Insurance and financial services in Palestine
Palestine: Insurance and financial services was 5.3% in 2025. ▲ Rising
Insurance and financial services in Palestine, 1998–2025
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 Palestine stood at 5.3%. That is the highest value across all 28 years on record.
Compared with earlier readings it is up 4.5% on the previous year and up 53.1% over ten years.
Over the whole period, insurance and financial services in Palestine peaked at 5.3% in 2025 and was at its lowest, 1.3%, in 2008.
Palestine ranks 113th of 197 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 28 years of available data.
Insurance and financial services in Palestine, year by year
| Year | % of service imports, BoP | Change |
|---|---|---|
| 1998 | 2.7% | — |
| 1999 | 2.6% | -5.9% |
| 2000 | 1.9% | -26.6% |
| 2001 | 1.6% | -14.8% |
| 2002 | 2.1% | +31.3% |
| 2003 | 1.3% | -36.5% |
| 2004 | 2.2% | +63.5% |
| 2005 | 1.5% | -30.3% |
| 2006 | 1.4% | -6.5% |
| 2007 | 1.7% | +19.8% |
| 2008 | 1.3% | -25.3% |
| 2009 | 1.5% | +20.1% |
| 2010 | 1.6% | +5.1% |
| 2011 | 1.9% | +15.1% |
| 2012 | 2.3% | +21.8% |
| 2013 | 2.2% | -2.5% |
| 2014 | 2.5% | +12.5% |
| 2015 | 3.5% | +39.8% |
| 2016 | 2.9% | -17.0% |
| 2017 | 2.6% | -10.8% |
| 2018 | 4.3% | +66.1% |
| 2019 | 1.9% | -54.6% |
| 2020 | 2.3% | +17.6% |
| 2021 | 2.5% | +10.3% |
| 2022 | 2.4% | -5.0% |
| 2023 | 3.8% | +60.2% |
| 2024 | 5.1% | +33.2% |
| 2025 | 5.3% | +4.5% |
Palestine compared with similar countries
- Palestine's 5.3% is below the median for lower middle income countries, which is 6.5%, 82% of the median. (47 countries reporting)
- Palestine's 5.3% is below the median for Middle East, North Africa, Afghanistan & Pakistan, which is 6.5%, 82% of the median. (22 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 2.7% | 2.6% | 2.7% | 2 |
| 2000s | 1.7% | 1.3% | 2.2% | 10 |
| 2010s | 2.6% | 1.6% | 4.3% | 10 |
| 2020s | 3.6% | 2.3% | 5.3% | 6 |
Countries ranked near Palestine
More economy & growth data for Palestine
- Foreign direct investment, net outflows (BoP, current US$), gaps 14.66 million BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0009 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 2.71 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 329.83 million BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual 103.37 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0192 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 60.93 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 37.44 % change on previous year (2025)
- Total reserves (includes gold, current US$), per unit of GDP 0.1063 includes gold, current US$ per US$ of GDP (2025)
- Total reserves (includes gold, current US$), per capita 337.15 includes gold, current US$ per person (2025)
Frequently asked questions
- What is insurance and financial services in Palestine?
- Insurance and financial services in Palestine was 5.3% 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 Palestine?
- The highest recorded value was 5.3% in 2025.
- What is the lowest insurance and financial services recorded in Palestine?
- The lowest recorded value was 1.3% in 2008.
- How does Palestine rank for insurance and financial services?
- Palestine ranks 113th out of 197 countries with data for 2025.
- Is insurance and financial services rising or falling in Palestine?
- Over the last ten years it is up 53.1%. The long-run trend across the full record is rising.
- Where does this Palestine 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.