Insurance and financial services in Pre-demographic dividend
Pre-demographic dividend: Insurance and financial services was 11.9% in 2024. ▲ Rising
Insurance and financial services in Pre-demographic dividend, 2005–2024
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 Pre-demographic dividend is 11.9%, measured in 2024. That is the highest value across all 20 years on record.
That represents a change of up 22.9% on the previous year and up 57.5% over ten years.
Over the whole period, insurance and financial services in Pre-demographic dividend peaked at 11.9% in 2024 and was at its lowest, 5.8%, in 2007.
That places Pre-demographic dividend 2nd out of 47 groups with data for 2024, putting it in the top 10%.
The long-run direction has been consistently rising across the 20 years of available data.
Insurance and financial services in Pre-demographic dividend, year by year
| Year | % of service imports, BoP | Change |
|---|---|---|
| 2005 | 6.5% | — |
| 2006 | 6.3% | -3.2% |
| 2007 | 5.8% | -8.6% |
| 2008 | 8.3% | +44.4% |
| 2009 | 7.4% | -11.2% |
| 2010 | 7.9% | +6.4% |
| 2011 | 7.1% | -10.1% |
| 2012 | 7.7% | +8.9% |
| 2013 | 8.0% | +4.5% |
| 2014 | 7.6% | -6.1% |
| 2015 | 8.0% | +6.6% |
| 2016 | 8.4% | +4.8% |
| 2017 | 9.2% | +8.7% |
| 2018 | 8.0% | -13.0% |
| 2019 | 7.8% | -1.7% |
| 2020 | 9.7% | +23.3% |
| 2021 | 8.9% | -8.1% |
| 2022 | 8.7% | -1.7% |
| 2023 | 9.7% | +10.9% |
| 2024 | 11.9% | +22.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 6.9% | 5.8% | 8.3% | 5 |
| 2010s | 8.0% | 7.1% | 9.2% | 10 |
| 2020s | 9.8% | 8.7% | 11.9% | 5 |
Countries ranked near Pre-demographic dividend
- 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
More economy & growth data for Pre-demographic dividend
- GDP per capita 1,470 current US$ (2025)
- Gross value added at basic prices (GVA) 1.58 trillion current US$ (2025)
- Gross value added at basic prices (GVA) 1.58 trillion constant 2015 US$ (2025)
- GDP 1.67 trillion current US$ (2025)
- GDP 1.65 trillion constant 2015 US$ (2025)
- GDP growth 3.6% (2025)
- Agriculture, forestry, and fishing, value added (constant 2015 US$) 0.1927 constant 2015 US$ per US$ of GDP (2025)
- Agriculture, forestry, and fishing, value added (constant 2015 US$) 283.34 constant 2015 US$ per person (2025)
- GNI 1.62 trillion current US$ (2025)
- GNI, Atlas method 1.62 trillion current US$ (2025)
Frequently asked questions
- What is insurance and financial services in Pre-demographic dividend?
- Insurance and financial services in Pre-demographic dividend was 11.9% 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 Pre-demographic dividend?
- The highest recorded value was 11.9% in 2024.
- What is the lowest insurance and financial services recorded in Pre-demographic dividend?
- The lowest recorded value was 5.8% in 2007.
- How does Pre-demographic dividend rank for insurance and financial services?
- Pre-demographic dividend ranks 2nd out of 47 groups with data for 2024.
- Is insurance and financial services rising or falling in Pre-demographic dividend?
- Over the last ten years it is up 57.5%. The long-run trend across the full record is rising.
- Where does this Pre-demographic dividend 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.