Insurance and financial services in Ecuador
Ecuador: Insurance and financial services was 3.1% in 2025. ◆ Volatile
Insurance and financial services in Ecuador, 1976–2025
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 Ecuador is 3.1%, measured in 2025.
The figure is up 66.6% on the previous year and down 29.4% over ten years.
Over the whole period, insurance and financial services in Ecuador peaked at 29.0% in 1978 and was at its lowest, 0.0%, in 2006.
That places Ecuador 90th 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 Ecuador, year by year
| Year | % of commercial service exports | Change |
|---|---|---|
| 1976 | 28.4% | — |
| 1977 | 19.9% | -29.9% |
| 1978 | 29.0% | +45.9% |
| 1979 | 20.7% | -28.6% |
| 1980 | 16.9% | -18.6% |
| 1981 | 18.8% | +11.3% |
| 1982 | 14.4% | -23.3% |
| 1983 | 11.5% | -20.2% |
| 1984 | 10.7% | -6.8% |
| 1985 | 8.4% | -21.7% |
| 1986 | 7.7% | -7.7% |
| 1987 | 7.6% | -1.5% |
| 1988 | 7.5% | -1.4% |
| 1989 | 8.4% | +12.4% |
| 1990 | 9.3% | +9.7% |
| 1991 | 9.5% | +3.1% |
| 1992 | 8.9% | -6.7% |
| 1993 | 0.0% | -99.5% |
| 1994 | 0.0% | +16.8% |
| 1995 | 0.0% | -46.5% |
| 1996 | 0.2% | +511.6% |
| 1997 | 0.0% | -94.1% |
| 1998 | 1.7% | +17697.9% |
| 1999 | 0.0% | -97.3% |
| 2000 | 0.2% | +263.2% |
| 2001 | 0.1% | -42.7% |
| 2002 | 0.1% | -45.5% |
| 2003 | 0.1% | +97.0% |
| 2004 | 0.0% | -87.1% |
| 2005 | 0.1% | +504.1% |
| 2006 | 0.0% | -98.9% |
| 2014 | 4.3% | +517699.1% |
| 2015 | 4.3% | +0.7% |
| 2016 | 1.9% | -56.7% |
| 2017 | 1.5% | -20.3% |
| 2018 | 2.2% | +50.0% |
| 2019 | 2.5% | +11.8% |
| 2020 | 3.9% | +55.8% |
| 2021 | 2.8% | -27.6% |
| 2022 | 1.5% | -48.5% |
| 2023 | 1.7% | +18.7% |
| 2024 | 1.8% | +6.1% |
| 2025 | 3.1% | +66.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 24.5% | 19.9% | 29.0% | 4 |
| 1980s | 11.2% | 7.5% | 18.8% | 10 |
| 1990s | 3.0% | 0.0% | 9.5% | 10 |
| 2000s | 0.1% | 0.0% | 0.2% | 7 |
| 2010s | 2.8% | 1.5% | 4.3% | 6 |
| 2020s | 2.5% | 1.5% | 3.9% | 6 |
Countries ranked near Ecuador
- 87 Côte d'Ivoire 3.3% compare
- 88 Bolivia, Plurinational State of 3.3% compare
- 89 Egypt 3.1% compare
- 91 Azerbaijan 3.0% compare
- 92 Uganda 2.9% compare
- 93 Bangladesh 2.8% compare
More private sector data for Ecuador
- Merchandise trade 53.6% (2025)
- Food imports 12.2% (2024)
- Manufactures imports 59.2% (2024)
- Merchandise imports 32.65 billion current US$ (2025)
- Food exports 53.7% (2024)
- Manufactures exports 4.9% (2024)
- Merchandise exports 37.15 billion current US$ (2025)
- Merchandise exports (current US$), per capita 2,031 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.2851 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate 7.93 % change on previous year (2025)
Frequently asked questions
- What is insurance and financial services in Ecuador?
- Insurance and financial services in Ecuador was 3.1% 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 Ecuador?
- The highest recorded value was 29.0% in 1978.
- What is the lowest insurance and financial services recorded in Ecuador?
- The lowest recorded value was 0.0% in 2006.
- How does Ecuador rank for insurance and financial services?
- Ecuador ranks 90th out of 190 countries with data for 2025.
- Is insurance and financial services rising or falling in Ecuador?
- Over the last ten years it is down 29.4%. The long-run trend across the full record is volatile.
- Where does this Ecuador 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.