Insurance and financial services in Low & middle income
Low & middle income: Insurance and financial services was 3.2% in 2025. ▼ Falling
Insurance and financial services in Low & middle income, 1982–2025
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of commercial service exports.
Analysis
Low & middle income recorded 3.2% for insurance and financial services in 2025.
That represents a change of down 9.1% on the previous year and down 22.6% over ten years.
Over the whole period, insurance and financial services in Low & middle income peaked at 7.4% in 1995 and was at its lowest, 1.8%, in 1997.
Low & middle income ranks 34th of 45 groups on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 44 years of available data.
Insurance and financial services in Low & middle income, year by year
| Year | % of commercial service exports | Change |
|---|---|---|
| 1982 | 6.5% | — |
| 1983 | 6.2% | -4.8% |
| 1984 | 6.0% | -2.0% |
| 1985 | 6.0% | -1.5% |
| 1986 | 5.2% | -12.1% |
| 1987 | 5.1% | -3.1% |
| 1988 | 6.5% | +27.3% |
| 1989 | 6.0% | -7.0% |
| 1990 | 3.5% | -41.6% |
| 1991 | 4.4% | +26.8% |
| 1992 | 4.3% | -2.5% |
| 1993 | 3.8% | -12.0% |
| 1994 | 6.7% | +76.3% |
| 1995 | 7.4% | +10.3% |
| 1996 | 2.2% | -70.0% |
| 1997 | 1.8% | -18.8% |
| 1998 | 2.5% | +37.4% |
| 1999 | 2.5% | -0.9% |
| 2000 | 2.9% | +15.6% |
| 2001 | 2.5% | -11.1% |
| 2002 | 2.1% | -15.7% |
| 2003 | 2.3% | +7.5% |
| 2004 | 2.0% | -12.8% |
| 2005 | 2.6% | +30.7% |
| 2006 | 2.4% | -7.8% |
| 2007 | 2.9% | +19.6% |
| 2008 | 2.9% | -0.0% |
| 2009 | 3.0% | +5.5% |
| 2010 | 3.3% | +7.0% |
| 2011 | 3.5% | +7.5% |
| 2012 | 3.6% | +3.6% |
| 2013 | 4.1% | +13.7% |
| 2014 | 4.4% | +6.5% |
| 2015 | 4.1% | -6.3% |
| 2016 | 3.8% | -6.7% |
| 2017 | 4.1% | +5.3% |
| 2018 | 4.0% | -1.3% |
| 2019 | 4.0% | +0.9% |
| 2020 | 5.0% | +23.0% |
| 2021 | 4.8% | -4.1% |
| 2022 | 4.1% | -14.2% |
| 2023 | 4.1% | +0.8% |
| 2024 | 3.5% | -14.7% |
| 2025 | 3.2% | -9.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 5.9% | 5.1% | 6.5% | 8 |
| 1990s | 3.9% | 1.8% | 7.4% | 10 |
| 2000s | 2.6% | 2.0% | 3.0% | 10 |
| 2010s | 3.9% | 3.3% | 4.4% | 10 |
| 2020s | 4.1% | 3.2% | 5.0% | 6 |
Countries ranked near Low & middle income
- 31 Algeria 10.8% compare
- 32 Iran, Islamic Republic of 10.7% compare
- 33 Guyana 10.5% compare
- 34 Tajikistan 10.5% compare
- 35 Niger 10.4% compare
- 36 Panama 9.9% compare
- 37 South Africa 9.8% compare
More private sector data for Low & middle income
- Merchandise trade 41.5% (2025)
- Food imports 8.8% (2024)
- Manufactures imports 58.0% (2024)
- Merchandise imports 8.33 trillion current US$ (2025)
- Food exports 10.2% (2024)
- Manufactures exports 72.6% (2024)
- Merchandise exports 8.84 trillion current US$ (2025)
- Merchandise exports (current US$), per capita 1,301 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.213 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate 6.48 % change on previous year (2025)
Frequently asked questions
- What is insurance and financial services in Low & middle income?
- Insurance and financial services in Low & middle income was 3.2% 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 Low & middle income?
- The highest recorded value was 7.4% in 1995.
- What is the lowest insurance and financial services recorded in Low & middle income?
- The lowest recorded value was 1.8% in 1997.
- How does Low & middle income rank for insurance and financial services?
- Low & middle income ranks 34th out of 45 groups with data for 2025.
- Is insurance and financial services rising or falling in Low & middle income?
- Over the last ten years it is down 22.6%. The long-run trend across the full record is falling.
- Where does this Low & middle 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.