Insurance and financial services in Dominica
Dominica: Insurance and financial services was 4.9% in 2025. ▼ Falling
Insurance and financial services in Dominica, 1986–2025
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 Dominica is 4.9%, measured in 2025.
The figure is up 1.0% on the previous year and up 191.4% over ten years.
Over the whole period, insurance and financial services in Dominica peaked at 11.3% in 1990 and was at its lowest, 1.7%, in 2015.
Dominica ranks 68th of 190 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 40 years of available data.
Insurance and financial services in Dominica, year by year
| Year | % of commercial service exports | Change |
|---|---|---|
| 1986 | 4.0% | — |
| 1987 | 5.9% | +48.6% |
| 1988 | 5.0% | -14.4% |
| 1989 | 8.5% | +69.8% |
| 1990 | 11.3% | +32.2% |
| 1991 | 3.7% | -67.7% |
| 1992 | 3.3% | -9.1% |
| 1993 | 6.5% | +95.1% |
| 1994 | 3.5% | -45.5% |
| 1995 | 3.3% | -5.6% |
| 1996 | 4.0% | +20.7% |
| 1997 | 3.3% | -17.7% |
| 1998 | 3.1% | -5.7% |
| 1999 | 2.8% | -10.4% |
| 2000 | 4.8% | +70.2% |
| 2001 | 4.7% | -1.7% |
| 2002 | 4.2% | -11.1% |
| 2003 | 3.6% | -12.5% |
| 2004 | 3.6% | -1.5% |
| 2005 | 3.3% | -7.9% |
| 2006 | 2.8% | -15.7% |
| 2007 | 2.8% | +1.9% |
| 2008 | 2.6% | -10.0% |
| 2009 | 2.5% | -1.2% |
| 2010 | 2.2% | -12.4% |
| 2011 | 2.2% | -2.0% |
| 2012 | 2.2% | +3.8% |
| 2013 | 1.9% | -14.4% |
| 2014 | 1.8% | -3.9% |
| 2015 | 1.7% | -9.4% |
| 2016 | 1.7% | +2.6% |
| 2017 | 2.4% | +38.1% |
| 2018 | 4.3% | +80.6% |
| 2019 | 2.5% | -42.0% |
| 2020 | 6.8% | +173.8% |
| 2021 | 5.9% | -13.1% |
| 2022 | 5.1% | -13.2% |
| 2023 | 4.8% | -6.0% |
| 2024 | 4.8% | +0.0% |
| 2025 | 4.9% | +1.0% |
Dominica compared with similar countries
- Dominica's 4.9% is above the median for upper middle income countries, which is 1.9%, 2.6× the median. (53 countries reporting)
- Dominica's 4.9% is above the median for Latin America & Caribbean, which is 2.7%, 1.8× the median. (35 countries reporting)
Biggest year-on-year movements
Years where Insurance and financial services in Dominica 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 |
|---|---|---|---|
| 2020 | +173.8% | 2.5% | 6.8% |
| 1993 | +95.1% | 3.3% | 6.5% |
| 2018 | +80.6% | 2.4% | 4.3% |
| 1989 | +69.8% | 5.0% | 8.5% |
| 2000 | +70.2% | 2.8% | 4.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 5.9% | 4.0% | 8.5% | 4 |
| 1990s | 4.5% | 2.8% | 11.3% | 10 |
| 2000s | 3.5% | 2.5% | 4.8% | 10 |
| 2010s | 2.3% | 1.7% | 4.3% | 10 |
| 2020s | 5.4% | 4.8% | 6.8% | 6 |
Countries ranked near Dominica
More private sector data for Dominica
- Merchandise trade 39.1% (2025)
- Food imports 25.2% (2023)
- Manufactures imports 53.5% (2023)
- Merchandise imports 259.00 million current US$ (2025)
- Food exports 41.2% (2023)
- Manufactures exports 57.8% (2023)
- Merchandise exports 24.00 million current US$ (2025)
- Merchandise exports (current US$), per capita 364.35 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.0332 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate -17.24 % change on previous year (2025)
Frequently asked questions
- What is insurance and financial services in Dominica?
- Insurance and financial services in Dominica was 4.9% 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 Dominica?
- The highest recorded value was 11.3% in 1990.
- What is the lowest insurance and financial services recorded in Dominica?
- The lowest recorded value was 1.7% in 2015.
- How does Dominica rank for insurance and financial services?
- Dominica ranks 68th out of 190 countries with data for 2025.
- Is insurance and financial services rising or falling in Dominica?
- Over the last ten years it is up 191.4%. The long-run trend across the full record is falling.
- Where does this Dominica 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
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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.