Insurance and financial services in Haiti
Haiti: Insurance and financial services was 21.1% in 2024. ◆ Volatile
Insurance and financial services in Haiti, 1971–2024
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 Haiti is 21.1%, measured in 2024. That is the highest value across all 34 years on record.
That represents a change of up 87.9% on the previous year and up 1,277.1% over ten years.
Over the whole period, insurance and financial services in Haiti peaked at 21.1% in 2024 and was at its lowest, 0.5%, in 1992.
Haiti ranks 12th of 190 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Insurance and financial services in Haiti, year by year
| Year | % of commercial service exports | Change |
|---|---|---|
| 1971 | 0.8% | — |
| 1972 | 1.9% | +142.9% |
| 1975 | 0.8% | -58.9% |
| 1976 | 0.8% | -1.4% |
| 1977 | 1.4% | +76.4% |
| 1978 | 1.1% | -16.9% |
| 1979 | 1.2% | +7.9% |
| 1980 | 1.3% | +7.7% |
| 1981 | 1.5% | +17.4% |
| 1982 | 1.5% | -2.0% |
| 1983 | 1.5% | +2.5% |
| 1984 | 1.8% | +18.8% |
| 1985 | 1.8% | -2.9% |
| 1986 | 1.8% | +3.5% |
| 1987 | 1.7% | -6.4% |
| 1988 | 1.7% | -4.2% |
| 1989 | 1.4% | -14.7% |
| 1990 | 1.3% | -10.3% |
| 1991 | 0.8% | -34.2% |
| 1992 | 0.5% | -44.5% |
| 1993 | 0.6% | +31.8% |
| 1994 | 1.5% | +145.3% |
| 1995 | 0.6% | -62.4% |
| 2014 | 1.5% | +173.5% |
| 2015 | 1.6% | +6.2% |
| 2016 | 2.0% | +22.8% |
| 2017 | 2.2% | +10.5% |
| 2018 | 2.5% | +11.8% |
| 2019 | 3.4% | +37.8% |
| 2020 | 15.8% | +364.6% |
| 2021 | 13.1% | -17.4% |
| 2022 | 14.9% | +14.4% |
| 2023 | 11.2% | -24.7% |
| 2024 | 21.1% | +87.9% |
Haiti compared with similar countries
- Haiti's 21.1% is above the median for lower middle income countries, which is 1.8%, 12.1× the median. (46 countries reporting)
- Haiti's 21.1% is above the median for Latin America & Caribbean, which is 2.7%, 7.8× the median. (35 countries reporting)
Biggest year-on-year movements
Years where Insurance and financial services in Haiti 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 |
|---|---|---|---|
| 2020 | +364.6% | 3.4% | 15.8% |
| 2014 | +173.5% | 0.6% | 1.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 1.1% | 0.8% | 1.9% | 7 |
| 1980s | 1.6% | 1.3% | 1.8% | 10 |
| 1990s | 0.9% | 0.5% | 1.5% | 6 |
| 2010s | 2.2% | 1.5% | 3.4% | 6 |
| 2020s | 15.2% | 11.2% | 21.1% | 5 |
Countries ranked near Haiti
- 9 United Kingdom of Great Britain and Northern Ireland 25.2% compare
- 10 Guinea-Bissau 21.6% compare
- 11 Switzerland 21.4% compare
- 13 United States of America 20.2% compare
- 14 Bermuda 20.0% compare
- 15 Cyprus 19.7% compare
More private sector data for Haiti
- Merchandise trade 16.2% (2025)
- Food imports 37.3% (2016)
- Manufactures imports 43.9% (2016)
- Merchandise imports 4.63 billion current US$ (2025)
- Food exports 16.4% (2016)
- Manufactures exports 79.1% (2016)
- Merchandise exports 554.00 million current US$ (2025)
- Merchandise exports (current US$), per capita 46.53 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.0173 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate -18.53 % change on previous year (2025)
Frequently asked questions
- What is insurance and financial services in Haiti?
- Insurance and financial services in Haiti was 21.1% 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 Haiti?
- The highest recorded value was 21.1% in 2024.
- What is the lowest insurance and financial services recorded in Haiti?
- The lowest recorded value was 0.5% in 1992.
- How does Haiti rank for insurance and financial services?
- Haiti ranks 12th out of 190 countries with data for 2024.
- Is insurance and financial services rising or falling in Haiti?
- Over the last ten years it is up 1,277.1%. The long-run trend across the full record is volatile.
- Where does this Haiti 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.