Insurance and financial services in OECD members
OECD members: Insurance and financial services was 11.3% in 2025. ▲ Rising
Insurance and financial services in OECD members, 1977–2025
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of service imports, BoP.
Analysis
In 2025, insurance and financial services in OECD members stood at 11.3%.
The figure is up 9.1% on the previous year and up 16.4% over ten years.
Over the whole period, insurance and financial services in OECD members peaked at 11.5% in 2021 and was at its lowest, 3.5%, in 1977.
That places OECD members 4th out of 47 groups with data for 2025, putting it in the top 10%.
The long-run direction has been consistently rising across the 49 years of available data.
Insurance and financial services in OECD members, year by year
| Year | % of service imports, BoP | Change |
|---|---|---|
| 1977 | 3.5% | — |
| 1978 | 3.6% | +2.1% |
| 1979 | 3.7% | +4.3% |
| 1980 | 3.6% | -2.7% |
| 1981 | 3.9% | +5.7% |
| 1982 | 4.1% | +6.1% |
| 1983 | 4.0% | -1.2% |
| 1984 | 4.3% | +6.6% |
| 1985 | 4.8% | +11.4% |
| 1986 | 4.7% | -2.8% |
| 1987 | 4.9% | +4.9% |
| 1988 | 4.9% | +0.6% |
| 1989 | 4.8% | -2.6% |
| 1990 | 5.4% | +12.7% |
| 1991 | 6.7% | +24.3% |
| 1992 | 8.6% | +28.6% |
| 1993 | 7.7% | -10.8% |
| 1994 | 5.5% | -28.1% |
| 1995 | 5.6% | +0.2% |
| 1996 | 5.5% | -0.8% |
| 1997 | 5.7% | +3.3% |
| 1998 | 5.4% | -5.9% |
| 1999 | 6.8% | +26.6% |
| 2000 | 7.0% | +2.7% |
| 2001 | 7.6% | +9.6% |
| 2002 | 8.4% | +9.5% |
| 2003 | 8.5% | +1.6% |
| 2004 | 8.8% | +3.7% |
| 2005 | 8.7% | -0.8% |
| 2006 | 10.1% | +15.9% |
| 2007 | 10.2% | +1.3% |
| 2008 | 9.8% | -4.0% |
| 2009 | 10.6% | +7.9% |
| 2010 | 10.4% | -1.6% |
| 2011 | 10.1% | -3.2% |
| 2012 | 9.9% | -2.5% |
| 2013 | 9.9% | +0.0% |
| 2014 | 9.8% | -0.4% |
| 2015 | 9.7% | -0.7% |
| 2016 | 9.7% | -0.2% |
| 2017 | 9.5% | -2.0% |
| 2018 | 9.2% | -3.1% |
| 2019 | 9.1% | -1.8% |
| 2020 | 11.3% | +24.2% |
| 2021 | 11.5% | +2.2% |
| 2022 | 9.8% | -14.7% |
| 2023 | 10.1% | +2.3% |
| 2024 | 10.4% | +3.5% |
| 2025 | 11.3% | +9.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 3.6% | 3.5% | 3.7% | 3 |
| 1980s | 4.4% | 3.6% | 4.9% | 10 |
| 1990s | 6.3% | 5.4% | 8.6% | 10 |
| 2000s | 9.0% | 7.0% | 10.6% | 10 |
| 2010s | 9.7% | 9.1% | 10.4% | 10 |
| 2020s | 10.7% | 9.8% | 11.5% | 6 |
Countries ranked near OECD members
- 1 Luxembourg 49.2% compare
- 2 Bahrain 35.0% compare
- 3 Cayman Islands 30.2% compare
- 4 Libya 25.6% compare
- 5 Macau, China 21.3% compare
- 6 Gambia 19.8% compare
- 7 United States of America 19.7% compare
More economy & growth data for OECD members
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0107 BoP, current US$ per US$ of GDP (2025)
- General government final consumption expenditure (constant 2015 US$) 0.1456 constant 2015 US$ per US$ of GDP (2024)
- General government final consumption expenditure (constant 2015 US$) 2.7 % change on previous year (2024)
- General government final consumption expenditure (current US$), per 8,471 current US$ per person (2024)
- General government final consumption expenditure (current US$), per 0.1733 current US$ per US$ of GDP (2024)
- General government final consumption expenditure (current US$) 5.65 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 554.27 BoP, current US$ per person (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 779.17 BoP, current US$ per person (2025)
- Foreign direct investment, net outflows (BoP, current US$), gaps 1.09 trillion BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0151 BoP, current US$ per US$ of GDP (2025)
Frequently asked questions
- What is insurance and financial services in OECD members?
- Insurance and financial services in OECD members was 11.3% 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 OECD members?
- The highest recorded value was 11.5% in 2021.
- What is the lowest insurance and financial services recorded in OECD members?
- The lowest recorded value was 3.5% in 1977.
- How does OECD members rank for insurance and financial services?
- OECD members ranks 4th out of 47 groups with data for 2025.
- Is insurance and financial services rising or falling in OECD members?
- Over the last ten years it is up 16.4%. The long-run trend across the full record is rising.
- Where does this OECD members 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 — 49 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.