Insurance and financial services (% of commercial service exports) in IDA total
IDA total: Insurance and financial services (% of commercial service exports) was 9.3% in 2025. ◆ Volatile
Insurance and financial services in IDA total, 1983–2025
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 IDA total is 9.3%, measured in 2025.
The figure is down 6.4% on the previous year and up 70.0% over ten years.
Over the whole period, insurance and financial services in IDA total peaked at 9.9% in 2024 and was at its lowest, 1.2%, in 1995.
That places IDA total 13th out of 45 groups with data for 2025, 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 (% of commercial service exports) in IDA total, year by year
| Year | % of commercial service exports | Change |
|---|---|---|
| 1983 | 2.7% | — |
| 1984 | 2.8% | +2.5% |
| 1985 | 3.2% | +15.6% |
| 1986 | 2.4% | -27.0% |
| 1987 | 2.3% | -2.5% |
| 1988 | 2.5% | +8.3% |
| 1989 | 1.8% | -27.9% |
| 1990 | 1.8% | +1.8% |
| 1991 | 2.0% | +12.0% |
| 1992 | 1.6% | -23.0% |
| 1994 | 1.3% | -19.7% |
| 1995 | 1.2% | -2.4% |
| 1996 | 2.4% | +94.9% |
| 1997 | 2.2% | -6.7% |
| 1998 | 2.4% | +7.8% |
| 1999 | 2.8% | +16.7% |
| 2000 | 2.5% | -12.6% |
| 2001 | 3.9% | +60.0% |
| 2002 | 2.2% | -43.1% |
| 2003 | 3.4% | +51.0% |
| 2004 | 3.3% | -1.6% |
| 2005 | 4.5% | +35.9% |
| 2006 | 3.9% | -13.7% |
| 2007 | 3.8% | -3.2% |
| 2008 | 3.7% | -1.1% |
| 2009 | 3.7% | -0.5% |
| 2010 | 3.2% | -14.8% |
| 2011 | 3.6% | +12.7% |
| 2012 | 4.6% | +28.1% |
| 2013 | 3.4% | -25.0% |
| 2014 | 4.3% | +24.5% |
| 2015 | 5.5% | +27.8% |
| 2016 | 5.4% | -1.6% |
| 2017 | 5.3% | -1.1% |
| 2018 | 6.7% | +26.9% |
| 2019 | 6.7% | -0.1% |
| 2020 | 9.0% | +33.0% |
| 2021 | 8.4% | -5.8% |
| 2022 | 7.8% | -7.2% |
| 2023 | 9.3% | +18.6% |
| 2024 | 9.9% | +6.7% |
| 2025 | 9.3% | -6.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 2.5% | 1.8% | 3.2% | 7 |
| 1990s | 2.0% | 1.2% | 2.8% | 9 |
| 2000s | 3.5% | 2.2% | 4.5% | 10 |
| 2010s | 4.9% | 3.2% | 6.7% | 10 |
| 2020s | 8.9% | 7.8% | 9.9% | 6 |
Countries ranked near IDA total
- 10 United Kingdom 25.2% compare
- 11 Guinea-Bissau 21.6% compare
- 12 Switzerland 21.3% compare
- 13 Haiti 21.1% compare
- 14 United States 20.5% compare
- 15 Cyprus 19.7% compare
- 16 Sudan 19.7% compare
More private sector data for IDA total
- Merchandise trade 40.1% (2025)
- Food imports 15.2% (2023)
- Manufactures imports 56.6% (2023)
- Merchandise imports 720.00 billion current US$ (2025)
- Commercial service imports 177.73 billion current US$ (2024)
- Food exports 22.6% (2024)
- Manufactures exports 26.0% (2024)
- Merchandise exports 565.68 billion current US$ (2025)
- Commercial service exports 141.85 billion current US$ (2025)
- Merchandise exports (current US$), per capita 284.71 current US$ per person (2025)
Frequently asked questions
- What is insurance and financial services in IDA total?
- Insurance and financial services in IDA total was 9.3% 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 IDA total?
- The highest recorded value was 9.9% in 2024.
- What is the lowest insurance and financial services recorded in IDA total?
- The lowest recorded value was 1.2% in 1995.
- How does IDA total rank for insurance and financial services?
- IDA total ranks 13th out of 45 groups with data for 2025.
- Is insurance and financial services rising or falling in IDA total?
- Over the last ten years it is up 70.0%. The long-run trend across the full record is volatile.
- Where does this IDA total 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.