Insurance and financial services (% of commercial service exports) in Ecuador
Ecuador: Insurance and financial services (% of commercial service exports) was 3.0% 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 3.0%, measured in 2025.
The figure is up 65.0% on the previous year and down 30.5% 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 93rd 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 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% | -20.4% |
| 2018 | 2.2% | +49.9% |
| 2019 | 2.5% | +11.9% |
| 2020 | 3.9% | +55.2% |
| 2021 | 2.8% | -27.6% |
| 2022 | 1.5% | -48.4% |
| 2023 | 1.7% | +18.4% |
| 2024 | 1.8% | +6.1% |
| 2025 | 3.0% | +65.0% |
Ecuador compared with similar countries
- Ecuador's 3.0% is above the median for upper middle income countries, which is 1.9%, 1.6× the median. (53 countries reporting)
- Ecuador's 3.0% is above the median for Latin America & Caribbean, which is 2.8%, 1.1× the median. (35 countries reporting)
Biggest year-on-year movements
Years where Insurance and financial services (% of commercial service exports) in Ecuador 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 |
|---|---|---|---|
| 2014 | +517699.1% | 0.0% | 4.3% |
| 1998 | +17697.9% | 0.0% | 1.7% |
| 1996 | +511.6% | 0.0% | 0.2% |
| 2005 | +504.1% | 0.0% | 0.1% |
| 2000 | +263.2% | 0.0% | 0.2% |
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 | 2.4% | 1.5% | 3.9% | 6 |
Countries ranked near Ecuador
More private sector data for Ecuador
- Merchandise trade 53.6% (2025)
- Food imports 12.1% (2025)
- Manufactures imports 61.5% (2025)
- Merchandise imports 32.65 billion current US$ (2025)
- Commercial service imports 6.27 billion current US$ (2025)
- Food exports 58.7% (2025)
- Manufactures exports 4.6% (2025)
- Merchandise exports 37.15 billion current US$ (2025)
- Commercial service exports 4.08 billion current US$ (2025)
- Merchandise exports (current US$), per capita 2,031 current US$ per person (2025)
Frequently asked questions
- What is insurance and financial services in Ecuador?
- Insurance and financial services in Ecuador was 3.0% 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 93rd 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 30.5%. 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.
Download this data
CSV · JSON — 43 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.