Insurance and financial services in Luxembourg
Luxembourg: Insurance and financial services was 60.1% in 2025. ▼ Falling
Insurance and financial services in Luxembourg, 1999–2025
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 Luxembourg stood at 60.1%.
Compared with earlier readings it is down 0.1% on the previous year and down 5.8% over ten years.
Over the whole period, insurance and financial services in Luxembourg peaked at 73.2% in 2007 and was at its lowest, 51.8%, in 2023.
Luxembourg ranks 3rd of 190 countries on this measure, in the top 10%.
The long-run direction has been consistently falling across the 27 years of available data.
Insurance and financial services in Luxembourg, year by year
| Year | % of commercial service exports | Change |
|---|---|---|
| 1999 | 66.8% | — |
| 2000 | 70.5% | +5.5% |
| 2001 | 68.1% | -3.4% |
| 2002 | 66.5% | -2.3% |
| 2003 | 64.1% | -3.7% |
| 2004 | 64.0% | -0.1% |
| 2005 | 67.2% | +5.0% |
| 2006 | 71.4% | +6.2% |
| 2007 | 73.2% | +2.5% |
| 2008 | 69.1% | -5.7% |
| 2009 | 66.6% | -3.6% |
| 2010 | 67.5% | +1.4% |
| 2011 | 65.8% | -2.5% |
| 2012 | 64.4% | -2.2% |
| 2013 | 63.9% | -0.8% |
| 2014 | 63.6% | -0.4% |
| 2015 | 63.8% | +0.4% |
| 2016 | 61.7% | -3.3% |
| 2017 | 62.3% | +1.0% |
| 2018 | 61.0% | -2.2% |
| 2019 | 58.7% | -3.8% |
| 2020 | 56.6% | -3.5% |
| 2021 | 56.1% | -1.0% |
| 2022 | 53.1% | -5.3% |
| 2023 | 51.8% | -2.5% |
| 2024 | 60.2% | +16.2% |
| 2025 | 60.1% | -0.1% |
Luxembourg compared with similar countries
- Luxembourg's 60.1% is above the median for high income countries, which is 5.3%, 11.4× the median. (69 countries reporting)
- Luxembourg's 60.1% is above the median for Europe & Central Asia, which is 3.6%, 16.8× the median. (51 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 66.8% | 66.8% | 66.8% | 1 |
| 2000s | 68.1% | 64.0% | 73.2% | 10 |
| 2010s | 63.3% | 58.7% | 67.5% | 10 |
| 2020s | 56.3% | 51.8% | 60.2% | 6 |
Countries ranked near Luxembourg
- 1 Libya 96.1% compare
- 2 Liberia 71.7% compare
- 4 Cayman Islands 55.2% compare
- 5 Sierra Leone 32.7% compare
- 6 Bahrain 31.3% compare
More private sector data for Luxembourg
- Merchandise trade 46.0% (2025)
- Food imports 14.8% (2024)
- Manufactures imports 65.2% (2024)
- Merchandise imports 28.17 billion current US$ (2025)
- Food exports 11.8% (2024)
- Manufactures exports 80.4% (2024)
- Merchandise exports 18.39 billion current US$ (2025)
- Merchandise exports (current US$), per capita 26,770 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.1818 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate 13.54 % change on previous year (2025)
Frequently asked questions
- What is insurance and financial services in Luxembourg?
- Insurance and financial services in Luxembourg was 60.1% 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 Luxembourg?
- The highest recorded value was 73.2% in 2007.
- What is the lowest insurance and financial services recorded in Luxembourg?
- The lowest recorded value was 51.8% in 2023.
- How does Luxembourg rank for insurance and financial services?
- Luxembourg ranks 3rd out of 190 countries with data for 2025.
- Is insurance and financial services rising or falling in Luxembourg?
- Over the last ten years it is down 5.8%. The long-run trend across the full record is falling.
- Where does this Luxembourg 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 — 27 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.