Insurance and financial services in North America
North America: Insurance and financial services was 18.0% in 2025. ◆ Volatile
Insurance and financial services in North America, 1970–2025
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 North America is 18.0%, measured in 2025.
The figure is up 4.3% on the previous year and up 15.9% over ten years.
Over the whole period, insurance and financial services in North America peaked at 20.6% in 2020 and was at its lowest, 1.0%, in 1974.
That places North America 1st out of 47 groups with data for 2025, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Insurance and financial services in North America, year by year
| Year | % of service imports, BoP | Change |
|---|---|---|
| 1970 | 1.4% | — |
| 1971 | 1.6% | +17.6% |
| 1972 | 1.5% | -5.0% |
| 1973 | 1.3% | -17.6% |
| 1974 | 1.0% | -19.2% |
| 1975 | 1.5% | +50.3% |
| 1976 | 2.1% | +39.4% |
| 1977 | 2.3% | +7.2% |
| 1978 | 2.5% | +10.7% |
| 1979 | 2.4% | -3.8% |
| 1980 | 2.1% | -13.6% |
| 1981 | 3.4% | +64.2% |
| 1982 | 3.6% | +3.4% |
| 1983 | 3.7% | +3.9% |
| 1984 | 3.5% | -5.9% |
| 1985 | 4.4% | +25.6% |
| 1986 | 5.5% | +26.8% |
| 1987 | 6.3% | +12.8% |
| 1988 | 4.8% | -23.5% |
| 1989 | 3.6% | -25.4% |
| 1990 | 4.1% | +16.0% |
| 1991 | 4.8% | +15.7% |
| 1992 | 4.8% | +0.1% |
| 1993 | 5.1% | +6.3% |
| 1994 | 5.5% | +7.8% |
| 1995 | 5.7% | +4.1% |
| 1996 | 6.0% | +4.1% |
| 1997 | 6.1% | +2.7% |
| 1998 | 6.8% | +10.5% |
| 1999 | 10.6% | +56.5% |
| 2000 | 11.8% | +11.2% |
| 2001 | 13.8% | +16.7% |
| 2002 | 14.9% | +8.2% |
| 2003 | 15.1% | +1.3% |
| 2004 | 15.2% | +1.1% |
| 2005 | 14.9% | -2.0% |
| 2006 | 17.4% | +16.4% |
| 2007 | 19.0% | +9.3% |
| 2008 | 18.8% | -1.0% |
| 2009 | 19.7% | +5.0% |
| 2010 | 18.8% | -4.5% |
| 2011 | 17.4% | -7.5% |
| 2012 | 16.7% | -4.5% |
| 2013 | 15.9% | -4.5% |
| 2014 | 15.9% | -0.1% |
| 2015 | 15.5% | -2.2% |
| 2016 | 15.8% | +1.9% |
| 2017 | 15.5% | -2.1% |
| 2018 | 14.3% | -7.5% |
| 2019 | 14.9% | +4.0% |
| 2020 | 20.6% | +37.8% |
| 2021 | 18.4% | -10.5% |
| 2022 | 15.7% | -14.5% |
| 2023 | 16.4% | +4.3% |
| 2024 | 17.3% | +5.3% |
| 2025 | 18.0% | +4.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 1.8% | 1.0% | 2.5% | 10 |
| 1980s | 4.1% | 2.1% | 6.3% | 10 |
| 1990s | 6.0% | 4.1% | 10.6% | 10 |
| 2000s | 16.0% | 11.8% | 19.7% | 10 |
| 2010s | 16.1% | 14.3% | 18.8% | 10 |
| 2020s | 17.7% | 15.7% | 20.6% | 6 |
Countries ranked near North America
- 1 Luxembourg 49.2% compare
- 2 Bahrain 35.0% compare
- 3 Cayman Islands 30.2% compare
- 4 Libya 25.6% compare
More economy & growth data for North America
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0142 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 1,224 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual 30.35 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 469.55 billion BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 1,250 BoP, current US$ per person (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0145 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), gaps 479.40 billion BoP, current US$ (2025)
- GDP (current US$), annual growth rate 4.82 % change on previous year (2025)
- Services, value added (current US$), per unit of GDP 0.7546 current US$ per US$ of GDP (2021)
- Services, value added (current US$), per capita 52,472 current US$ per person (2021)
Frequently asked questions
- What is insurance and financial services in North America?
- Insurance and financial services in North America was 18.0% 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 North America?
- The highest recorded value was 20.6% in 2020.
- What is the lowest insurance and financial services recorded in North America?
- The lowest recorded value was 1.0% in 1974.
- How does North America rank for insurance and financial services?
- North America ranks 1st out of 47 groups with data for 2025.
- Is insurance and financial services rising or falling in North America?
- Over the last ten years it is up 15.9%. The long-run trend across the full record is volatile.
- Where does this North America 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.