Insurance and financial services in Italy
Italy: Insurance and financial services was 8.6% in 2025. ▼ Falling
Insurance and financial services in Italy, 1970–2025
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of commercial service exports.
Analysis
In 2025, insurance and financial services in Italy stood at 8.6%.
Compared with earlier readings it is down 2.6% on the previous year and up 31.4% over ten years.
Over the whole period, insurance and financial services in Italy peaked at 10.7% in 2020 and was at its lowest, 3.6%, in 1999.
That places Italy 46th out of 190 countries with data for 2025, putting it in the top quarter.
The long-run direction has been consistently falling across the 56 years of available data.
Insurance and financial services in Italy, year by year
| Year | % of commercial service exports | Change |
|---|---|---|
| 1970 | 9.2% | — |
| 1971 | 9.0% | -1.4% |
| 1972 | 9.1% | +1.1% |
| 1973 | 9.8% | +7.5% |
| 1974 | 10.1% | +2.6% |
| 1975 | 9.5% | -5.3% |
| 1976 | 9.2% | -4.0% |
| 1977 | 7.4% | -19.0% |
| 1978 | 7.6% | +3.0% |
| 1979 | 7.2% | -6.0% |
| 1980 | 7.1% | -0.7% |
| 1981 | 7.9% | +10.6% |
| 1982 | 7.6% | -4.1% |
| 1983 | 7.0% | -7.1% |
| 1984 | 7.8% | +10.8% |
| 1985 | 8.4% | +8.3% |
| 1986 | 7.8% | -8.1% |
| 1987 | 8.1% | +4.2% |
| 1988 | 7.5% | -7.0% |
| 1989 | 8.9% | +18.3% |
| 1990 | 6.0% | -33.0% |
| 1991 | 6.5% | +9.6% |
| 1992 | 7.8% | +19.4% |
| 1993 | 8.9% | +13.6% |
| 1994 | 7.7% | -13.6% |
| 1995 | 7.1% | -7.0% |
| 1996 | 8.5% | +20.0% |
| 1997 | 9.4% | +9.8% |
| 1998 | 5.7% | -39.6% |
| 1999 | 3.6% | -35.7% |
| 2000 | 4.5% | +23.7% |
| 2001 | 6.4% | +42.5% |
| 2002 | 7.0% | +9.0% |
| 2003 | 5.5% | -21.9% |
| 2004 | 5.7% | +4.3% |
| 2005 | 6.1% | +6.8% |
| 2006 | 6.7% | +10.1% |
| 2007 | 7.0% | +4.9% |
| 2008 | 4.4% | -36.8% |
| 2009 | 5.6% | +25.7% |
| 2010 | 5.7% | +2.3% |
| 2011 | 7.2% | +26.0% |
| 2012 | 8.4% | +17.2% |
| 2013 | 6.8% | -19.8% |
| 2014 | 6.8% | +0.4% |
| 2015 | 6.5% | -4.0% |
| 2016 | 7.4% | +14.0% |
| 2017 | 6.9% | -6.7% |
| 2018 | 7.5% | +8.7% |
| 2019 | 6.9% | -8.7% |
| 2020 | 10.7% | +55.8% |
| 2021 | 8.9% | -17.0% |
| 2022 | 6.9% | -22.9% |
| 2023 | 7.6% | +10.1% |
| 2024 | 8.8% | +16.4% |
| 2025 | 8.6% | -2.6% |
Italy compared with similar countries
- Italy's 8.6% is above the median for high income countries, which is 5.3%, 1.6× the median. (69 countries reporting)
- Italy's 8.6% is above the median for Europe & Central Asia, which is 3.6%, 2.4× the median. (51 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 8.8% | 7.2% | 10.1% | 10 |
| 1980s | 7.8% | 7.0% | 8.9% | 10 |
| 1990s | 7.1% | 3.6% | 9.4% | 10 |
| 2000s | 5.9% | 4.4% | 7.0% | 10 |
| 2010s | 7.0% | 5.7% | 8.4% | 10 |
| 2020s | 8.6% | 6.9% | 10.7% | 6 |
Countries ranked near Italy
More private sector data for Italy
- Merchandise trade 54.7% (2025)
- Food imports 11.2% (2024)
- Manufactures imports 66.1% (2024)
- Merchandise imports 668.67 billion current US$ (2025)
- Food exports 11.2% (2024)
- Manufactures exports 79.2% (2024)
- Merchandise exports 726.50 billion current US$ (2025)
- Merchandise exports (current US$), per capita 12,331 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.2847 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate 7.87 % change on previous year (2025)
Frequently asked questions
- What is insurance and financial services in Italy?
- Insurance and financial services in Italy was 8.6% 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 Italy?
- The highest recorded value was 10.7% in 2020.
- What is the lowest insurance and financial services recorded in Italy?
- The lowest recorded value was 3.6% in 1999.
- How does Italy rank for insurance and financial services?
- Italy ranks 46th out of 190 countries with data for 2025.
- Is insurance and financial services rising or falling in Italy?
- Over the last ten years it is up 31.4%. The long-run trend across the full record is falling.
- Where does this Italy 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 — 56 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.