Insurance and financial services in Mexico
Mexico: Insurance and financial services was 15.6% in 2025. ▲ Rising
Insurance and financial services in Mexico, 1979–2025
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of service imports, BoP.
Analysis
Mexico recorded 15.6% for insurance and financial services in 2025.
Compared with earlier readings it is down 9.9% on the previous year and down 5.4% over ten years.
Over the whole period, insurance and financial services in Mexico peaked at 37.4% in 1997 and was at its lowest, 5.9%, in 1992.
Mexico ranks 18th of 197 countries on this measure, in the top 10%.
The long-run direction has been consistently rising across the 47 years of available data.
Insurance and financial services in Mexico, year by year
| Year | % of service imports, BoP | Change |
|---|---|---|
| 1979 | 8.5% | — |
| 1980 | 8.5% | -0.1% |
| 1981 | 8.7% | +2.4% |
| 1982 | 9.4% | +7.5% |
| 1983 | 9.9% | +4.9% |
| 1984 | 9.6% | -2.7% |
| 1985 | 8.2% | -14.4% |
| 1986 | 7.5% | -8.7% |
| 1987 | 8.4% | +12.4% |
| 1988 | 8.0% | -5.4% |
| 1989 | 7.0% | -12.1% |
| 1990 | 6.0% | -14.2% |
| 1991 | 6.0% | -1.0% |
| 1992 | 5.9% | -1.3% |
| 1993 | 9.8% | +67.4% |
| 1994 | 10.5% | +7.0% |
| 1995 | 11.6% | +9.9% |
| 1996 | 37.1% | +220.3% |
| 1997 | 37.4% | +0.7% |
| 1998 | 10.2% | -72.8% |
| 1999 | 11.3% | +11.0% |
| 2000 | 13.3% | +18.1% |
| 2001 | 14.5% | +8.8% |
| 2002 | 15.1% | +4.1% |
| 2003 | 16.1% | +6.2% |
| 2004 | 15.1% | -6.2% |
| 2005 | 14.4% | -4.5% |
| 2006 | 14.2% | -1.3% |
| 2007 | 16.3% | +14.8% |
| 2008 | 15.1% | -7.6% |
| 2009 | 18.0% | +19.7% |
| 2010 | 15.7% | -12.7% |
| 2011 | 17.8% | +13.0% |
| 2012 | 16.4% | -7.5% |
| 2013 | 18.1% | +10.0% |
| 2014 | 15.9% | -11.9% |
| 2015 | 16.5% | +3.7% |
| 2016 | 15.8% | -4.7% |
| 2017 | 16.4% | +4.1% |
| 2018 | 16.9% | +3.3% |
| 2019 | 19.5% | +15.1% |
| 2020 | 22.5% | +15.3% |
| 2021 | 18.7% | -16.9% |
| 2022 | 15.4% | -17.4% |
| 2023 | 16.4% | +6.3% |
| 2024 | 17.4% | +5.9% |
| 2025 | 15.6% | -9.9% |
Mexico compared with similar countries
- Mexico's 15.6% is above the median for upper middle income countries, which is 6.2%, 2.5× the median. (55 countries reporting)
- Mexico's 15.6% is above the median for Latin America & Caribbean, which is 10.1%, 1.5× the median. (37 countries reporting)
Biggest year-on-year movements
Years where Insurance and financial services in Mexico 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 |
|---|---|---|---|
| 1996 | +220.3% | 11.6% | 37.1% |
| 1998 | -72.8% | 37.4% | 10.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 8.5% | 8.5% | 8.5% | 1 |
| 1980s | 8.5% | 7.0% | 9.9% | 10 |
| 1990s | 14.6% | 5.9% | 37.4% | 10 |
| 2000s | 15.2% | 13.3% | 18.0% | 10 |
| 2010s | 16.9% | 15.7% | 19.5% | 10 |
| 2020s | 17.7% | 15.4% | 22.5% | 6 |
Countries ranked near Mexico
More economy & growth data for Mexico
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.43 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.06 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps 11.29 billion BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0062 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 85.55 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 43.09 billion BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual -5.25 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0235 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 326.53 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 10.41 % change on previous year (2025)
Frequently asked questions
- What is insurance and financial services in Mexico?
- Insurance and financial services in Mexico was 15.6% 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 Mexico?
- The highest recorded value was 37.4% in 1997.
- What is the lowest insurance and financial services recorded in Mexico?
- The lowest recorded value was 5.9% in 1992.
- How does Mexico rank for insurance and financial services?
- Mexico ranks 18th out of 197 countries with data for 2025.
- Is insurance and financial services rising or falling in Mexico?
- Over the last ten years it is down 5.4%. The long-run trend across the full record is rising.
- Where does this Mexico 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 — 47 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.