Insurance and financial services in Latin America & Caribbean (excluding high income)
Latin America & Caribbean (excluding high income): Insurance and financial services was 6.7% in 2025. ▲ Rising
Insurance and financial services in Latin America & Caribbean (excluding high income), 1979–2025
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 Latin America & Caribbean (excluding high income) is 6.7%, measured in 2025.
That represents a change of down 3.0% on the previous year and down 1.0% over ten years.
Over the whole period, insurance and financial services in Latin America & Caribbean (excluding high income) peaked at 9.6% in 2000 and was at its lowest, 3.8%, in 1994.
That places Latin America & Caribbean (excluding high income) 20th out of 45 groups with data for 2025, putting it in the middle of the range.
The long-run direction has been consistently rising across the 47 years of available data.
Insurance and financial services in Latin America & Caribbean (excluding high income), year by year
| Year | % of commercial service exports | Change |
|---|---|---|
| 1979 | 6.3% | — |
| 1980 | 8.2% | +29.8% |
| 1981 | 8.4% | +1.9% |
| 1982 | 7.9% | -6.1% |
| 1983 | 6.1% | -21.9% |
| 1984 | 5.2% | -14.6% |
| 1985 | 7.2% | +36.9% |
| 1986 | 5.3% | -26.7% |
| 1987 | 4.9% | -7.6% |
| 1988 | 7.9% | +62.5% |
| 1989 | 4.6% | -41.9% |
| 1990 | 4.0% | -12.1% |
| 1991 | 4.0% | -0.5% |
| 1992 | 4.5% | +11.8% |
| 1993 | 5.9% | +32.5% |
| 1994 | 3.8% | -35.3% |
| 1995 | 7.2% | +86.8% |
| 1996 | 5.3% | -26.3% |
| 1997 | 4.9% | -6.6% |
| 1998 | 7.8% | +58.6% |
| 1999 | 7.6% | -3.1% |
| 2000 | 9.6% | +26.6% |
| 2001 | 7.7% | -19.7% |
| 2002 | 7.3% | -6.1% |
| 2003 | 6.2% | -13.9% |
| 2004 | 4.9% | -20.9% |
| 2005 | 6.3% | +28.0% |
| 2006 | 6.1% | -3.4% |
| 2007 | 8.1% | +33.2% |
| 2008 | 7.6% | -6.6% |
| 2009 | 7.4% | -2.5% |
| 2010 | 7.4% | -0.5% |
| 2011 | 8.3% | +12.4% |
| 2012 | 7.2% | -13.5% |
| 2013 | 8.2% | +14.9% |
| 2014 | 7.5% | -9.1% |
| 2015 | 6.7% | -10.1% |
| 2016 | 5.5% | -18.4% |
| 2017 | 6.8% | +24.0% |
| 2018 | 6.1% | -11.2% |
| 2019 | 6.1% | -0.1% |
| 2020 | 8.5% | +41.2% |
| 2021 | 7.2% | -15.3% |
| 2022 | 6.3% | -13.4% |
| 2023 | 6.3% | +1.2% |
| 2024 | 6.9% | +8.3% |
| 2025 | 6.7% | -3.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 6.3% | 6.3% | 6.3% | 1 |
| 1980s | 6.6% | 4.6% | 8.4% | 10 |
| 1990s | 5.5% | 3.8% | 7.8% | 10 |
| 2000s | 7.1% | 4.9% | 9.6% | 10 |
| 2010s | 7.0% | 5.5% | 8.3% | 10 |
| 2020s | 7.0% | 6.3% | 8.5% | 6 |
Countries ranked near Latin America & Caribbean (excluding high income)
More private sector data for Latin America & Caribbean (excluding high income)
- Merchandise trade 43.4% (2025)
- Food imports 8.3% (2024)
- Manufactures imports 74.3% (2024)
- Merchandise imports 1.40 trillion current US$ (2025)
- Food exports 19.4% (2025)
- Manufactures exports 61.3% (2025)
- Merchandise exports 1.37 trillion current US$ (2025)
- Merchandise exports (current US$), per capita 2,178 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.2093 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate 6.06 % change on previous year (2025)
All data for Latin America & Caribbean (excluding high income) →
Frequently asked questions
- What is insurance and financial services in Latin America & Caribbean (excluding high income)?
- Insurance and financial services in Latin America & Caribbean (excluding high income) was 6.7% 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 Latin America & Caribbean (excluding high income)?
- The highest recorded value was 9.6% in 2000.
- What is the lowest insurance and financial services recorded in Latin America & Caribbean (excluding high income)?
- The lowest recorded value was 3.8% in 1994.
- How does Latin America & Caribbean (excluding high income) rank for insurance and financial services?
- Latin America & Caribbean (excluding high income) ranks 20th out of 45 groups with data for 2025.
- Is insurance and financial services rising or falling in Latin America & Caribbean (excluding high income)?
- Over the last ten years it is down 1.0%. The long-run trend across the full record is rising.
- Where does this Latin America & Caribbean (excluding high income) 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.