Insurance and financial services (% of commercial service exports) in Europe & Central Asia
Europe & Central Asia: Insurance and financial services (% of commercial service exports) was 10.0% in 2025. ▲ Rising
Insurance and financial services in Europe & Central Asia, 1977–2025
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 Europe & Central Asia is 10.0%, measured in 2025.
That represents a change of up 1.2% on the previous year and up 8.7% over ten years.
Over the whole period, insurance and financial services in Europe & Central Asia peaked at 11.7% in 2009 and was at its lowest, 2.9%, in 1978.
Europe & Central Asia ranks 11th of 45 groups on this measure, in the top quarter.
The long-run direction has been consistently rising across the 45 years of available data.
Insurance and financial services (% of commercial service exports) in Europe & Central Asia, year by year
| Year | % of commercial service exports | Change |
|---|---|---|
| 1977 | 2.9% | — |
| 1978 | 2.9% | -0.6% |
| 1981 | 3.0% | +2.5% |
| 1982 | 3.1% | +2.3% |
| 1983 | 3.7% | +21.4% |
| 1986 | 6.6% | +78.0% |
| 1987 | 6.4% | -3.1% |
| 1988 | 6.6% | +2.9% |
| 1989 | 6.6% | -0.8% |
| 1990 | 6.4% | -1.7% |
| 1991 | 8.5% | +31.3% |
| 1992 | 9.7% | +14.4% |
| 1993 | 9.5% | -1.4% |
| 1994 | 7.3% | -23.8% |
| 1995 | 7.5% | +3.9% |
| 1996 | 8.2% | +8.6% |
| 1997 | 8.7% | +5.9% |
| 1998 | 8.5% | -2.6% |
| 1999 | 9.6% | +13.6% |
| 2000 | 9.3% | -2.7% |
| 2001 | 8.7% | -7.3% |
| 2002 | 9.7% | +12.2% |
| 2003 | 9.2% | -5.1% |
| 2004 | 10.3% | +12.1% |
| 2005 | 10.3% | -0.9% |
| 2006 | 11.0% | +7.0% |
| 2007 | 11.4% | +4.1% |
| 2008 | 11.0% | -3.2% |
| 2009 | 11.7% | +6.0% |
| 2010 | 11.0% | -6.4% |
| 2011 | 10.9% | -0.7% |
| 2012 | 10.9% | +0.2% |
| 2013 | 10.3% | -5.6% |
| 2014 | 9.5% | -8.0% |
| 2015 | 9.2% | -2.5% |
| 2016 | 9.3% | +0.6% |
| 2017 | 8.7% | -5.8% |
| 2018 | 8.6% | -1.1% |
| 2019 | 8.4% | -2.7% |
| 2020 | 10.0% | +18.8% |
| 2021 | 9.8% | -1.9% |
| 2022 | 9.0% | -8.4% |
| 2023 | 9.7% | +8.4% |
| 2024 | 9.9% | +2.0% |
| 2025 | 10.0% | +1.2% |
Biggest year-on-year movements
Years where Insurance and financial services (% of commercial service exports) in Europe & Central Asia 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 |
|---|---|---|---|
| 1986 | +78.0% | 3.7% | 6.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 2.9% | 2.9% | 2.9% | 2 |
| 1980s | 5.1% | 3.0% | 6.6% | 7 |
| 1990s | 8.4% | 6.4% | 9.7% | 10 |
| 2000s | 10.3% | 8.7% | 11.7% | 10 |
| 2010s | 9.7% | 8.4% | 11.0% | 10 |
| 2020s | 9.7% | 9.0% | 10.0% | 6 |
Countries ranked near Europe & Central Asia
- 8 Bermuda 27.9% compare
- 9 Nigeria 25.3% compare
- 10 United Kingdom 25.2% compare
- 11 Guinea-Bissau 21.6% compare
- 12 Switzerland 21.3% compare
- 13 Haiti 21.1% compare
- 14 United States 20.5% compare
More private sector data for Europe & Central Asia
- Merchandise trade 62.2% (2025)
- Food imports 10.7% (2025)
- Manufactures imports 68.6% (2025)
- Merchandise imports 10.09 trillion current US$ (2025)
- Commercial service imports 4.21 trillion current US$ (2025)
- Food exports 10.6% (2025)
- Manufactures exports 72.5% (2025)
- Merchandise exports 9.97 trillion current US$ (2025)
- Commercial service exports 4.84 trillion current US$ (2025)
- Merchandise exports (current US$), per capita 10,690 current US$ per person (2025)
Frequently asked questions
- What is insurance and financial services in Europe & Central Asia?
- Insurance and financial services in Europe & Central Asia was 10.0% 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?
- The highest recorded value was 11.7% in 2009.
- What is the lowest insurance and financial services recorded in Europe & Central Asia?
- The lowest recorded value was 2.9% in 1978.
- How does Europe & Central Asia rank for insurance and financial services?
- Europe & Central Asia ranks 11th out of 45 groups with data for 2025.
- Is insurance and financial services rising or falling in Europe & Central Asia?
- Over the last ten years it is up 8.7%. The long-run trend across the full record is rising.
- Where does this Europe & Central Asia 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.