Insurance and financial services (% of commercial service exports) in Philippines
Philippines: Insurance and financial services (% of commercial service exports) was 1.1% in 2025. ◆ Volatile
Insurance and financial services in Philippines, 1984–2025
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 Philippines stood at 1.1%.
That represents a change of up 7.5% on the previous year and down 41.3% over ten years.
Over the whole period, insurance and financial services in Philippines peaked at 1.8% in 2015 and was at its lowest, 0.1%, in 1994.
That places Philippines 144th out of 190 countries with data for 2025, putting it in the bottom quarter.
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 Philippines, year by year
| Year | % of commercial service exports | Change |
|---|---|---|
| 1984 | 0.3% | — |
| 1985 | 0.2% | -25.6% |
| 1986 | 0.3% | +53.0% |
| 1987 | 0.4% | +14.8% |
| 1988 | 0.6% | +70.3% |
| 1989 | 0.6% | -1.3% |
| 1990 | 0.5% | -23.8% |
| 1991 | 0.6% | +24.9% |
| 1992 | 0.5% | -16.5% |
| 1993 | 0.5% | -9.7% |
| 1994 | 0.1% | -67.4% |
| 1995 | 0.7% | +348.8% |
| 1996 | 0.2% | -67.4% |
| 1997 | 0.2% | -26.8% |
| 1998 | 0.3% | +102.7% |
| 1999 | 1.5% | +374.7% |
| 2000 | 1.6% | +7.3% |
| 2001 | 1.1% | -35.5% |
| 2002 | 0.8% | -25.3% |
| 2003 | 0.9% | +11.8% |
| 2004 | 0.8% | -7.6% |
| 2005 | 1.2% | +52.2% |
| 2006 | 1.6% | +25.4% |
| 2007 | 1.2% | -24.0% |
| 2008 | 1.2% | +3.2% |
| 2009 | 1.5% | +25.8% |
| 2010 | 1.0% | -32.9% |
| 2011 | 0.9% | -8.2% |
| 2012 | 0.9% | -9.4% |
| 2013 | 0.8% | -7.2% |
| 2014 | 1.3% | +57.4% |
| 2015 | 1.8% | +46.6% |
| 2016 | 1.5% | -17.7% |
| 2017 | 0.9% | -38.6% |
| 2018 | 1.0% | +2.8% |
| 2019 | 0.8% | -17.6% |
| 2020 | 0.5% | -33.7% |
| 2021 | 0.9% | +68.7% |
| 2022 | 0.8% | -4.8% |
| 2023 | 0.8% | -3.5% |
| 2024 | 1.0% | +24.4% |
| 2025 | 1.1% | +7.5% |
Philippines compared with similar countries
- Philippines's 1.1% is below the median for upper middle income countries, which is 1.9%, 56% of the median. (53 countries reporting)
- Philippines's 1.1% is below the median for East Asia & Pacific, which is 1.5%, 74% of the median. (29 countries reporting)
Biggest year-on-year movements
Years where Insurance and financial services (% of commercial service exports) in Philippines 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 | +374.7% | 0.3% | 1.5% |
| 1995 | +348.8% | 0.1% | 0.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 0.4% | 0.2% | 0.6% | 6 |
| 1990s | 0.5% | 0.1% | 1.5% | 10 |
| 2000s | 1.2% | 0.8% | 1.6% | 10 |
| 2010s | 1.1% | 0.8% | 1.8% | 10 |
| 2020s | 0.9% | 0.5% | 1.1% | 6 |
Countries ranked near Philippines
More private sector data for Philippines
- Merchandise trade 46.2% (2025)
- Food imports 14.8% (2025)
- Manufactures imports 69.5% (2025)
- Merchandise imports 141.20 billion current US$ (2025)
- Commercial service imports 37.63 billion current US$ (2025)
- Food exports 10.8% (2025)
- Manufactures exports 76.5% (2025)
- Merchandise exports 83.72 billion current US$ (2025)
- Commercial service exports 51.47 billion current US$ (2025)
- Merchandise exports (current US$), per capita 716.89 current US$ per person (2025)
Frequently asked questions
- What is insurance and financial services in Philippines?
- Insurance and financial services in Philippines was 1.1% 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 Philippines?
- The highest recorded value was 1.8% in 2015.
- What is the lowest insurance and financial services recorded in Philippines?
- The lowest recorded value was 0.1% in 1994.
- How does Philippines rank for insurance and financial services?
- Philippines ranks 144th out of 190 countries with data for 2025.
- Is insurance and financial services rising or falling in Philippines?
- Over the last ten years it is down 41.3%. The long-run trend across the full record is volatile.
- Where does this Philippines 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.