Insurance and financial services in World
World: Insurance and financial services was 9.4% in 2025. ▲ Rising
Insurance and financial services in World, 1982–2025
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 World is 9.4%, measured in 2025.
Compared with earlier readings it is up 3.9% on the previous year and up 13.4% over ten years.
Over the whole period, insurance and financial services in World peaked at 10.3% in 2021 and was at its lowest, 4.0%, in 1983.
World ranks 11th of 47 groups on this measure, in the top quarter.
The long-run direction has been consistently rising across the 44 years of available data.
Insurance and financial services in World, year by year
| Year | % of service imports, BoP | Change |
|---|---|---|
| 1982 | 4.1% | — |
| 1983 | 4.0% | -1.2% |
| 1984 | 4.2% | +4.8% |
| 1985 | 4.5% | +7.1% |
| 1986 | 4.6% | +1.2% |
| 1987 | 4.9% | +6.0% |
| 1988 | 4.9% | +1.1% |
| 1989 | 4.7% | -3.6% |
| 1990 | 5.3% | +11.4% |
| 1991 | 6.2% | +16.7% |
| 1992 | 7.5% | +22.7% |
| 1993 | 6.9% | -8.9% |
| 1994 | 5.3% | -22.6% |
| 1995 | 5.8% | +9.2% |
| 1996 | 5.2% | -11.0% |
| 1997 | 5.5% | +6.0% |
| 1998 | 5.2% | -4.4% |
| 1999 | 6.3% | +20.2% |
| 2000 | 6.5% | +2.6% |
| 2001 | 7.0% | +8.6% |
| 2002 | 7.6% | +8.5% |
| 2003 | 7.8% | +2.1% |
| 2004 | 8.1% | +3.8% |
| 2005 | 8.0% | -0.3% |
| 2006 | 9.1% | +13.0% |
| 2007 | 9.2% | +1.2% |
| 2008 | 8.9% | -3.4% |
| 2009 | 9.4% | +6.4% |
| 2010 | 9.4% | -0.2% |
| 2011 | 9.1% | -3.2% |
| 2012 | 8.8% | -3.2% |
| 2013 | 8.8% | -0.1% |
| 2014 | 8.6% | -2.9% |
| 2015 | 8.3% | -3.4% |
| 2016 | 8.5% | +2.3% |
| 2017 | 8.2% | -2.6% |
| 2018 | 8.0% | -2.8% |
| 2019 | 7.9% | -0.8% |
| 2020 | 10.1% | +27.1% |
| 2021 | 10.3% | +2.5% |
| 2022 | 9.0% | -13.3% |
| 2023 | 8.9% | -1.0% |
| 2024 | 9.0% | +1.7% |
| 2025 | 9.4% | +3.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 4.5% | 4.0% | 4.9% | 8 |
| 1990s | 5.9% | 5.2% | 7.5% | 10 |
| 2000s | 8.2% | 6.5% | 9.4% | 10 |
| 2010s | 8.6% | 7.9% | 9.4% | 10 |
| 2020s | 9.5% | 8.9% | 10.3% | 6 |
Countries ranked near World
- 8 Tajikistan 19.1% compare
- 9 Iraq 19.1% compare
- 10 Saint Kitts and Nevis 18.4% compare
- 11 Congo, Democratic Republic of the 18.2% compare
- 12 Trinidad and Tobago 17.9% compare
- 13 Bermuda 17.6% compare
- 14 Panama 17.5% compare
More economy & growth data for World
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 2.23 Percent per annum (2028)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 3.11 Percent per annum (2028)
- Foreign direct investment, net outflows (BoP, current US$), gaps 1.49 trillion BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0126 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 180.85 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 1.35 trillion BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual -14.25 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0114 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 163.93 BoP, current US$ per person (2025)
- General government final consumption expenditure (current US$) 4.45 % change on previous year (2024)
Frequently asked questions
- What is insurance and financial services in World?
- Insurance and financial services in World was 9.4% 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 World?
- The highest recorded value was 10.3% in 2021.
- What is the lowest insurance and financial services recorded in World?
- The lowest recorded value was 4.0% in 1983.
- How does World rank for insurance and financial services?
- World ranks 11th out of 47 groups with data for 2025.
- Is insurance and financial services rising or falling in World?
- Over the last ten years it is up 13.4%. The long-run trend across the full record is rising.
- Where does this World 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.
Download this data
CSV · JSON — 44 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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.