1986 | 17.9% | -1.0% |
| 1987 | 15.3% | -14.3% |
| 1988 | 15.2% | -0.5% |
| 1989 | 16.2% | +6.4% |
| 1990 | 15.4% | -5.2% |
| 1991 | 15.9% | +3.1% |
| 1992 | 17.6% | +10.8% |
| 1993 | 13.2% | -24.6% |
| 1994 | 12.5% | -5.6% |
| 1995 | 11.8% | -5.5% |
| 1996 | 11.0% | -7.0% |
| 1997 | 9.0% | -18.0% |
| 1998 | 8.2% | -9.3% |
| 1999 | 6.5% | -19.9% |
| 2000 | 8.9% | +36.5% |
| 2001 | 9.2% | +2.5% |
| 2002 | 8.8% | -4.3% |
| 2003 | 7.9% | -9.5% |
| 2004 | 58.0% | +631.0% |
| 2005 | 52.8% | -9.0% |
| 2006 | 42.7% | -19.2% |
| 2007 | 41.9% | -1.8% |
| 2008 | 36.6% | -12.6% |
| 2009 | 29.8% | -18.7% |
| 2010 | 35.0% | +17.6% |
| 2011 | 37.5% | +7.2% |
| 2012 | 35.1% | -6.6% |
| 2013 | 34.2% | -2.4% |
| 2014 | 33.2% | -2.9% |
| 2015 | 27.6% | -17.1% |
| 2016 | 27.1% | -1.6% |
| 2017 | 2.8% | -89.6% |
| 2018 | 2.8% | -1.2% |
| 2019 | 2.8% | +1.7% |
| 2020 | 2.8% | -1.4% |
| 2021 | 3.6% | +29.2% |
| 2022 | 2.7% | -25.0% |
| 2023 | 2.2% | -19.0% |
| 2024 | 2.6% | +17.7% |
Malta compared with similar countries
- Malta's 2.6% is below the median for high income countries, which is 6.2%, 42% of the median. (72 countries reporting)
- Malta's 2.6% is below the median for Middle East, North Africa, Afghanistan & Pakistan, which is 6.5%, 40% of the median. (22 countries reporting)
Biggest year-on-year movements
Years where Insurance and financial services in Malta 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 | +631.0% | 7.9% | 58.0% |
| 2017 | -89.6% | 27.1% | 2.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 16.1% | 13.2% | 19.9% | 9 |
| 1980s | 15.1% | 11.8% | 18.0% | 10 |
| 1990s | 12.1% | 6.5% | 17.6% | 10 |
| 2000s | 29.7% | 7.9% | 58.0% | 10 |
| 2010s | 23.8% | 2.8% | 37.5% | 10 |
| 2020s | 2.8% | 2.2% | 3.6% | 5 |
Countries ranked near Malta
More economy & growth data for Malta
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 3.35 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 3.51 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps 36.46 billion BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit 1.46 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita 64,096 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 42.59 billion BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual 73.1 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 1.7 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 74,864 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate 8.88 % change on previous year (2025)
Frequently asked questions
- What is insurance and financial services in Malta?
- Insurance and financial services in Malta was 2.6% 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 Malta?
- The highest recorded value was 58.0% in 2004.
- What is the lowest insurance and financial services recorded in Malta?
- The lowest recorded value was 2.2% in 2023.
- How does Malta rank for insurance and financial services?
- Malta ranks 163rd out of 197 countries with data for 2024.
- Is insurance and financial services rising or falling in Malta?
- Over the last ten years it is down 92.2%. The long-run trend across the full record is volatile.
- Where does this Malta 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.