Insurance and financial services in New Zealand
New Zealand: Insurance and financial services was 13.0% in 2025. ▲ Rising
Insurance and financial services in New Zealand, 2000–2025
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of service imports, BoP.
Analysis
New Zealand recorded 13.0% for insurance and financial services in 2025.
That represents a change of down 6.8% on the previous year and up 45.9% over ten years.
Over the whole period, insurance and financial services in New Zealand peaked at 17.4% in 2020 and was at its lowest, 3.6%, in 2000.
New Zealand ranks 28th of 197 countries on this measure, in the top quarter.
The long-run direction has been consistently rising across the 26 years of available data.
Insurance and financial services in New Zealand, year by year
| Year | % of service imports, BoP | Change |
|---|---|---|
| 2000 | 3.6% | — |
| 2001 | 4.1% | +12.1% |
| 2002 | 5.2% | +28.7% |
| 2003 | 5.4% | +4.0% |
| 2004 | 5.4% | -0.5% |
| 2005 | 5.4% | -0.6% |
| 2006 | 4.8% | -11.4% |
| 2007 | 5.0% | +5.3% |
| 2008 | 4.2% | -15.2% |
| 2009 | 5.6% | +31.1% |
| 2010 | 5.3% | -4.0% |
| 2011 | 6.5% | +22.1% |
| 2012 | 7.4% | +13.9% |
| 2013 | 8.6% | +15.1% |
| 2014 | 8.0% | -7.0% |
| 2015 | 8.9% | +11.7% |
| 2016 | 8.9% | +0.4% |
| 2017 | 9.2% | +3.4% |
| 2018 | 10.2% | +10.8% |
| 2019 | 11.9% | +16.5% |
| 2020 | 17.4% | +46.3% |
| 2021 | 13.7% | -21.4% |
| 2022 | 11.0% | -19.6% |
| 2023 | 12.9% | +17.3% |
| 2024 | 13.9% | +7.9% |
| 2025 | 13.0% | -6.8% |
New Zealand compared with similar countries
- New Zealand's 13.0% is above the median for high income countries, which is 6.2%, 2.1× the median. (72 countries reporting)
- New Zealand's 13.0% is above the median for East Asia & Pacific, which is 4.9%, 2.6× the median. (32 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 4.9% | 3.6% | 5.6% | 10 |
| 2010s | 8.5% | 5.3% | 11.9% | 10 |
| 2020s | 13.6% | 11.0% | 17.4% | 6 |
Countries ranked near New Zealand
More economy & growth data for New Zealand
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.71 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.37 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps 23.86 million BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0001 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 4.48 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 3.61 billion BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual 104.98 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0137 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 677.46 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 27.59 % change on previous year (2025)
Frequently asked questions
- What is insurance and financial services in New Zealand?
- Insurance and financial services in New Zealand was 13.0% 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 New Zealand?
- The highest recorded value was 17.4% in 2020.
- What is the lowest insurance and financial services recorded in New Zealand?
- The lowest recorded value was 3.6% in 2000.
- How does New Zealand rank for insurance and financial services?
- New Zealand ranks 28th out of 197 countries with data for 2025.
- Is insurance and financial services rising or falling in New Zealand?
- Over the last ten years it is up 45.9%. The long-run trend across the full record is rising.
- Where does this New Zealand 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.