Insurance and financial services in Other small states
Other small states: Insurance and financial services was 8.2% in 2024. ▲ Rising
Insurance and financial services in Other small states, 1992–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of service imports, BoP.
Analysis
In 2024, insurance and financial services in Other small states stood at 8.2%.
That represents a change of up 5.6% on the previous year and down 57.4% over ten years.
Over the whole period, insurance and financial services in Other small states peaked at 19.6% in 2011 and was at its lowest, 4.4%, in 2002.
That places Other small states 22nd out of 47 groups with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 28 years of available data.
Insurance and financial services in Other small states, year by year
| Year | % of service imports, BoP | Change |
|---|---|---|
| 1992 | 7.2% | — |
| 1993 | 6.7% | -7.2% |
| 1994 | 6.2% | -8.1% |
| 1995 | 6.7% | +8.9% |
| 1996 | 6.4% | -4.2% |
| 1997 | 6.0% | -7.1% |
| 1998 | 5.8% | -2.5% |
| 1999 | 5.4% | -6.8% |
| 2000 | 5.7% | +6.0% |
| 2001 | 5.5% | -4.2% |
| 2002 | 4.4% | -20.0% |
| 2008 | 18.3% | +314.3% |
| 2009 | 16.1% | -11.9% |
| 2010 | 19.4% | +20.7% |
| 2011 | 19.6% | +1.2% |
| 2012 | 17.7% | -9.7% |
| 2013 | 17.9% | +1.2% |
| 2014 | 19.3% | +7.7% |
| 2015 | 16.1% | -16.6% |
| 2016 | 16.2% | +0.3% |
| 2017 | 8.7% | -45.9% |
| 2018 | 8.4% | -4.3% |
| 2019 | 8.9% | +6.4% |
| 2020 | 11.7% | +31.7% |
| 2021 | 11.0% | -6.2% |
| 2022 | 11.5% | +4.8% |
| 2023 | 7.8% | -32.3% |
| 2024 | 8.2% | +5.6% |
Biggest year-on-year movements
Years where Insurance and financial services in Other small states 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 |
|---|---|---|---|
| 2008 | +314.3% | 4.4% | 18.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 6.3% | 5.4% | 7.2% | 8 |
| 2000s | 10.0% | 4.4% | 18.3% | 5 |
| 2010s | 15.2% | 8.4% | 19.6% | 10 |
| 2020s | 10.1% | 7.8% | 11.7% | 5 |
Countries ranked near Other small states
More economy & growth data for Other small states
- General government final consumption expenditure (current US$), per 0.2067 current US$ per US$ of GDP (2025)
- Households and NPISHs Final consumption expenditure (constant 2015) 2.72 % change on previous year (2025)
- Households and NPISHs Final consumption expenditure (current US$) 9,547 current US$ per person (2025)
- Households and NPISHs Final consumption expenditure (current US$) 0.5443 current US$ per US$ of GDP (2025)
- Households and NPISHs Final consumption expenditure (current US$) 9.95 % change on previous year (2025)
- General government final consumption expenditure (constant 2015 US$) 2,424 constant 2015 US$ per person (2025)
- General government final consumption expenditure (constant 2015 US$) 0.1382 constant 2015 US$ per US$ of GDP (2025)
- General government final consumption expenditure (constant 2015 US$) 2.05 % change on previous year (2025)
- General government final consumption expenditure (current US$), per 3,625 current US$ per person (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.003 BoP, current US$ per US$ of GDP (2025)
Frequently asked questions
- What is insurance and financial services in Other small states?
- Insurance and financial services in Other small states was 8.2% 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 Other small states?
- The highest recorded value was 19.6% in 2011.
- What is the lowest insurance and financial services recorded in Other small states?
- The lowest recorded value was 4.4% in 2002.
- How does Other small states rank for insurance and financial services?
- Other small states ranks 22nd out of 47 groups with data for 2024.
- Is insurance and financial services rising or falling in Other small states?
- Over the last ten years it is down 57.4%. The long-run trend across the full record is rising.
- Where does this Other small states 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 — 28 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.