Insurance and financial services in OECD members
OECD members: Insurance and financial services was 11.9% in 2025. ▲ Rising
Insurance and financial services in OECD members, 1977–2025
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of commercial service exports.
Analysis
OECD members recorded 11.9% for insurance and financial services in 2025.
The figure is up 7.2% on the previous year and up 14.3% over ten years.
Over the whole period, insurance and financial services in OECD members peaked at 12.4% in 2020 and was at its lowest, 2.5%, in 1978.
OECD members ranks 5th of 45 groups on this measure, in the top 10%.
The long-run direction has been consistently rising across the 49 years of available data.
Insurance and financial services in OECD members, year by year
| Year | % of commercial service exports | Change |
|---|---|---|
| 1977 | 2.5% | — |
| 1978 | 2.5% | -0.5% |
| 1979 | 3.5% | +38.2% |
| 1980 | 3.2% | -7.3% |
| 1981 | 3.9% | +21.1% |
| 1982 | 4.0% | +2.2% |
| 1983 | 4.5% | +12.1% |
| 1984 | 4.3% | -3.4% |
| 1985 | 4.7% | +8.5% |
| 1986 | 6.2% | +32.3% |
| 1987 | 6.0% | -2.7% |
| 1988 | 5.8% | -3.8% |
| 1989 | 5.7% | -1.5% |
| 1990 | 5.4% | -5.4% |
| 1991 | 6.5% | +19.3% |
| 1992 | 7.2% | +12.2% |
| 1993 | 7.1% | -1.8% |
| 1994 | 5.8% | -18.9% |
| 1995 | 6.0% | +4.9% |
| 1996 | 6.3% | +3.9% |
| 1997 | 6.4% | +1.0% |
| 1998 | 6.5% | +2.0% |
| 1999 | 9.0% | +38.5% |
| 2000 | 9.1% | +1.5% |
| 2001 | 8.5% | -6.8% |
| 2002 | 9.3% | +10.0% |
| 2003 | 9.3% | -0.4% |
| 2004 | 10.2% | +9.4% |
| 2005 | 10.4% | +1.9% |
| 2006 | 11.2% | +7.7% |
| 2007 | 11.8% | +5.5% |
| 2008 | 11.3% | -4.1% |
| 2009 | 11.7% | +3.4% |
| 2010 | 11.3% | -3.6% |
| 2011 | 11.5% | +1.9% |
| 2012 | 11.3% | -1.8% |
| 2013 | 10.9% | -3.2% |
| 2014 | 10.6% | -2.6% |
| 2015 | 10.4% | -2.0% |
| 2016 | 10.4% | -0.2% |
| 2017 | 10.2% | -1.3% |
| 2018 | 10.1% | -1.5% |
| 2019 | 9.9% | -1.6% |
| 2020 | 12.4% | +25.2% |
| 2021 | 12.2% | -2.1% |
| 2022 | 10.7% | -12.2% |
| 2023 | 11.1% | +3.8% |
| 2024 | 11.1% | +0.1% |
| 2025 | 11.9% | +7.2% |
Biggest year-on-year movements
Years where Insurance and financial services in OECD members 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 |
|---|---|---|---|
| 1999 | +38.5% | 6.5% | 9.0% |
| 1979 | +38.2% | 2.5% | 3.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 2.8% | 2.5% | 3.5% | 3 |
| 1980s | 4.8% | 3.2% | 6.2% | 10 |
| 1990s | 6.6% | 5.4% | 9.0% | 10 |
| 2000s | 10.3% | 8.5% | 11.8% | 10 |
| 2010s | 10.7% | 9.9% | 11.5% | 10 |
| 2020s | 11.5% | 10.7% | 12.4% | 6 |
Countries ranked near OECD members
- 2 Liberia 71.7% compare
- 3 Luxembourg 60.1% compare
- 4 Cayman Islands 55.2% compare
- 5 Sierra Leone 32.7% compare
- 6 Bahrain 31.3% compare
- 7 Hong Kong, China 26.9% compare
- 8 Nigeria 25.3% compare
More private sector data for OECD members
- Merchandise trade 41.9% (2025)
- Food imports 9.1% (2024)
- Manufactures imports 70.6% (2024)
- Merchandise imports 15.86 trillion current US$ (2025)
- Food exports 9.5% (2024)
- Manufactures exports 69.2% (2024)
- Merchandise exports 14.51 trillion current US$ (2025)
- Merchandise exports (current US$), per capita 10,347 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.2 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate 6.28 % change on previous year (2025)
Frequently asked questions
- What is insurance and financial services in OECD members?
- Insurance and financial services in OECD members was 11.9% 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 OECD members?
- The highest recorded value was 12.4% in 2020.
- What is the lowest insurance and financial services recorded in OECD members?
- The lowest recorded value was 2.5% in 1978.
- How does OECD members rank for insurance and financial services?
- OECD members ranks 5th out of 45 groups with data for 2025.
- Is insurance and financial services rising or falling in OECD members?
- Over the last ten years it is up 14.3%. The long-run trend across the full record is rising.
- Where does this OECD members 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 — 49 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.