Insurance and financial services in Romania
Romania: Insurance and financial services was 4.3% in 2025. ▼ Falling
Insurance and financial services in Romania, 1971–2025
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 Romania is 4.3%, measured in 2025.
Compared with earlier readings it is up 21.1% on the previous year and down 14.5% over ten years.
Over the whole period, insurance and financial services in Romania peaked at 10.1% in 2012 and was at its lowest, 2.4%, in 2022.
That places Romania 125th out of 197 countries with data for 2025, putting it in the middle of the range.
The long-run direction has been consistently falling across the 55 years of available data.
Insurance and financial services in Romania, year by year
| Year | % of service imports, BoP | Change |
|---|---|---|
| 1971 | 4.3% | — |
| 1972 | 4.6% | +6.6% |
| 1973 | 6.5% | +40.1% |
| 1974 | 6.7% | +4.3% |
| 1975 | 5.9% | -12.0% |
| 1976 | 6.8% | +13.9% |
| 1977 | 6.8% | +0.6% |
| 1978 | 6.8% | +0.3% |
| 1979 | 8.2% | +20.1% |
| 1980 | 8.5% | +4.3% |
| 1981 | 8.7% | +1.8% |
| 1982 | 8.1% | -7.2% |
| 1983 | 7.0% | -12.7% |
| 1984 | 7.1% | +1.5% |
| 1985 | 8.6% | +20.5% |
| 1986 | 8.3% | -3.8% |
| 1987 | 8.6% | +3.7% |
| 1988 | 7.9% | -7.5% |
| 1989 | 8.7% | +9.7% |
| 1990 | 7.3% | -16.4% |
| 1991 | 5.1% | -30.4% |
| 1992 | 4.4% | -12.6% |
| 1993 | 3.7% | -16.0% |
| 1994 | 5.4% | +45.2% |
| 1995 | 5.2% | -3.0% |
| 1996 | 4.5% | -13.9% |
| 1997 | 5.0% | +11.4% |
| 1998 | 5.1% | +1.9% |
| 1999 | 6.0% | +16.5% |
| 2000 | 7.8% | +30.1% |
| 2001 | 6.9% | -11.3% |
| 2002 | 8.9% | +28.7% |
| 2003 | 9.2% | +4.0% |
| 2004 | 7.5% | -18.5% |
| 2005 | 5.3% | -29.3% |
| 2006 | 5.2% | -1.4% |
| 2007 | 5.0% | -5.2% |
| 2008 | 4.3% | -13.5% |
| 2009 | 6.7% | +56.6% |
| 2010 | 7.4% | +10.1% |
| 2011 | 9.8% | +32.5% |
| 2012 | 10.1% | +3.4% |
| 2013 | 9.7% | -4.4% |
| 2014 | 6.2% | -36.4% |
| 2015 | 5.0% | -18.1% |
| 2016 | 4.5% | -11.5% |
| 2017 | 2.8% | -37.6% |
| 2018 | 4.0% | +43.0% |
| 2019 | 3.3% | -16.1% |
| 2020 | 4.6% | +37.5% |
| 2021 | 4.4% | -3.6% |
| 2022 | 2.4% | -45.6% |
| 2023 | 3.7% | +51.5% |
| 2024 | 3.6% | -2.6% |
| 2025 | 4.3% | +21.1% |
Romania compared with similar countries
- Romania's 4.3% is below the median for high income countries, which is 6.2%, 69% of the median. (72 countries reporting)
- Romania's 4.3% is below the median for Europe & Central Asia, which is 5.2%, 83% of the median. (51 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 6.3% | 4.3% | 8.2% | 9 |
| 1980s | 8.2% | 7.0% | 8.7% | 10 |
| 1990s | 5.2% | 3.7% | 7.3% | 10 |
| 2000s | 6.7% | 4.3% | 9.2% | 10 |
| 2010s | 6.3% | 2.8% | 10.1% | 10 |
| 2020s | 3.8% | 2.4% | 4.6% | 6 |
Countries ranked near Romania
More economy & growth data for Romania
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 3.82 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 3.5 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps 803.14 million BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0019 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 42.23 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 9.37 billion BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual 30.94 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0219 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 492.84 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 23.51 % change on previous year (2025)
Frequently asked questions
- What is insurance and financial services in Romania?
- Insurance and financial services in Romania was 4.3% 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 Romania?
- The highest recorded value was 10.1% in 2012.
- What is the lowest insurance and financial services recorded in Romania?
- The lowest recorded value was 2.4% in 2022.
- How does Romania rank for insurance and financial services?
- Romania ranks 125th out of 197 countries with data for 2025.
- Is insurance and financial services rising or falling in Romania?
- Over the last ten years it is down 14.5%. The long-run trend across the full record is falling.
- Where does this Romania 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.