Insurance and financial services (% of commercial service exports) in Hong Kong
Hong Kong: Insurance and financial services (% of commercial service exports) was 28.8% in 2025. ▲ Rising
Insurance and financial services in Hong Kong, 1998–2025
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of commercial service exports.
Analysis
Hong Kong recorded 28.8% for insurance and financial services in 2025.
That represents a change of up 4.3% on the previous year and up 46.4% over ten years.
Over the whole period, insurance and financial services in Hong Kong peaked at 34.3% in 2020 and was at its lowest, 12.1%, in 1998.
That places Hong Kong 7th out of 190 countries with data for 2025, putting it in the top 10%.
The long-run direction has been consistently rising across the 28 years of available data.
Insurance and financial services (% of commercial service exports) in Hong Kong, year by year
| Year | % of commercial service exports | Change |
|---|---|---|
| 1998 | 12.1% | — |
| 1999 | 15.4% | +27.3% |
| 2000 | 15.9% | +3.2% |
| 2001 | 16.5% | +4.0% |
| 2002 | 14.4% | -12.7% |
| 2003 | 12.6% | -12.4% |
| 2004 | 12.4% | -1.3% |
| 2005 | 14.3% | +15.1% |
| 2006 | 17.9% | +24.8% |
| 2007 | 20.4% | +14.1% |
| 2008 | 18.0% | -11.6% |
| 2009 | 18.4% | +2.2% |
| 2010 | 17.3% | -6.0% |
| 2011 | 16.7% | -3.7% |
| 2012 | 16.8% | +0.4% |
| 2013 | 16.7% | -0.0% |
| 2014 | 17.7% | +5.5% |
| 2015 | 19.6% | +11.2% |
| 2016 | 19.6% | -0.4% |
| 2017 | 20.7% | +5.9% |
| 2018 | 21.0% | +1.1% |
| 2019 | 22.6% | +7.8% |
| 2020 | 34.3% | +51.7% |
| 2021 | 31.7% | -7.4% |
| 2022 | 32.7% | +3.1% |
| 2023 | 27.1% | -17.1% |
| 2024 | 27.6% | +1.6% |
| 2025 | 28.8% | +4.3% |
Hong Kong compared with similar countries
- Hong Kong's 28.8% is above the median for high income countries, which is 5.2%, 5.5× the median. (69 countries reporting)
- Hong Kong's 28.8% is above the median for East Asia & Pacific, which is 1.5%, 19.7× the median. (29 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 13.7% | 12.1% | 15.4% | 2 |
| 2000s | 16.1% | 12.4% | 20.4% | 10 |
| 2010s | 18.9% | 16.7% | 22.6% | 10 |
| 2020s | 30.4% | 27.1% | 34.3% | 6 |
Countries ranked near Hong Kong
- 4 Cayman Islands 55.2% compare
- 5 Sierra Leone 32.7% compare
- 6 Bahrain 29.0% compare
- 8 Bermuda 27.9% compare
- 9 Nigeria 25.3% compare
- 10 United Kingdom 25.2% compare
More private sector data for Hong Kong
- Merchandise trade 371.0% (2025)
- Food imports 2.8% (2025)
- Manufactures imports 80.8% (2025)
- Merchandise imports 831.83 billion current US$ (2025)
- Commercial service imports 93.42 billion current US$ (2025)
- Food exports 1.3% (2025)
- Manufactures exports 85.7% (2025)
- Merchandise exports 753.58 billion current US$ (2025)
- Commercial service exports 115.24 billion current US$ (2025)
- Merchandise exports (current US$), per capita 100,492 current US$ per person (2025)
Frequently asked questions
- What is insurance and financial services in Hong Kong?
- Insurance and financial services in Hong Kong was 28.8% 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 Hong Kong?
- The highest recorded value was 34.3% in 2020.
- What is the lowest insurance and financial services recorded in Hong Kong?
- The lowest recorded value was 12.1% in 1998.
- How does Hong Kong rank for insurance and financial services?
- Hong Kong ranks 7th out of 190 countries with data for 2025.
- Is insurance and financial services rising or falling in Hong Kong?
- Over the last ten years it is up 46.4%. The long-run trend across the full record is rising.
- Where does this Hong Kong 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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CSV · JSON — 28 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.