Insurance and financial services in IDA only
IDA only: Insurance and financial services was 4.9% in 2024. ▲ Rising
Insurance and financial services in IDA only, 1983–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of commercial service exports.
Analysis
IDA only recorded 4.9% for insurance and financial services in 2024.
Compared with earlier readings it is up 1.0% on the previous year and up 5.4% over ten years.
Over the whole period, insurance and financial services in IDA only peaked at 6.1% in 2001 and was at its lowest, 2.5%, in 1990.
That places IDA only 26th out of 45 groups with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 28 years of available data.
Insurance and financial services in IDA only, year by year
| Year | % of commercial service exports | Change |
|---|---|---|
| 1983 | 2.9% | — |
| 1984 | 2.8% | -3.7% |
| 1986 | 3.4% | +22.7% |
| 1990 | 2.5% | -26.9% |
| 2001 | 6.1% | +144.0% |
| 2002 | 3.0% | -51.1% |
| 2003 | 3.2% | +8.3% |
| 2004 | 2.6% | -19.4% |
| 2005 | 3.3% | +28.5% |
| 2006 | 3.3% | -1.4% |
| 2007 | 3.3% | -1.2% |
| 2008 | 3.5% | +6.2% |
| 2009 | 3.6% | +5.0% |
| 2010 | 3.5% | -4.0% |
| 2011 | 3.8% | +8.9% |
| 2012 | 5.8% | +53.4% |
| 2013 | 3.6% | -37.7% |
| 2014 | 4.7% | +28.0% |
| 2015 | 4.1% | -10.8% |
| 2016 | 4.6% | +11.4% |
| 2017 | 4.2% | -9.1% |
| 2018 | 3.4% | -18.9% |
| 2019 | 3.2% | -7.3% |
| 2020 | 4.8% | +53.3% |
| 2021 | 5.5% | +14.3% |
| 2022 | 4.7% | -15.3% |
| 2023 | 4.9% | +3.6% |
| 2024 | 4.9% | +1.0% |
Biggest year-on-year movements
Years where Insurance and financial services in IDA only 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 |
|---|---|---|---|
| 2001 | +144.0% | 2.5% | 6.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 3.0% | 2.8% | 3.4% | 3 |
| 1990s | 2.5% | 2.5% | 2.5% | 1 |
| 2000s | 3.6% | 2.6% | 6.1% | 9 |
| 2010s | 4.1% | 3.2% | 5.8% | 10 |
| 2020s | 5.0% | 4.7% | 5.5% | 5 |
Countries ranked near IDA only
More private sector data for IDA only
- Merchandise trade 44.3% (2025)
- Food imports 17.2% (2021)
- Manufactures imports 62.7% (2021)
- Merchandise imports 484.00 billion current US$ (2025)
- Food exports 25.6% (2023)
- Manufactures exports 31.7% (2023)
- Merchandise exports 374.95 billion current US$ (2025)
- Merchandise exports (current US$), per capita 289.07 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.1948 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate 15.35 % change on previous year (2025)
Frequently asked questions
- What is insurance and financial services in IDA only?
- Insurance and financial services in IDA only was 4.9% 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 IDA only?
- The highest recorded value was 6.1% in 2001.
- What is the lowest insurance and financial services recorded in IDA only?
- The lowest recorded value was 2.5% in 1990.
- How does IDA only rank for insurance and financial services?
- IDA only ranks 26th out of 45 groups with data for 2024.
- Is insurance and financial services rising or falling in IDA only?
- Over the last ten years it is up 5.4%. The long-run trend across the full record is rising.
- Where does this IDA only 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 — 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.