Insurance and financial services in Greece
Greece: Insurance and financial services was 3.6% in 2024. ◆ Volatile
Insurance and financial services in Greece, 1976–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of commercial service exports.
Analysis
Greece recorded 3.6% for insurance and financial services in 2024. That is the highest value across all 48 years on record.
That represents a change of up 8.7% on the previous year and up 97.1% over ten years.
Over the whole period, insurance and financial services in Greece peaked at 3.6% in 2024 and was at its lowest, 0.1%, in 1992.
That places Greece 81st out of 190 countries with data for 2024, 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 Greece, year by year
| Year | % of commercial service exports | Change |
|---|---|---|
| 1976 | 0.3% | — |
| 1977 | 0.2% | -29.5% |
| 1978 | 0.2% | -21.4% |
| 1979 | 0.2% | -6.0% |
| 1980 | 0.1% | -27.7% |
| 1981 | 0.3% | +119.9% |
| 1982 | 0.3% | -4.6% |
| 1983 | 0.1% | -47.8% |
| 1984 | 0.2% | +31.3% |
| 1985 | 0.2% | +4.3% |
| 1986 | 0.3% | +77.8% |
| 1987 | 0.2% | -46.2% |
| 1988 | 0.2% | -15.3% |
| 1989 | 0.1% | -7.0% |
| 1990 | 0.1% | -16.4% |
| 1991 | 0.2% | +25.4% |
| 1992 | 0.1% | -24.9% |
| 1993 | 0.2% | +37.8% |
| 1994 | 0.2% | +16.6% |
| 1995 | 0.3% | +35.5% |
| 1996 | 0.3% | +20.0% |
| 1997 | 0.3% | -6.8% |
| 1999 | 2.2% | +669.4% |
| 2000 | 1.5% | -32.6% |
| 2001 | 1.0% | -32.9% |
| 2002 | 1.1% | +14.0% |
| 2003 | 1.2% | +4.6% |
| 2004 | 1.1% | -9.9% |
| 2005 | 1.1% | +3.7% |
| 2006 | 1.0% | -5.1% |
| 2007 | 1.3% | +24.3% |
| 2008 | 1.2% | -7.5% |
| 2009 | 1.6% | +35.7% |
| 2010 | 1.5% | -7.2% |
| 2011 | 1.8% | +22.1% |
| 2012 | 1.9% | +4.0% |
| 2013 | 2.0% | +6.3% |
| 2014 | 1.8% | -9.1% |
| 2015 | 1.4% | -23.6% |
| 2016 | 1.5% | +4.0% |
| 2017 | 1.7% | +18.6% |
| 2018 | 1.4% | -19.5% |
| 2019 | 1.4% | +0.3% |
| 2020 | 2.4% | +72.7% |
| 2021 | 3.3% | +34.7% |
| 2022 | 2.7% | -17.4% |
| 2023 | 3.3% | +24.2% |
| 2024 | 3.6% | +8.7% |
Greece compared with similar countries
- Greece's 3.6% is below the median for high income countries, which is 5.3%, 69% of the median. (69 countries reporting)
- Greece's 3.6% is above the median for Europe & Central Asia, which is 3.6%, 1.0× the median. (51 countries reporting)
Biggest year-on-year movements
Years where Insurance and financial services in Greece 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 | +669.4% | 0.3% | 2.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0.2% | 0.2% | 0.3% | 4 |
| 1980s | 0.2% | 0.1% | 0.3% | 10 |
| 1990s | 0.4% | 0.1% | 2.2% | 9 |
| 2000s | 1.2% | 1.0% | 1.6% | 10 |
| 2010s | 1.7% | 1.4% | 2.0% | 10 |
| 2020s | 3.1% | 2.4% | 3.6% | 5 |
Countries ranked near Greece
More private sector data for Greece
- Merchandise trade 52.5% (2025)
- Food imports 13.1% (2024)
- Manufactures imports 54.6% (2024)
- Merchandise imports 92.56 billion current US$ (2025)
- Food exports 21.7% (2024)
- Manufactures exports 37.1% (2024)
- Merchandise exports 54.77 billion current US$ (2025)
- Merchandise exports (current US$), per capita 5,259 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.1952 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate 1.24 % change on previous year (2025)
Frequently asked questions
- What is insurance and financial services in Greece?
- Insurance and financial services in Greece was 3.6% in 2024, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest insurance and financial services recorded in Greece?
- The highest recorded value was 3.6% in 2024.
- What is the lowest insurance and financial services recorded in Greece?
- The lowest recorded value was 0.1% in 1992.
- How does Greece rank for insurance and financial services?
- Greece ranks 81st out of 190 countries with data for 2024.
- Is insurance and financial services rising or falling in Greece?
- Over the last ten years it is up 97.1%. The long-run trend across the full record is volatile.
- Where does this Greece 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 — 48 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.