Insurance and financial services (% of commercial service exports) in North America
North America: Insurance and financial services (% of commercial service exports) was 18.2% in 2025. ◆ Volatile
Insurance and financial services in North America, 1970–2025
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 North America is 18.2%, measured in 2025.
That represents a change of up 1.9% on the previous year and up 12.0% over ten years.
Over the whole period, insurance and financial services in North America peaked at 21.6% in 2021 and was at its lowest, 0.8%, in 1977.
North America ranks 2nd of 45 groups on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Insurance and financial services (% of commercial service exports) in North America, year by year
| Year | % of commercial service exports | Change |
|---|---|---|
| 1970 | 0.8% | — |
| 1971 | 1.0% | +14.3% |
| 1972 | 1.4% | +44.7% |
| 1973 | 1.1% | -17.4% |
| 1974 | 0.9% | -17.0% |
| 1975 | 1.1% | +18.3% |
| 1976 | 0.9% | -17.1% |
| 1977 | 0.8% | -16.0% |
| 1978 | 0.9% | +10.3% |
| 1979 | 4.2% | +395.9% |
| 1980 | 4.0% | -6.0% |
| 1981 | 6.1% | +51.8% |
| 1982 | 6.5% | +7.8% |
| 1983 | 6.9% | +5.9% |
| 1984 | 6.4% | -7.9% |
| 1985 | 6.5% | +2.2% |
| 1986 | 7.1% | +8.8% |
| 1987 | 7.0% | -0.6% |
| 1988 | 5.6% | -21.0% |
| 1989 | 5.4% | -2.0% |
| 1990 | 4.7% | -13.7% |
| 1991 | 4.9% | +4.8% |
| 1992 | 4.6% | -6.4% |
| 1993 | 5.0% | +8.4% |
| 1994 | 5.0% | +1.1% |
| 1995 | 5.1% | +1.1% |
| 1996 | 5.2% | +2.0% |
| 1997 | 5.8% | +10.9% |
| 1998 | 6.3% | +9.0% |
| 1999 | 9.9% | +57.5% |
| 2000 | 10.3% | +4.0% |
| 2001 | 10.2% | -1.1% |
| 2002 | 11.1% | +8.6% |
| 2003 | 12.2% | +10.5% |
| 2004 | 13.2% | +7.8% |
| 2005 | 13.5% | +2.1% |
| 2006 | 14.6% | +8.5% |
| 2007 | 16.0% | +9.4% |
| 2008 | 15.9% | -0.6% |
| 2009 | 15.7% | -1.0% |
| 2010 | 16.3% | +3.6% |
| 2011 | 17.0% | +4.5% |
| 2012 | 16.6% | -2.3% |
| 2013 | 16.4% | -1.5% |
| 2014 | 16.9% | +2.9% |
| 2015 | 16.2% | -3.7% |
| 2016 | 16.1% | -0.8% |
| 2017 | 16.7% | +3.9% |
| 2018 | 16.6% | -0.8% |
| 2019 | 16.5% | -0.8% |
| 2020 | 21.3% | +29.6% |
| 2021 | 21.6% | +1.2% |
| 2022 | 18.4% | -15.0% |
| 2023 | 17.5% | -4.6% |
| 2024 | 17.8% | +1.8% |
| 2025 | 18.2% | +1.9% |
Biggest year-on-year movements
Years where Insurance and financial services (% of commercial service exports) in North America 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 |
|---|---|---|---|
| 1979 | +395.9% | 0.9% | 4.2% |
| 1999 | +57.5% | 6.3% | 9.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 1.3% | 0.8% | 4.2% | 10 |
| 1980s | 6.1% | 4.0% | 7.1% | 10 |
| 1990s | 5.7% | 4.6% | 9.9% | 10 |
| 2000s | 13.3% | 10.2% | 16.0% | 10 |
| 2010s | 16.5% | 16.1% | 17.0% | 10 |
| 2020s | 19.1% | 17.5% | 21.6% | 6 |
Countries ranked near North America
- 1 Libya 96.1% compare
- 2 Liberia 71.7% compare
- 3 Luxembourg 56.3% compare
- 4 Cayman Islands 55.2% compare
- 5 Sierra Leone 32.7% compare
More private sector data for North America
- Merchandise trade 20.6% (2025)
- Food imports 7.1% (2025)
- Manufactures imports 78.2% (2025)
- Merchandise imports 4.09 trillion current US$ (2025)
- Commercial service imports 1.05 trillion current US$ (2025)
- Food exports 10.0% (2025)
- Manufactures exports 51.8% (2025)
- Merchandise exports 2.74 trillion current US$ (2025)
- Commercial service exports 1.39 trillion current US$ (2025)
- Merchandise exports (current US$), per capita 7,145 current US$ per person (2025)
Frequently asked questions
- What is insurance and financial services in North America?
- Insurance and financial services in North America was 18.2% 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 North America?
- The highest recorded value was 21.6% in 2021.
- What is the lowest insurance and financial services recorded in North America?
- The lowest recorded value was 0.8% in 1977.
- How does North America rank for insurance and financial services?
- North America ranks 2nd out of 45 groups with data for 2025.
- Is insurance and financial services rising or falling in North America?
- Over the last ten years it is up 12.0%. The long-run trend across the full record is volatile.
- Where does this North America 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.