Insurance and financial services in Thailand
Thailand: Insurance and financial services was 7.1% in 2025. ▲ Rising
Insurance and financial services in Thailand, 1975–2025
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 Thailand stood at 7.1%.
That represents a change of up 1.0% on the previous year and up 32.7% over ten years.
Over the whole period, insurance and financial services in Thailand peaked at 7.5% in 2020 and was at its lowest, 4.8%, in 2016.
Thailand ranks 80th of 197 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 51 years of available data.
Insurance and financial services in Thailand, year by year
| Year | % of service imports, BoP | Change |
|---|---|---|
| 1975 | 5.2% | — |
| 1976 | 4.9% | -6.5% |
| 1977 | 5.7% | +17.6% |
| 1978 | 5.6% | -1.6% |
| 1979 | 5.8% | +3.2% |
| 1980 | 5.9% | +2.0% |
| 1981 | 5.8% | -2.1% |
| 1982 | 5.4% | -6.1% |
| 1983 | 5.7% | +4.0% |
| 1984 | 5.6% | -0.5% |
| 1985 | 5.3% | -5.2% |
| 1986 | 5.2% | -2.0% |
| 1987 | 5.7% | +8.9% |
| 1988 | 5.7% | +0.8% |
| 1989 | 5.8% | +0.2% |
| 1990 | 5.3% | -7.4% |
| 1991 | 4.8% | -9.1% |
| 1992 | 5.5% | +13.3% |
| 1993 | 4.9% | -10.2% |
| 1994 | 4.9% | -0.3% |
| 1995 | 5.1% | +3.9% |
| 1996 | 4.9% | -4.0% |
| 1997 | 5.1% | +4.8% |
| 1998 | 4.9% | -4.0% |
| 1999 | 4.8% | -2.3% |
| 2000 | 5.2% | +7.5% |
| 2001 | 5.5% | +6.2% |
| 2002 | 5.8% | +5.7% |
| 2003 | 6.2% | +6.5% |
| 2004 | 5.6% | -9.7% |
| 2005 | 5.9% | +5.5% |
| 2006 | 5.6% | -5.1% |
| 2007 | 4.9% | -13.4% |
| 2008 | 4.9% | +0.2% |
| 2009 | 5.3% | +8.8% |
| 2010 | 5.2% | -1.0% |
| 2011 | 5.4% | +3.4% |
| 2012 | 6.3% | +15.7% |
| 2013 | 6.0% | -4.6% |
| 2014 | 5.6% | -6.6% |
| 2015 | 5.3% | -4.6% |
| 2016 | 4.8% | -9.8% |
| 2017 | 6.0% | +25.1% |
| 2018 | 6.1% | +1.2% |
| 2019 | 6.3% | +3.1% |
| 2020 | 7.5% | +19.1% |
| 2021 | 6.1% | -18.5% |
| 2022 | 6.2% | +1.4% |
| 2023 | 7.3% | +18.9% |
| 2024 | 7.0% | -4.7% |
| 2025 | 7.1% | +1.0% |
Thailand compared with similar countries
- Thailand's 7.1% is above the median for upper middle income countries, which is 6.2%, 1.1× the median. (55 countries reporting)
- Thailand's 7.1% is above the median for East Asia & Pacific, which is 4.9%, 1.4× the median. (32 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 5.4% | 4.9% | 5.8% | 5 |
| 1980s | 5.6% | 5.2% | 5.9% | 10 |
| 1990s | 5.0% | 4.8% | 5.5% | 10 |
| 2000s | 5.5% | 4.9% | 6.2% | 10 |
| 2010s | 5.7% | 4.8% | 6.3% | 10 |
| 2020s | 6.8% | 6.1% | 7.5% | 6 |
Countries ranked near Thailand
More economy & growth data for Thailand
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 2.97 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.98 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps 9.33 billion BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0162 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 130.33 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 18.84 billion BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual 31.73 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0327 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 263.07 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 19.13 % change on previous year (2025)
Frequently asked questions
- What is insurance and financial services in Thailand?
- Insurance and financial services in Thailand was 7.1% 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 Thailand?
- The highest recorded value was 7.5% in 2020.
- What is the lowest insurance and financial services recorded in Thailand?
- The lowest recorded value was 4.8% in 2016.
- How does Thailand rank for insurance and financial services?
- Thailand ranks 80th out of 197 countries with data for 2025.
- Is insurance and financial services rising or falling in Thailand?
- Over the last ten years it is up 32.7%. The long-run trend across the full record is rising.
- Where does this Thailand 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.