Insurance and financial services in Australia
Australia: Insurance and financial services was 4.7% in 2025. ▼ Falling
Insurance and financial services in Australia, 1989–2025
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of commercial service exports.
Analysis
Australia recorded 4.7% for insurance and financial services in 2025.
That represents a change of down 5.8% on the previous year and down 28.6% over ten years.
Over the whole period, insurance and financial services in Australia peaked at 9.8% in 2021 and was at its lowest, 3.4%, in 2010.
Australia ranks 69th of 190 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 37 years of available data.
Insurance and financial services in Australia, year by year
| Year | % of commercial service exports | Change |
|---|---|---|
| 1989 | 6.0% | — |
| 1990 | 5.7% | -4.4% |
| 1991 | 7.4% | +29.7% |
| 1992 | 8.9% | +20.1% |
| 1993 | 9.4% | +5.6% |
| 1994 | 6.7% | -29.4% |
| 1995 | 8.1% | +21.4% |
| 1996 | 7.5% | -6.7% |
| 1997 | 6.8% | -9.3% |
| 1998 | 6.8% | +0.0% |
| 1999 | 5.9% | -13.8% |
| 2000 | 5.6% | -5.2% |
| 2001 | 5.2% | -7.4% |
| 2002 | 5.0% | -3.0% |
| 2003 | 4.6% | -9.1% |
| 2004 | 4.6% | +0.5% |
| 2005 | 5.1% | +12.1% |
| 2006 | 6.6% | +27.4% |
| 2007 | 6.6% | +0.1% |
| 2008 | 4.2% | -35.9% |
| 2009 | 3.7% | -12.2% |
| 2010 | 3.4% | -7.0% |
| 2011 | 4.5% | +30.8% |
| 2012 | 5.2% | +15.8% |
| 2013 | 6.3% | +20.7% |
| 2014 | 6.5% | +3.0% |
| 2015 | 6.6% | +1.6% |
| 2016 | 5.5% | -16.7% |
| 2017 | 5.7% | +3.5% |
| 2018 | 5.6% | -0.6% |
| 2019 | 5.5% | -1.7% |
| 2020 | 7.7% | +39.2% |
| 2021 | 9.8% | +27.1% |
| 2022 | 7.6% | -22.1% |
| 2023 | 5.8% | -23.9% |
| 2024 | 5.0% | -14.2% |
| 2025 | 4.7% | -5.8% |
Australia compared with similar countries
- Australia's 4.7% is below the median for high income countries, which is 5.3%, 89% of the median. (69 countries reporting)
- Australia's 4.7% is above the median for East Asia & Pacific, which is 1.4%, 3.3× the median. (29 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 6.0% | 6.0% | 6.0% | 1 |
| 1990s | 7.3% | 5.7% | 9.4% | 10 |
| 2000s | 5.1% | 3.7% | 6.6% | 10 |
| 2010s | 5.5% | 3.4% | 6.6% | 10 |
| 2020s | 6.8% | 4.7% | 9.8% | 6 |
Countries ranked near Australia
More private sector data for Australia
- Merchandise trade 36.0% (2025)
- Food imports 6.5% (2025)
- Manufactures imports 74.3% (2025)
- Merchandise imports 310.63 billion current US$ (2025)
- Food exports 13.7% (2025)
- Manufactures exports 9.8% (2025)
- Merchandise exports 337.58 billion current US$ (2025)
- Merchandise exports (current US$), per capita 12,225 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.1877 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate -0.9521 % change on previous year (2025)
Frequently asked questions
- What is insurance and financial services in Australia?
- Insurance and financial services in Australia was 4.7% 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 Australia?
- The highest recorded value was 9.8% in 2021.
- What is the lowest insurance and financial services recorded in Australia?
- The lowest recorded value was 3.4% in 2010.
- How does Australia rank for insurance and financial services?
- Australia ranks 69th out of 190 countries with data for 2025.
- Is insurance and financial services rising or falling in Australia?
- Over the last ten years it is down 28.6%. The long-run trend across the full record is falling.
- Where does this Australia 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 commercial service exports). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 37 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Financial services covers services related to financial intermediation, financial risk management, liquidity transformation or auxiliary financial activities. It also includes insurance and pension scheme services which are services related to providing life insurance and annuities, non-life insurance, reinsurance, pensions, standardised guarantees and auxiliary services to insurance, pension schemes, and standardised guarantee schemes. This indicator is expressed as a percentage of service exports which are commercial services provided by residents to non-residents.