Insurance and financial services in Lower middle income
Lower middle income: Insurance and financial services was 4.9% in 2025. ▲ Rising
Insurance and financial services in Lower middle income, 1977–2025
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 Lower middle income is 4.9%, measured in 2025.
Compared with earlier readings it is down 12.8% on the previous year and up 13.2% over ten years.
Over the whole period, insurance and financial services in Lower middle income peaked at 5.8% in 2023 and was at its lowest, 2.2%, in 1983.
That places Lower middle income 25th 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 49 years of available data.
Insurance and financial services in Lower middle income, year by year
| Year | % of commercial service exports | Change |
|---|---|---|
| 1977 | 3.0% | — |
| 1978 | 3.4% | +12.1% |
| 1979 | 4.0% | +16.6% |
| 1980 | 3.3% | -17.0% |
| 1981 | 2.8% | -14.2% |
| 1982 | 3.1% | +9.7% |
| 1983 | 2.2% | -28.5% |
| 1984 | 2.5% | +13.3% |
| 1985 | 3.0% | +20.2% |
| 1986 | 2.6% | -14.3% |
| 1987 | 3.2% | +23.2% |
| 1988 | 3.0% | -5.8% |
| 1989 | 2.9% | -2.5% |
| 1990 | 2.3% | -22.0% |
| 1991 | 2.6% | +12.4% |
| 1992 | 2.9% | +11.2% |
| 1993 | 2.6% | -8.3% |
| 1994 | 2.4% | -9.9% |
| 1995 | 2.3% | -4.2% |
| 1996 | 2.9% | +28.6% |
| 1997 | 2.6% | -9.2% |
| 1998 | 2.4% | -10.7% |
| 1999 | 2.7% | +13.1% |
| 2000 | 3.3% | +24.5% |
| 2001 | 3.4% | +2.5% |
| 2002 | 3.4% | -0.7% |
| 2003 | 2.9% | -15.1% |
| 2004 | 2.9% | +2.5% |
| 2005 | 3.6% | +23.0% |
| 2006 | 3.9% | +6.6% |
| 2007 | 4.1% | +7.2% |
| 2008 | 4.1% | -0.3% |
| 2009 | 4.2% | +1.2% |
| 2010 | 4.4% | +5.0% |
| 2011 | 4.4% | +1.7% |
| 2012 | 4.2% | -6.2% |
| 2013 | 4.1% | -1.8% |
| 2014 | 3.9% | -5.8% |
| 2015 | 4.4% | +12.9% |
| 2016 | 4.2% | -2.4% |
| 2017 | 4.2% | -1.7% |
| 2018 | 4.9% | +17.7% |
| 2019 | 4.8% | -3.1% |
| 2020 | 5.6% | +17.8% |
| 2021 | 5.4% | -4.2% |
| 2022 | 5.1% | -5.1% |
| 2023 | 5.8% | +14.7% |
| 2024 | 5.6% | -3.5% |
| 2025 | 4.9% | -12.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 3.5% | 3.0% | 4.0% | 3 |
| 1980s | 2.9% | 2.2% | 3.3% | 10 |
| 1990s | 2.5% | 2.3% | 2.9% | 10 |
| 2000s | 3.6% | 2.9% | 4.2% | 10 |
| 2010s | 4.3% | 3.9% | 4.9% | 10 |
| 2020s | 5.4% | 4.9% | 5.8% | 6 |
Countries ranked near Lower middle income
More private sector data for Lower middle income
- Merchandise trade 35.7% (2025)
- Food imports 9.8% (2024)
- Manufactures imports 51.4% (2024)
- Merchandise imports 1.56 trillion current US$ (2025)
- Food exports 14.8% (2024)
- Manufactures exports 50.0% (2024)
- Merchandise exports 1.06 trillion current US$ (2025)
- Merchandise exports (current US$), per capita 358.3 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.1444 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate 5.93 % change on previous year (2025)
Frequently asked questions
- What is insurance and financial services in Lower middle income?
- Insurance and financial services in Lower middle income was 4.9% 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 Lower middle income?
- The highest recorded value was 5.8% in 2023.
- What is the lowest insurance and financial services recorded in Lower middle income?
- The lowest recorded value was 2.2% in 1983.
- How does Lower middle income rank for insurance and financial services?
- Lower middle income ranks 25th out of 45 groups with data for 2025.
- Is insurance and financial services rising or falling in Lower middle income?
- Over the last ten years it is up 13.2%. The long-run trend across the full record is rising.
- Where does this Lower 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.