Insurance and financial services in Brazil
Brazil: Insurance and financial services was 5.7% in 2025. ◆ Volatile
Insurance and financial services in Brazil, 1975–2025
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of commercial service exports.
Analysis
Brazil recorded 5.7% for insurance and financial services in 2025.
That represents a change of down 1.6% on the previous year and up 8.4% over ten years.
Over the whole period, insurance and financial services in Brazil peaked at 16.9% in 1995 and was at its lowest, 1.5%, in 1987.
That places Brazil 61st out of 190 countries with data for 2025, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Insurance and financial services in Brazil, year by year
| Year | % of commercial service exports | Change |
|---|---|---|
| 1975 | 5.5% | — |
| 1976 | 6.4% | +15.9% |
| 1977 | 3.7% | -41.8% |
| 1978 | 7.1% | +90.7% |
| 1979 | 5.2% | -26.3% |
| 1980 | 8.2% | +56.7% |
| 1981 | 5.0% | -39.0% |
| 1982 | 4.8% | -3.3% |
| 1983 | 2.4% | -51.0% |
| 1984 | 2.0% | -16.0% |
| 1985 | 1.7% | -16.7% |
| 1986 | 3.4% | +106.8% |
| 1987 | 1.5% | -55.1% |
| 1988 | 15.3% | +896.6% |
| 1989 | 2.0% | -87.3% |
| 1990 | 3.1% | +58.8% |
| 1991 | 1.8% | -40.8% |
| 1992 | 2.9% | +56.5% |
| 1993 | 10.5% | +266.0% |
| 1994 | 3.2% | -70.0% |
| 1995 | 16.9% | +434.6% |
| 1996 | 7.8% | -53.8% |
| 1997 | 12.9% | +65.2% |
| 1998 | 10.9% | -15.4% |
| 1999 | 7.9% | -27.8% |
| 2000 | 8.8% | +11.5% |
| 2001 | 6.2% | -28.7% |
| 2002 | 7.5% | +20.0% |
| 2003 | 5.6% | -25.4% |
| 2004 | 5.0% | -10.8% |
| 2005 | 4.7% | -5.2% |
| 2006 | 6.6% | +40.4% |
| 2007 | 8.0% | +20.2% |
| 2008 | 7.8% | -1.7% |
| 2009 | 8.2% | +4.6% |
| 2010 | 7.4% | -9.5% |
| 2011 | 8.6% | +16.0% |
| 2012 | 8.2% | -4.3% |
| 2013 | 8.9% | +8.6% |
| 2014 | 4.8% | -46.5% |
| 2015 | 5.3% | +10.0% |
| 2016 | 4.7% | -10.4% |
| 2017 | 4.2% | -10.6% |
| 2018 | 3.9% | -6.4% |
| 2019 | 6.1% | +55.3% |
| 2020 | 5.2% | -14.4% |
| 2021 | 6.0% | +13.5% |
| 2022 | 5.9% | -1.6% |
| 2023 | 5.0% | -15.2% |
| 2024 | 5.8% | +16.6% |
| 2025 | 5.7% | -1.6% |
Brazil compared with similar countries
- Brazil's 5.7% is above the median for upper middle income countries, which is 1.9%, 3.1× the median. (53 countries reporting)
- Brazil's 5.7% is above the median for Latin America & Caribbean, which is 2.7%, 2.1× the median. (35 countries reporting)
Biggest year-on-year movements
Years where Insurance and financial services in Brazil 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 |
|---|---|---|---|
| 1988 | +896.6% | 1.5% | 15.3% |
| 1995 | +434.6% | 3.2% | 16.9% |
| 1993 | +266.0% | 2.9% | 10.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 5.6% | 3.7% | 7.1% | 5 |
| 1980s | 4.6% | 1.5% | 15.3% | 10 |
| 1990s | 7.8% | 1.8% | 16.9% | 10 |
| 2000s | 6.8% | 4.7% | 8.8% | 10 |
| 2010s | 6.2% | 3.9% | 8.9% | 10 |
| 2020s | 5.6% | 5.0% | 6.0% | 6 |
Countries ranked near Brazil
- 58 Kyrgyzstan 6.0% compare
- 59 Uruguay 6.0% compare
- 60 Antigua and Barbuda 5.9% compare
- 62 Andorra 5.7% compare
- 63 Mauritius 5.6% compare
- 64 Russian Federation 5.6% compare
More private sector data for Brazil
- Merchandise trade 28.2% (2025)
- Food imports 5.5% (2025)
- Manufactures imports 79.7% (2025)
- Merchandise imports 293.70 billion current US$ (2025)
- Food exports 40.7% (2025)
- Manufactures exports 23.8% (2025)
- Merchandise exports 348.28 billion current US$ (2025)
- Merchandise exports (current US$), per capita 1,637 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.1528 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate 3.33 % change on previous year (2025)
Frequently asked questions
- What is insurance and financial services in Brazil?
- Insurance and financial services in Brazil was 5.7% 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 Brazil?
- The highest recorded value was 16.9% in 1995.
- What is the lowest insurance and financial services recorded in Brazil?
- The lowest recorded value was 1.5% in 1987.
- How does Brazil rank for insurance and financial services?
- Brazil ranks 61st out of 190 countries with data for 2025.
- Is insurance and financial services rising or falling in Brazil?
- Over the last ten years it is up 8.4%. The long-run trend across the full record is volatile.
- Where does this Brazil 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 — 51 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.