Insurance and financial services in Pakistan
Pakistan: Insurance and financial services was 2.1% in 2025. ◆ Volatile
Insurance and financial services in Pakistan, 1976–2025
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of commercial service exports.
Analysis
Pakistan recorded 2.1% for insurance and financial services in 2025.
The figure is down 0.4% on the previous year and down 56.2% over ten years.
Over the whole period, insurance and financial services in Pakistan peaked at 5.8% in 2009 and was at its lowest, 0.4%, in 1992.
That places Pakistan 108th out of 190 countries with data for 2025, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Insurance and financial services in Pakistan, year by year
| Year | % of commercial service exports | Change |
|---|---|---|
| 1976 | 1.0% | — |
| 1977 | 0.4% | -56.6% |
| 1978 | 0.9% | +102.8% |
| 1979 | 1.3% | +45.5% |
| 1980 | 2.0% | +62.8% |
| 1981 | 2.2% | +7.6% |
| 1982 | 1.3% | -42.2% |
| 1983 | 0.7% | -47.7% |
| 1984 | 0.6% | -10.3% |
| 1985 | 1.0% | +69.3% |
| 1986 | 0.6% | -43.1% |
| 1987 | 1.1% | +99.7% |
| 1988 | 0.6% | -47.5% |
| 1989 | 0.6% | +1.0% |
| 1990 | 1.4% | +127.7% |
| 1991 | 0.8% | -39.1% |
| 1992 | 0.4% | -49.7% |
| 1993 | 1.5% | +252.6% |
| 1994 | 1.4% | -5.0% |
| 1995 | 1.0% | -30.5% |
| 1996 | 2.6% | +158.7% |
| 1997 | 2.8% | +9.7% |
| 1998 | 1.4% | -48.9% |
| 1999 | 1.3% | -8.4% |
| 2000 | 1.2% | -8.0% |
| 2001 | 2.3% | +90.7% |
| 2002 | 2.4% | +4.8% |
| 2003 | 2.3% | -2.5% |
| 2004 | 3.4% | +46.3% |
| 2005 | 3.9% | +13.2% |
| 2006 | 3.8% | -2.6% |
| 2007 | 4.7% | +24.2% |
| 2008 | 5.1% | +7.9% |
| 2009 | 5.8% | +13.8% |
| 2010 | 3.2% | -44.6% |
| 2011 | 4.5% | +40.7% |
| 2012 | 3.0% | -33.6% |
| 2013 | 4.3% | +43.3% |
| 2014 | 5.5% | +27.9% |
| 2015 | 4.7% | -14.7% |
| 2016 | 4.7% | +1.4% |
| 2017 | 4.4% | -6.4% |
| 2018 | 4.0% | -10.9% |
| 2019 | 4.4% | +10.6% |
| 2020 | 3.6% | -17.8% |
| 2021 | 3.6% | +0.2% |
| 2022 | 4.8% | +31.6% |
| 2023 | 3.1% | -35.0% |
| 2024 | 2.1% | -33.4% |
| 2025 | 2.1% | -0.4% |
Pakistan compared with similar countries
- Pakistan's 2.1% is above the median for lower middle income countries, which is 1.8%, 1.2× the median. (46 countries reporting)
- Pakistan's 2.1% is below the median for Middle East, North Africa, Afghanistan & Pakistan, which is 2.6%, 80% of the median. (20 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0.9% | 0.4% | 1.3% | 4 |
| 1980s | 1.1% | 0.6% | 2.2% | 10 |
| 1990s | 1.5% | 0.4% | 2.8% | 10 |
| 2000s | 3.5% | 1.2% | 5.8% | 10 |
| 2010s | 4.3% | 3.0% | 5.5% | 10 |
| 2020s | 3.2% | 2.1% | 4.8% | 6 |
Countries ranked near Pakistan
More private sector data for Pakistan
- Merchandise trade 23.7% (2025)
- Food imports 14.1% (2024)
- Manufactures imports 46.1% (2024)
- Merchandise imports 65.85 billion current US$ (2025)
- Food exports 24.4% (2024)
- Manufactures exports 67.9% (2024)
- Merchandise exports 30.55 billion current US$ (2025)
- Merchandise exports (current US$), per capita 119.68 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.075 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate -5.49 % change on previous year (2025)
Frequently asked questions
- What is insurance and financial services in Pakistan?
- Insurance and financial services in Pakistan was 2.1% 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 Pakistan?
- The highest recorded value was 5.8% in 2009.
- What is the lowest insurance and financial services recorded in Pakistan?
- The lowest recorded value was 0.4% in 1992.
- How does Pakistan rank for insurance and financial services?
- Pakistan ranks 108th out of 190 countries with data for 2025.
- Is insurance and financial services rising or falling in Pakistan?
- Over the last ten years it is down 56.2%. The long-run trend across the full record is volatile.
- Where does this Pakistan 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.