Insurance and financial services (% of commercial service exports) in Colombia
Colombia: Insurance and financial services (% of commercial service exports) was 1.1% in 2025. ◆ Volatile
Insurance and financial services in Colombia, 1968–2025
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of commercial service exports.
Analysis
In 2025, insurance and financial services in Colombia stood at 1.1%.
The figure is down 16.0% on the previous year and up 20.2% over ten years.
Over the whole period, insurance and financial services in Colombia peaked at 17.1% in 1990 and was at its lowest, 0.8%, in 2016.
That places Colombia 142nd 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 (% of commercial service exports) in Colombia, year by year
| Year | % of commercial service exports | Change |
|---|---|---|
| 1968 | 10.3% | — |
| 1969 | 9.6% | -7.1% |
| 1970 | 9.3% | -3.6% |
| 1971 | 7.5% | -18.9% |
| 1972 | 10.6% | +41.9% |
| 1973 | 9.3% | -12.2% |
| 1974 | 7.1% | -23.7% |
| 1975 | 8.4% | +18.3% |
| 1976 | 6.5% | -22.4% |
| 1977 | 7.2% | +10.2% |
| 1978 | 8.4% | +16.7% |
| 1979 | 6.2% | -26.0% |
| 1980 | 5.8% | -6.8% |
| 1981 | 7.6% | +30.3% |
| 1982 | 12.9% | +70.0% |
| 1983 | 14.4% | +12.2% |
| 1984 | 13.3% | -8.0% |
| 1985 | 15.2% | +14.6% |
| 1986 | 9.7% | -36.4% |
| 1987 | 11.2% | +15.5% |
| 1988 | 10.2% | -9.1% |
| 1989 | 14.5% | +42.3% |
| 1990 | 17.1% | +17.8% |
| 1991 | 12.8% | -24.8% |
| 1992 | 11.5% | -10.4% |
| 1993 | 11.4% | -1.2% |
| 1994 | 4.3% | -62.5% |
| 1995 | 6.6% | +54.7% |
| 1996 | 5.3% | -20.3% |
| 1997 | 5.0% | -4.3% |
| 1998 | 5.1% | +2.1% |
| 1999 | 5.4% | +5.7% |
| 2000 | 4.3% | -20.8% |
| 2001 | 2.9% | -32.6% |
| 2002 | 2.3% | -21.9% |
| 2003 | 2.1% | -5.0% |
| 2004 | 1.5% | -28.1% |
| 2005 | 1.4% | -8.8% |
| 2006 | 2.0% | +40.8% |
| 2007 | 1.9% | -5.8% |
| 2008 | 1.5% | -21.9% |
| 2009 | 1.2% | -21.0% |
| 2010 | 1.1% | -6.7% |
| 2011 | 1.3% | +18.6% |
| 2012 | 1.2% | -5.2% |
| 2013 | 1.1% | -5.6% |
| 2014 | 1.0% | -12.0% |
| 2015 | 0.9% | -9.2% |
| 2016 | 0.8% | -9.1% |
| 2017 | 1.0% | +24.5% |
| 2018 | 0.8% | -19.4% |
| 2019 | 1.0% | +19.9% |
| 2020 | 1.9% | +94.2% |
| 2021 | 1.4% | -28.2% |
| 2022 | 0.8% | -39.9% |
| 2023 | 1.2% | +43.4% |
| 2024 | 1.3% | +9.1% |
| 2025 | 1.1% | -16.0% |
Colombia compared with similar countries
- Colombia's 1.1% is below the median for upper middle income countries, which is 1.9%, 57% of the median. (53 countries reporting)
- Colombia's 1.1% is below the median for Latin America & Caribbean, which is 2.8%, 39% of the median. (35 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 10.0% | 9.6% | 10.3% | 2 |
| 1970s | 8.1% | 6.2% | 10.6% | 10 |
| 1980s | 11.5% | 5.8% | 15.2% | 10 |
| 1990s | 8.4% | 4.3% | 17.1% | 10 |
| 2000s | 2.1% | 1.2% | 4.3% | 10 |
| 2010s | 1.0% | 0.8% | 1.3% | 10 |
| 2020s | 1.3% | 0.8% | 1.9% | 6 |
Countries ranked near Colombia
- 139 Gabon 1.2% compare
- 140 Syria 1.1% compare
- 141 Tunisia 1.1% compare
- 143 Montenegro 1.1% compare
- 144 Philippines 1.1% compare
- 145 French Polynesia 1.0% compare
More private sector data for Colombia
- Merchandise trade 26.4% (2025)
- Food imports 13.9% (2025)
- Manufactures imports 73.6% (2025)
- Merchandise imports 70.50 billion current US$ (2025)
- Commercial service imports 19.87 billion current US$ (2025)
- Food exports 25.4% (2025)
- Manufactures exports 22.1% (2025)
- Merchandise exports 50.09 billion current US$ (2025)
- Commercial service exports 19.74 billion current US$ (2025)
- Merchandise exports (current US$), per capita 937.49 current US$ per person (2025)
Frequently asked questions
- What is insurance and financial services in Colombia?
- Insurance and financial services in Colombia was 1.1% 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 Colombia?
- The highest recorded value was 17.1% in 1990.
- What is the lowest insurance and financial services recorded in Colombia?
- The lowest recorded value was 0.8% in 2016.
- How does Colombia rank for insurance and financial services?
- Colombia ranks 142nd out of 190 countries with data for 2025.
- Is insurance and financial services rising or falling in Colombia?
- Over the last ten years it is up 20.2%. The long-run trend across the full record is volatile.
- Where does this Colombia 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.
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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.