Insurance and financial services in Bahrain
Bahrain: Insurance and financial services was 31.3% in 2024. ◆ Volatile
Insurance and financial services in Bahrain, 1977–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of commercial service exports.
Analysis
The most recent figure for insurance and financial services in Bahrain is 31.3%, measured in 2024.
The figure is down 7.5% on the previous year and down 40.4% over ten years.
Over the whole period, insurance and financial services in Bahrain peaked at 53.7% in 2012 and was at its lowest, 0.1%, in 1981.
That places Bahrain 6th out of 190 countries with data for 2024, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Insurance and financial services in Bahrain, year by year
| Year | % of commercial service exports | Change |
|---|---|---|
| 1977 | 0.2% | — |
| 1978 | 0.2% | -19.2% |
| 1979 | 0.2% | -17.2% |
| 1980 | 0.2% | +11.1% |
| 1981 | 0.1% | -46.6% |
| 2004 | 14.2% | +15405.7% |
| 2005 | 20.8% | +46.1% |
| 2006 | 21.2% | +1.9% |
| 2007 | 22.3% | +5.2% |
| 2008 | 23.4% | +5.1% |
| 2009 | 22.2% | -5.0% |
| 2010 | 21.4% | -3.7% |
| 2011 | 10.7% | -50.1% |
| 2012 | 53.7% | +402.9% |
| 2013 | 52.2% | -2.8% |
| 2014 | 52.4% | +0.3% |
| 2015 | 52.9% | +0.9% |
| 2016 | 45.3% | -14.4% |
| 2017 | 40.2% | -11.2% |
| 2018 | 45.0% | +12.0% |
| 2019 | 44.7% | -0.8% |
| 2020 | 44.4% | -0.6% |
| 2021 | 38.0% | -14.3% |
| 2022 | 36.2% | -4.7% |
| 2023 | 33.8% | -6.8% |
| 2024 | 31.3% | -7.5% |
Bahrain compared with similar countries
- Bahrain's 31.3% is above the median for high income countries, which is 5.3%, 5.9× the median. (69 countries reporting)
- Bahrain's 31.3% is above the median for Middle East, North Africa, Afghanistan & Pakistan, which is 2.6%, 12.2× the median. (20 countries reporting)
Biggest year-on-year movements
Years where Insurance and financial services in Bahrain changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2004 | +15405.7% | 0.1% | 14.2% |
| 2012 | +402.9% | 10.7% | 53.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0.2% | 0.2% | 0.2% | 3 |
| 1980s | 0.1% | 0.1% | 0.2% | 2 |
| 2000s | 20.7% | 14.2% | 23.4% | 6 |
| 2010s | 41.9% | 10.7% | 53.7% | 10 |
| 2020s | 36.7% | 31.3% | 44.4% | 5 |
Countries ranked near Bahrain
- 3 Luxembourg 60.1% compare
- 4 Cayman Islands 55.2% compare
- 5 Sierra Leone 32.7% compare
- 7 Hong Kong, China 26.9% compare
- 8 Nigeria 25.3% compare
- 9 United Kingdom of Great Britain and Northern Ireland 25.2% compare
More private sector data for Bahrain
- Merchandise trade 87.6% (2025)
- Food imports 15.0% (2024)
- Manufactures imports 57.3% (2024)
- Merchandise imports 16.45 billion current US$ (2025)
- Food exports 8.7% (2024)
- Manufactures exports 26.0% (2024)
- Merchandise exports 26.46 billion current US$ (2025)
- Merchandise exports (current US$), per capita 16,531 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.5403 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate 8.97 % change on previous year (2025)
Frequently asked questions
- What is insurance and financial services in Bahrain?
- Insurance and financial services in Bahrain was 31.3% in 2024, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest insurance and financial services recorded in Bahrain?
- The highest recorded value was 53.7% in 2012.
- What is the lowest insurance and financial services recorded in Bahrain?
- The lowest recorded value was 0.1% in 1981.
- How does Bahrain rank for insurance and financial services?
- Bahrain ranks 6th out of 190 countries with data for 2024.
- Is insurance and financial services rising or falling in Bahrain?
- Over the last ten years it is down 40.4%. The long-run trend across the full record is volatile.
- Where does this Bahrain 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 — 26 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.