Insurance and financial services in European Union
European Union: Insurance and financial services was 9.5% in 2025. ▲ Rising
Insurance and financial services in European Union, 1976–2025
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of commercial service exports.
Analysis
European Union recorded 9.5% for insurance and financial services in 2025.
That represents a change of up 8.0% on the previous year and up 25.9% over ten years.
Over the whole period, insurance and financial services in European Union peaked at 9.6% in 2009 and was at its lowest, 2.7%, in 1983.
That places European Union 15th 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 42 years of available data.
Insurance and financial services in European Union, year by year
| Year | % of commercial service exports | Change |
|---|---|---|
| 1976 | 3.1% | — |
| 1977 | 2.9% | -7.1% |
| 1978 | 2.9% | +1.2% |
| 1979 | 2.8% | -4.6% |
| 1980 | 2.8% | -0.9% |
| 1981 | 3.0% | +7.7% |
| 1982 | 3.0% | -0.1% |
| 1983 | 2.7% | -8.9% |
| 1984 | 2.8% | +3.6% |
| 1985 | 2.9% | +3.5% |
| 1986 | 3.8% | +29.5% |
| 1987 | 3.9% | +2.6% |
| 1988 | 4.3% | +10.1% |
| 1989 | 4.3% | +1.5% |
| 1990 | 4.1% | -5.8% |
| 1999 | 7.0% | +72.0% |
| 2000 | 6.7% | -3.7% |
| 2001 | 5.9% | -12.9% |
| 2002 | 7.6% | +28.9% |
| 2003 | 6.7% | -12.1% |
| 2004 | 8.3% | +24.0% |
| 2005 | 7.9% | -4.1% |
| 2006 | 8.5% | +7.2% |
| 2007 | 8.6% | +1.8% |
| 2008 | 8.5% | -2.1% |
| 2009 | 9.6% | +12.9% |
| 2010 | 9.0% | -6.2% |
| 2011 | 8.9% | -0.5% |
| 2012 | 9.1% | +1.9% |
| 2013 | 8.5% | -6.8% |
| 2014 | 7.7% | -9.1% |
| 2015 | 7.5% | -2.4% |
| 2016 | 7.7% | +2.5% |
| 2017 | 7.2% | -6.9% |
| 2018 | 7.0% | -2.2% |
| 2019 | 7.0% | -0.0% |
| 2020 | 8.4% | +20.5% |
| 2021 | 8.2% | -2.5% |
| 2022 | 7.5% | -9.2% |
| 2023 | 8.4% | +11.9% |
| 2024 | 8.8% | +4.6% |
| 2025 | 9.5% | +8.0% |
Biggest year-on-year movements
Years where Insurance and financial services in European Union 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 |
|---|---|---|---|
| 1999 | +72.0% | 4.1% | 7.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 2.9% | 2.8% | 3.1% | 4 |
| 1980s | 3.3% | 2.7% | 4.3% | 10 |
| 1990s | 5.5% | 4.1% | 7.0% | 2 |
| 2000s | 7.8% | 5.9% | 9.6% | 10 |
| 2010s | 8.0% | 7.0% | 9.1% | 10 |
| 2020s | 8.5% | 7.5% | 9.5% | 6 |
Countries ranked near European Union
- 12 Haiti 21.1% compare
- 13 United States of America 20.2% compare
- 14 Bermuda 20.0% compare
- 15 Cyprus 19.7% compare
- 16 Central African Republic 19.6% compare
- 17 Guinea 18.3% compare
- 18 Burkina Faso 18.2% compare
More private sector data for European Union
- Merchandise trade 70.9% (2025)
- Food imports 10.7% (2024)
- Manufactures imports 70.7% (2024)
- Merchandise imports 7.41 trillion current US$ (2025)
- Food exports 11.0% (2024)
- Manufactures exports 76.6% (2024)
- Merchandise exports 7.66 trillion current US$ (2025)
- Merchandise exports (current US$), per capita 16,988 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.3608 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate 6.82 % change on previous year (2025)
Frequently asked questions
- What is insurance and financial services in European Union?
- Insurance and financial services in European Union was 9.5% 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 European Union?
- The highest recorded value was 9.6% in 2009.
- What is the lowest insurance and financial services recorded in European Union?
- The lowest recorded value was 2.7% in 1983.
- How does European Union rank for insurance and financial services?
- European Union ranks 15th out of 45 groups with data for 2025.
- Is insurance and financial services rising or falling in European Union?
- Over the last ten years it is up 25.9%. The long-run trend across the full record is rising.
- Where does this European Union 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 — 42 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.