Insurance and financial services in United Kingdom
United Kingdom: Insurance and financial services was 9.7% in 2025. ▲ Rising
Insurance and financial services in United Kingdom, 1986–2025
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 United Kingdom stood at 9.7%.
That represents a change of up 3.9% on the previous year and up 3.2% over ten years.
Over the whole period, insurance and financial services in United Kingdom peaked at 11.8% in 2021 and was at its lowest, 1.3%, in 1986.
That places United Kingdom 52nd out of 197 countries with data for 2025, putting it in the middle of the range.
The long-run direction has been consistently rising across the 40 years of available data.
Insurance and financial services in United Kingdom, year by year
| Year | % of service imports, BoP | Change |
|---|---|---|
| 1986 | 1.3% | — |
| 1987 | 2.1% | +53.6% |
| 1988 | 2.1% | +1.9% |
| 1989 | 2.2% | +5.2% |
| 1990 | 2.2% | -0.4% |
| 1991 | 3.8% | +72.8% |
| 1992 | 3.6% | -4.9% |
| 1993 | 3.6% | +0.2% |
| 1994 | 4.1% | +12.3% |
| 1995 | 4.2% | +2.3% |
| 1996 | 4.7% | +13.0% |
| 1997 | 5.1% | +8.7% |
| 1998 | 4.8% | -6.6% |
| 1999 | 5.0% | +5.3% |
| 2000 | 5.2% | +3.6% |
| 2001 | 5.8% | +12.3% |
| 2002 | 7.6% | +29.4% |
| 2003 | 9.8% | +28.9% |
| 2004 | 9.8% | +0.5% |
| 2005 | 9.0% | -8.3% |
| 2006 | 10.2% | +13.9% |
| 2007 | 8.8% | -14.2% |
| 2008 | 8.0% | -9.5% |
| 2009 | 9.0% | +13.1% |
| 2010 | 8.1% | -9.5% |
| 2011 | 9.3% | +14.1% |
| 2012 | 8.0% | -14.3% |
| 2013 | 9.1% | +14.8% |
| 2014 | 9.6% | +4.7% |
| 2015 | 9.4% | -1.8% |
| 2016 | 10.1% | +7.3% |
| 2017 | 10.1% | +0.3% |
| 2018 | 10.4% | +3.3% |
| 2019 | 9.4% | -10.4% |
| 2020 | 10.4% | +11.3% |
| 2021 | 11.8% | +13.1% |
| 2022 | 8.8% | -25.5% |
| 2023 | 9.1% | +3.8% |
| 2024 | 9.3% | +2.4% |
| 2025 | 9.7% | +3.9% |
United Kingdom compared with similar countries
- United Kingdom's 9.7% is above the median for high income countries, which is 6.2%, 1.6× the median. (72 countries reporting)
- United Kingdom's 9.7% is above the median for Europe & Central Asia, which is 5.2%, 1.9× the median. (51 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 1.9% | 1.3% | 2.2% | 4 |
| 1990s | 4.1% | 2.2% | 5.1% | 10 |
| 2000s | 8.3% | 5.2% | 10.2% | 10 |
| 2010s | 9.4% | 8.0% | 10.4% | 10 |
| 2020s | 9.9% | 8.8% | 11.8% | 6 |
Countries ranked near United Kingdom
- 49 Burundi 10.1% compare
- 50 Turks and Caicos Islands 10.1% compare
- 51 Costa Rica 10.0% compare
- 53 Armenia 9.6% compare
- 54 Indonesia 9.5% compare
- 55 Sierra Leone 9.4% compare
More economy & growth data for United Kingdom
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.14 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 1.42 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps 86.93 billion BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0217 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 1,251 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 76.63 billion BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual 691.49 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0191 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 1,103 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 22.77 % change on previous year (2025)
Frequently asked questions
- What is insurance and financial services in United Kingdom?
- Insurance and financial services in United Kingdom was 9.7% 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 United Kingdom?
- The highest recorded value was 11.8% in 2021.
- What is the lowest insurance and financial services recorded in United Kingdom?
- The lowest recorded value was 1.3% in 1986.
- How does United Kingdom rank for insurance and financial services?
- United Kingdom ranks 52nd out of 197 countries with data for 2025.
- Is insurance and financial services rising or falling in United Kingdom?
- Over the last ten years it is up 3.2%. The long-run trend across the full record is rising.
- Where does this United Kingdom 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.