Insurance and financial services (% of commercial service exports) in Europe & Central Asia (IDA & IBRD countries)
Europe & Central Asia (IDA & IBRD countries): Insurance and financial services (% of commercial service exports) was 4.0% in 2025. ▲ Rising
Insurance and financial services in Europe & Central Asia (IDA & IBRD countries), 1994–2025
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of commercial service exports.
Analysis
Europe & Central Asia (IDA & IBRD countries) recorded 4.0% for insurance and financial services in 2025.
That represents a change of down 0.8% on the previous year and up 43.7% over ten years.
Over the whole period, insurance and financial services in Europe & Central Asia (IDA & IBRD countries) peaked at 4.2% in 1998 and was at its lowest, 2.0%, in 2005.
That places Europe & Central Asia (IDA & IBRD countries) 30th out of 45 groups with data for 2025, putting it in the middle of the range.
The long-run direction has been consistently rising across the 32 years of available data.
Insurance and financial services (% of commercial service exports) in Europe & Central Asia (IDA & IBRD countries), year by year
| Year | % of commercial service exports | Change |
|---|---|---|
| 1994 | 2.3% | — |
| 1995 | 3.0% | +33.5% |
| 1996 | 2.9% | -4.9% |
| 1997 | 3.4% | +18.0% |
| 1998 | 4.2% | +23.3% |
| 1999 | 3.1% | -27.5% |
| 2000 | 2.2% | -29.5% |
| 2001 | 2.4% | +11.9% |
| 2002 | 2.2% | -10.7% |
| 2003 | 2.2% | +3.5% |
| 2004 | 2.0% | -10.6% |
| 2005 | 2.0% | -0.1% |
| 2006 | 2.1% | +8.0% |
| 2007 | 2.9% | +33.8% |
| 2008 | 3.0% | +3.5% |
| 2009 | 2.6% | -11.3% |
| 2010 | 2.7% | +0.7% |
| 2011 | 2.5% | -4.6% |
| 2012 | 2.6% | +0.8% |
| 2013 | 2.5% | -2.8% |
| 2014 | 2.6% | +3.4% |
| 2015 | 2.8% | +8.9% |
| 2016 | 2.5% | -9.6% |
| 2017 | 2.4% | -6.6% |
| 2018 | 2.4% | -0.3% |
| 2019 | 2.2% | -6.7% |
| 2020 | 3.0% | +35.2% |
| 2021 | 2.7% | -7.9% |
| 2022 | 2.7% | +0.4% |
| 2023 | 3.2% | +15.4% |
| 2024 | 4.0% | +27.7% |
| 2025 | 4.0% | -0.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 3.1% | 2.3% | 4.2% | 6 |
| 2000s | 2.4% | 2.0% | 3.0% | 10 |
| 2010s | 2.5% | 2.2% | 2.8% | 10 |
| 2020s | 3.3% | 2.7% | 4.0% | 6 |
Countries ranked near Europe & Central Asia (IDA & IBRD countries)
More private sector data for Europe & Central Asia (IDA & IBRD countries)
- Food imports 9.5% (2024)
- Merchandise imports 1.78 trillion current US$ (2025)
- Commercial service exports 519.71 billion current US$ (2025)
- Merchandise exports (current US$), per capita 3,468 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.2266 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate 2.64 % change on previous year (2025)
- Merchandise imports (current US$), per capita 3,842 current US$ per person (2025)
- Merchandise imports (current US$), per unit of GDP 0.2511 current US$ per US$ of GDP (2025)
- Merchandise imports (current US$), annual growth rate 7.36 % change on previous year (2025)
- Computer, communications and other services 43.2% (2025)
Frequently asked questions
- What is insurance and financial services in Europe & Central Asia (IDA & IBRD countries)?
- Insurance and financial services in Europe & Central Asia (IDA & IBRD countries) was 4.0% 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 Europe & Central Asia (IDA & IBRD countries)?
- The highest recorded value was 4.2% in 1998.
- What is the lowest insurance and financial services recorded in Europe & Central Asia (IDA & IBRD countries)?
- The lowest recorded value was 2.0% in 2005.
- How does Europe & Central Asia (IDA & IBRD countries) rank for insurance and financial services?
- Europe & Central Asia (IDA & IBRD countries) ranks 30th out of 45 groups with data for 2025.
- Is insurance and financial services rising or falling in Europe & Central Asia (IDA & IBRD countries)?
- Over the last ten years it is up 43.7%. The long-run trend across the full record is rising.
- Where does this Europe & Central Asia (IDA & IBRD countries) 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.