Insurance and financial services in Middle East, North Africa, Afghanistan & Pakistan
Middle East, North Africa, Afghanistan & Pakistan: Insurance and financial services was 8.1% in 2024. ▬ Flat
Insurance and financial services in Middle East, North Africa, Afghanistan & Pakistan, 2011–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of service imports, BoP.
Analysis
The most recent figure for insurance and financial services in Middle East, North Africa, Afghanistan & Pakistan is 8.1%, measured in 2024.
That represents a change of up 0.4% on the previous year and down 8.8% over ten years.
Over the whole period, insurance and financial services in Middle East, North Africa, Afghanistan & Pakistan peaked at 10.3% in 2021 and was at its lowest, 8.1%, in 2023.
That places Middle East, North Africa, Afghanistan & Pakistan 27th out of 47 groups with data for 2024, putting it in the middle of the range.
Insurance and financial services in Middle East, North Africa, Afghanistan & Pakistan, year by year
| Year | % of service imports, BoP | Change |
|---|---|---|
| 2011 | 8.4% | — |
| 2012 | 9.5% | +13.1% |
| 2013 | 9.4% | -1.5% |
| 2014 | 8.9% | -5.1% |
| 2015 | 9.1% | +2.0% |
| 2016 | 9.2% | +1.5% |
| 2017 | 8.3% | -9.3% |
| 2018 | 9.2% | +10.6% |
| 2019 | 8.7% | -5.6% |
| 2020 | 9.5% | +9.1% |
| 2021 | 10.3% | +8.9% |
| 2022 | 8.6% | -16.8% |
| 2023 | 8.1% | -6.2% |
| 2024 | 8.1% | +0.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 9.0% | 8.3% | 9.5% | 9 |
| 2020s | 8.9% | 8.1% | 10.3% | 5 |
Countries ranked near Middle East, North Africa, Afghanistan & Pakistan
More economy & growth data for Middle East, North Africa, Afghanistan & Pakistan
- Foreign direct investment, net inflows (BoP, current US$), per capita 100.54 BoP, current US$ per person (2025)
- General government final consumption expenditure (constant 2015 US$) 1,005 constant 2015 US$ per person (2025)
- General government final consumption expenditure (constant 2015 US$) 0.162 constant 2015 US$ per US$ of GDP (2025)
- General government final consumption expenditure (constant 2015 US$) 0.4665 % change on previous year (2025)
- General government final consumption expenditure (current US$), per 1,080 current US$ per person (2025)
- General government final consumption expenditure (current US$), per 0.1741 current US$ per US$ of GDP (2025)
- General government final consumption expenditure (current US$) 1.13 % change on previous year (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0097 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 59.93 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 83.25 billion BoP, current US$ (2025)
All data for Middle East, North Africa, Afghanistan & Pakistan →
Frequently asked questions
- What is insurance and financial services in Middle East, North Africa, Afghanistan & Pakistan?
- Insurance and financial services in Middle East, North Africa, Afghanistan & Pakistan was 8.1% 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 Middle East, North Africa, Afghanistan & Pakistan?
- The highest recorded value was 10.3% in 2021.
- What is the lowest insurance and financial services recorded in Middle East, North Africa, Afghanistan & Pakistan?
- The lowest recorded value was 8.1% in 2023.
- How does Middle East, North Africa, Afghanistan & Pakistan rank for insurance and financial services?
- Middle East, North Africa, Afghanistan & Pakistan ranks 27th out of 47 groups with data for 2024.
- Is insurance and financial services rising or falling in Middle East, North Africa, Afghanistan & Pakistan?
- Over the last ten years it is down 8.8%. The long-run trend across the full record is flat.
- Where does this Middle East, North Africa, Afghanistan & Pakistan 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.