Insurance and financial services in Spain
Spain: Insurance and financial services was 6.0% in 2025. ▲ Rising
Insurance and financial services in Spain, 1975–2025
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 Spain is 6.0%, measured in 2025.
The figure is up 18.9% on the previous year and down 33.2% over ten years.
Over the whole period, insurance and financial services in Spain peaked at 10.0% in 2014 and was at its lowest, 4.7%, in 1983.
Spain ranks 105th of 197 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 37 years of available data.
Insurance and financial services in Spain, year by year
| Year | % of service imports, BoP | Change |
|---|---|---|
| 1975 | 6.3% | — |
| 1976 | 6.0% | -4.5% |
| 1977 | 5.3% | -11.2% |
| 1978 | 5.7% | +6.7% |
| 1979 | 6.1% | +8.3% |
| 1980 | 5.4% | -12.1% |
| 1981 | 5.7% | +6.5% |
| 1982 | 5.7% | -0.1% |
| 1983 | 4.7% | -18.2% |
| 1984 | 5.3% | +13.3% |
| 1985 | 5.1% | -4.6% |
| 1986 | 6.2% | +23.3% |
| 1987 | 5.6% | -10.6% |
| 1988 | 4.7% | -15.6% |
| 1989 | 4.9% | +3.2% |
| 1990 | 6.0% | +22.5% |
| 1991 | 5.6% | -6.4% |
| 1992 | 6.3% | +13.4% |
| 1993 | 8.7% | +36.8% |
| 1994 | 8.1% | -6.3% |
| 1995 | 7.2% | -11.1% |
| 1996 | 6.3% | -12.4% |
| 1997 | 4.7% | -25.5% |
| 1998 | 4.8% | +2.5% |
| 2013 | 9.4% | +94.7% |
| 2014 | 10.0% | +6.5% |
| 2015 | 9.0% | -9.7% |
| 2016 | 8.2% | -9.4% |
| 2017 | 7.0% | -14.9% |
| 2018 | 5.8% | -16.6% |
| 2019 | 5.7% | -1.7% |
| 2020 | 8.9% | +55.3% |
| 2021 | 7.6% | -14.1% |
| 2022 | 5.6% | -25.9% |
| 2023 | 5.0% | -12.0% |
| 2024 | 5.1% | +2.1% |
| 2025 | 6.0% | +18.9% |
Spain compared with similar countries
- Spain's 6.0% is below the median for high income countries, which is 6.2%, 97% of the median. (72 countries reporting)
- Spain's 6.0% is above the median for Europe & Central Asia, which is 5.2%, 1.2× the median. (51 countries reporting)
Biggest year-on-year movements
Years where Insurance and financial services in Spain 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 |
|---|---|---|---|
| 2013 | +94.7% | 4.8% | 9.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 5.9% | 5.3% | 6.3% | 5 |
| 1980s | 5.3% | 4.7% | 6.2% | 10 |
| 1990s | 6.4% | 4.7% | 8.7% | 9 |
| 2010s | 7.9% | 5.7% | 10.0% | 7 |
| 2020s | 6.4% | 5.0% | 8.9% | 6 |
Countries ranked near Spain
More economy & growth data for Spain
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.77 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 1.62 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps 46.38 billion BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0243 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 939.77 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 28.09 billion BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual -34.34 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0147 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 569.12 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 19.32 % change on previous year (2025)
Frequently asked questions
- What is insurance and financial services in Spain?
- Insurance and financial services in Spain was 6.0% 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 Spain?
- The highest recorded value was 10.0% in 2014.
- What is the lowest insurance and financial services recorded in Spain?
- The lowest recorded value was 4.7% in 1983.
- How does Spain rank for insurance and financial services?
- Spain ranks 105th out of 197 countries with data for 2025.
- Is insurance and financial services rising or falling in Spain?
- Over the last ten years it is down 33.2%. The long-run trend across the full record is rising.
- Where does this Spain 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.