Insurance and financial services (% of commercial service exports) in Middle income
Middle income: Insurance and financial services (% of commercial service exports) was 3.2% in 2025. ▼ Falling
Insurance and financial services in Middle income, 1982–2025
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 Middle income stood at 3.2%.
Compared with earlier readings it is down 7.8% on the previous year and down 21.5% over ten years.
Over the whole period, insurance and financial services in Middle income peaked at 7.4% in 1995 and was at its lowest, 1.8%, in 1997.
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 (% of commercial service exports) in Middle income, year by year
| Year | % of commercial service exports | Change |
|---|---|---|
| 1982 | 6.5% | — |
| 1983 | 6.2% | -4.8% |
| 1984 | 6.1% | -1.9% |
| 1985 | 6.0% | -1.5% |
| 1986 | 5.2% | -12.2% |
| 1987 | 5.1% | -3.1% |
| 1988 | 6.5% | +27.2% |
| 1989 | 6.0% | -6.9% |
| 1990 | 3.5% | -41.6% |
| 1991 | 4.5% | +26.7% |
| 1992 | 4.3% | -2.5% |
| 1993 | 3.8% | -12.1% |
| 1994 | 6.7% | +76.9% |
| 1995 | 7.4% | +10.3% |
| 1996 | 2.2% | -70.1% |
| 1997 | 1.8% | -18.8% |
| 1998 | 2.5% | +37.6% |
| 1999 | 2.5% | -0.8% |
| 2000 | 2.9% | +15.6% |
| 2001 | 2.5% | -11.2% |
| 2002 | 2.1% | -15.6% |
| 2003 | 2.3% | +7.5% |
| 2004 | 2.0% | -12.8% |
| 2005 | 2.6% | +29.5% |
| 2006 | 2.4% | -7.8% |
| 2007 | 2.9% | +19.8% |
| 2008 | 2.9% | +0.0% |
| 2009 | 3.0% | +5.9% |
| 2010 | 3.2% | +6.8% |
| 2011 | 3.5% | +7.7% |
| 2012 | 3.6% | +3.8% |
| 2013 | 4.1% | +14.3% |
| 2014 | 4.4% | +5.5% |
| 2015 | 4.1% | -6.4% |
| 2016 | 3.8% | -6.6% |
| 2017 | 4.0% | +5.1% |
| 2018 | 4.0% | -0.8% |
| 2019 | 4.0% | +0.9% |
| 2020 | 4.9% | +22.7% |
| 2021 | 4.7% | -3.9% |
| 2022 | 4.1% | -14.3% |
| 2023 | 4.1% | +0.5% |
| 2024 | 3.5% | -14.6% |
| 2025 | 3.2% | -7.8% |
Biggest year-on-year movements
Years where Insurance and financial services (% of commercial service exports) in Middle income changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1994 | +76.9% | 3.8% | 6.7% |
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% | 3.2% | 4.4% | 10 |
| 2020s | 4.1% | 3.2% | 4.9% | 6 |
Countries ranked near Middle income
More private sector data for Middle income
- Merchandise trade 41.5% (2025)
- Food imports 8.3% (2025)
- Manufactures imports 59.9% (2025)
- Merchandise imports 8.18 trillion current US$ (2025)
- Commercial service imports 1.87 trillion current US$ (2025)
- Food exports 9.5% (2025)
- Manufactures exports 74.3% (2025)
- Merchandise exports 8.73 trillion current US$ (2025)
- Commercial service exports 1.78 trillion current US$ (2025)
- Merchandise exports (current US$), per capita 1,449 current US$ per person (2025)
Frequently asked questions
- What is insurance and financial services in Middle income?
- Insurance and financial services in 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 Middle income?
- The highest recorded value was 7.4% in 1995.
- What is the lowest insurance and financial services recorded in Middle income?
- The lowest recorded value was 1.8% in 1997.
- How does Middle income rank for insurance and financial services?
- Middle income ranks 34th out of 45 groups with data for 2025.
- Is insurance and financial services rising or falling in Middle income?
- Over the last ten years it is down 21.5%. The long-run trend across the full record is falling.
- Where does this 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.
Download this data
CSV · JSON — 44 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.