Insurance and financial services in Indonesia
Indonesia: Insurance and financial services was 4.0% in 2025. ◆ Volatile
Insurance and financial services in Indonesia, 2002–2025
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 Indonesia is 4.0%, measured in 2025.
Compared with earlier readings it is down 17.6% on the previous year and up 184.0% over ten years.
Over the whole period, insurance and financial services in Indonesia peaked at 8.1% in 2021 and was at its lowest, 0.0%, in 2002.
That places Indonesia 78th out of 190 countries 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 in Indonesia, year by year
| Year | % of commercial service exports | Change |
|---|---|---|
| 2002 | 0.0% | — |
| 2003 | 0.1% | +39.6% |
| 2004 | 2.4% | +4529.4% |
| 2005 | 3.0% | +23.4% |
| 2006 | 2.5% | -18.5% |
| 2007 | 2.9% | +18.6% |
| 2008 | 2.4% | -16.7% |
| 2009 | 1.7% | -29.1% |
| 2010 | 2.5% | +47.4% |
| 2011 | 2.2% | -12.5% |
| 2012 | 1.1% | -51.4% |
| 2013 | 1.2% | +15.5% |
| 2014 | 1.1% | -13.2% |
| 2015 | 1.4% | +29.0% |
| 2016 | 1.8% | +31.4% |
| 2017 | 2.9% | +59.4% |
| 2018 | 2.7% | -8.1% |
| 2019 | 2.0% | -24.6% |
| 2020 | 5.6% | +177.3% |
| 2021 | 8.1% | +43.2% |
| 2022 | 4.9% | -38.8% |
| 2023 | 6.6% | +33.9% |
| 2024 | 4.8% | -27.0% |
| 2025 | 4.0% | -17.6% |
Indonesia compared with similar countries
- Indonesia's 4.0% is above the median for upper middle income countries, which is 1.9%, 2.1× the median. (53 countries reporting)
- Indonesia's 4.0% is above the median for East Asia & Pacific, which is 1.4%, 2.8× the median. (29 countries reporting)
Biggest year-on-year movements
Years where Insurance and financial services in Indonesia 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 |
|---|---|---|---|
| 2004 | +4529.4% | 0.1% | 2.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 1.9% | 0.0% | 3.0% | 8 |
| 2010s | 1.9% | 1.1% | 2.9% | 10 |
| 2020s | 5.7% | 4.0% | 8.1% | 6 |
Countries ranked near Indonesia
More private sector data for Indonesia
- Merchandise trade 36.3% (2025)
- Food imports 10.2% (2025)
- Manufactures imports 65.4% (2025)
- Merchandise imports 241.86 billion current US$ (2025)
- Food exports 22.9% (2025)
- Manufactures exports 47.4% (2025)
- Merchandise exports 282.91 billion current US$ (2025)
- Merchandise exports (current US$), per capita 990.16 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.1957 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate 6.88 % change on previous year (2025)
Frequently asked questions
- What is insurance and financial services in Indonesia?
- Insurance and financial services in Indonesia was 4.0% 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 Indonesia?
- The highest recorded value was 8.1% in 2021.
- What is the lowest insurance and financial services recorded in Indonesia?
- The lowest recorded value was 0.0% in 2002.
- How does Indonesia rank for insurance and financial services?
- Indonesia ranks 78th out of 190 countries with data for 2025.
- Is insurance and financial services rising or falling in Indonesia?
- Over the last ten years it is up 184.0%. The long-run trend across the full record is volatile.
- Where does this Indonesia 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
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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.