Insurance and financial services (% of commercial service exports) in Iran
Iran: Insurance and financial services (% of commercial service exports) was 10.7% in 2000. ◆ Volatile
Insurance and financial services in Iran, 1983–2000
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 Iran is 10.7%, measured in 2000.
The figure is down 1.5% on the previous year and up 66.6% over ten years.
Over the whole period, insurance and financial services in Iran peaked at 41.1% in 1989 and was at its lowest, 4.9%, in 1998.
That places Iran 32nd out of 190 countries with data for 2000, putting it in the top quarter.
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 Iran, year by year
| Year | % of commercial service exports | Change |
|---|---|---|
| 1983 | 15.3% | — |
| 1984 | 19.6% | +28.5% |
| 1985 | 26.4% | +34.6% |
| 1986 | 17.1% | -35.5% |
| 1987 | 26.1% | +52.9% |
| 1988 | 34.4% | +32.2% |
| 1989 | 41.1% | +19.4% |
| 1990 | 6.4% | -84.4% |
| 1991 | 33.3% | +418.6% |
| 1992 | 11.6% | -65.1% |
| 1993 | 5.3% | -53.9% |
| 1994 | 12.0% | +123.7% |
| 1995 | 8.8% | -26.2% |
| 1996 | 13.3% | +51.1% |
| 1997 | 7.1% | -46.9% |
| 1998 | 4.9% | -31.4% |
| 1999 | 10.8% | +123.5% |
| 2000 | 10.7% | -1.5% |
Iran compared with similar countries
- Iran's 10.7% is above the median for upper middle income countries, which is 1.9%, 5.6× the median. (53 countries reporting)
- Iran's 10.7% is above the median for Middle East, North Africa, Afghanistan & Pakistan, which is 2.6%, 4.2× the median. (20 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 25.7% | 15.3% | 41.1% | 7 |
| 1990s | 11.3% | 4.9% | 33.3% | 10 |
| 2000s | 10.7% | 10.7% | 10.7% | 1 |
Countries ranked near Iran
More private sector data for Iran
- Merchandise trade 49.3% (2025)
- Food imports 26.1% (2023)
- Manufactures imports 57.5% (2023)
- Merchandise imports 65.63 billion current US$ (2025)
- Commercial service imports 1.58 billion current US$ (2000)
- Food exports 5.6% (2023)
- Manufactures exports 21.4% (2023)
- Merchandise exports 113.22 billion current US$ (2025)
- Commercial service exports 1.36 billion current US$ (2000)
- Merchandise exports (current US$), per capita 1,225 current US$ per person (2025)
Frequently asked questions
- What is insurance and financial services in Iran?
- Insurance and financial services in Iran was 10.7% in 2000, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest insurance and financial services recorded in Iran?
- The highest recorded value was 41.1% in 1989.
- What is the lowest insurance and financial services recorded in Iran?
- The lowest recorded value was 4.9% in 1998.
- How does Iran rank for insurance and financial services?
- Iran ranks 32nd out of 190 countries with data for 2000.
- Is insurance and financial services rising or falling in Iran?
- Over the last ten years it is up 66.6%. The long-run trend across the full record is volatile.
- Where does this Iran 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.