Insurance and financial services in Saint Kitts and Nevis
Saint Kitts and Nevis: Insurance and financial services was 18.4% in 2025. ▲ Rising
Insurance and financial services in Saint Kitts and Nevis, 1980–2025
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 Saint Kitts and Nevis stood at 18.4%.
Compared with earlier readings it is up 1.8% on the previous year and up 86.4% over ten years.
Over the whole period, insurance and financial services in Saint Kitts and Nevis peaked at 19.5% in 2021 and was at its lowest, 3.1%, in 1982.
Saint Kitts and Nevis ranks 10th of 197 countries on this measure, in the top 10%.
The long-run direction has been consistently rising across the 46 years of available data.
Insurance and financial services in Saint Kitts and Nevis, year by year
| Year | % of service imports, BoP | Change |
|---|---|---|
| 1980 | 6.9% | — |
| 1981 | 6.0% | -13.7% |
| 1982 | 3.1% | -47.8% |
| 1983 | 4.3% | +37.1% |
| 1984 | 5.1% | +19.2% |
| 1985 | 4.5% | -12.1% |
| 1986 | 7.6% | +70.6% |
| 1987 | 7.7% | +0.4% |
| 1988 | 7.8% | +1.4% |
| 1989 | 7.2% | -7.0% |
| 1990 | 6.7% | -7.8% |
| 1991 | 6.7% | +0.3% |
| 1992 | 7.4% | +11.0% |
| 1993 | 8.5% | +14.1% |
| 1994 | 13.0% | +53.1% |
| 1995 | 10.5% | -18.8% |
| 1996 | 9.9% | -5.9% |
| 1997 | 8.8% | -10.7% |
| 1998 | 9.4% | +6.6% |
| 1999 | 9.7% | +2.4% |
| 2000 | 13.2% | +36.7% |
| 2001 | 13.8% | +4.5% |
| 2002 | 11.4% | -17.0% |
| 2003 | 11.8% | +3.3% |
| 2004 | 12.3% | +3.7% |
| 2005 | 11.0% | -10.3% |
| 2006 | 10.1% | -7.8% |
| 2007 | 10.8% | +6.5% |
| 2008 | 9.4% | -13.3% |
| 2009 | 9.2% | -1.6% |
| 2010 | 7.6% | -17.1% |
| 2011 | 7.4% | -2.9% |
| 2012 | 7.4% | -0.3% |
| 2013 | 8.2% | +11.2% |
| 2014 | 8.2% | -0.2% |
| 2015 | 9.9% | +20.1% |
| 2016 | 10.7% | +8.9% |
| 2017 | 9.8% | -9.2% |
| 2018 | 10.6% | +8.6% |
| 2019 | 11.5% | +8.5% |
| 2020 | 17.6% | +52.8% |
| 2021 | 19.5% | +11.0% |
| 2022 | 15.8% | -18.8% |
| 2023 | 13.7% | -13.3% |
| 2024 | 18.1% | +31.6% |
| 2025 | 18.4% | +1.8% |
Saint Kitts and Nevis compared with similar countries
- Saint Kitts and Nevis's 18.4% is above the median for high income countries, which is 6.2%, 2.9× the median. (72 countries reporting)
- Saint Kitts and Nevis's 18.4% is above the median for Latin America & Caribbean, which is 10.1%, 1.8× the median. (37 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 6.0% | 3.1% | 7.8% | 10 |
| 1990s | 9.1% | 6.7% | 13.0% | 10 |
| 2000s | 11.3% | 9.2% | 13.8% | 10 |
| 2010s | 9.1% | 7.4% | 11.5% | 10 |
| 2020s | 17.2% | 13.7% | 19.5% | 6 |
Countries ranked near Saint Kitts and Nevis
- 7 United States of America 19.7% compare
- 8 Tajikistan 19.1% compare
- 9 Iraq 19.1% compare
- 11 Congo, Democratic Republic of the 18.2% compare
- 12 Trinidad and Tobago 17.9% compare
- 13 Bermuda 17.6% compare
More economy & growth data for Saint Kitts and Nevis
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 2.74 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.85 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps 9.89 million BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0084 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 210.86 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 28.35 million BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual -32.63 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.024 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 604.22 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate -4.31 % change on previous year (2025)
Frequently asked questions
- What is insurance and financial services in Saint Kitts and Nevis?
- Insurance and financial services in Saint Kitts and Nevis was 18.4% 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 Saint Kitts and Nevis?
- The highest recorded value was 19.5% in 2021.
- What is the lowest insurance and financial services recorded in Saint Kitts and Nevis?
- The lowest recorded value was 3.1% in 1982.
- How does Saint Kitts and Nevis rank for insurance and financial services?
- Saint Kitts and Nevis ranks 10th out of 197 countries with data for 2025.
- Is insurance and financial services rising or falling in Saint Kitts and Nevis?
- Over the last ten years it is up 86.4%. The long-run trend across the full record is rising.
- Where does this Saint Kitts and Nevis 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.