Insurance and financial services in Portugal
Portugal: Insurance and financial services was 1.7% in 2024. ◆ Volatile
Insurance and financial services in Portugal, 1975–2024
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 Portugal is 1.7%, measured in 2024.
That represents a change of up 14.6% on the previous year and down 0.0% over ten years.
Over the whole period, insurance and financial services in Portugal peaked at 7.7% in 2000 and was at its lowest, 0.5%, in 1992.
That places Portugal 117th out of 190 countries with data for 2024, 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 Portugal, year by year
| Year | % of commercial service exports | Change |
|---|---|---|
| 1975 | 3.2% | — |
| 1976 | 2.4% | -24.9% |
| 1977 | 1.5% | -39.1% |
| 1978 | 1.7% | +18.5% |
| 1979 | 1.4% | -21.5% |
| 1980 | 1.2% | -7.7% |
| 1981 | 1.2% | -2.5% |
| 1982 | 1.2% | -4.6% |
| 1983 | 1.3% | +16.1% |
| 1984 | 1.0% | -24.2% |
| 1985 | 0.9% | -14.7% |
| 1986 | 0.7% | -15.9% |
| 1987 | 0.7% | -10.1% |
| 1988 | 0.9% | +29.8% |
| 1989 | 0.8% | -9.3% |
| 1990 | 0.7% | -10.5% |
| 1991 | 1.1% | +56.0% |
| 1992 | 0.5% | -51.1% |
| 1993 | 2.8% | +437.5% |
| 1994 | 3.0% | +6.0% |
| 1995 | 4.4% | +46.2% |
| 1996 | 3.6% | -18.6% |
| 1997 | 3.3% | -7.7% |
| 1998 | 2.9% | -13.1% |
| 1999 | 7.0% | +142.5% |
| 2000 | 7.7% | +9.8% |
| 2001 | 3.2% | -57.7% |
| 2002 | 3.2% | -2.6% |
| 2003 | 3.1% | -3.3% |
| 2004 | 3.4% | +9.8% |
| 2005 | 3.0% | -11.8% |
| 2006 | 2.7% | -7.1% |
| 2007 | 3.3% | +19.8% |
| 2008 | 3.3% | +0.1% |
| 2009 | 2.6% | -20.8% |
| 2010 | 2.3% | -12.0% |
| 2011 | 2.1% | -7.6% |
| 2012 | 2.7% | +29.1% |
| 2013 | 2.1% | -21.7% |
| 2014 | 1.7% | -18.6% |
| 2015 | 1.6% | -6.4% |
| 2016 | 1.5% | -5.7% |
| 2017 | 1.3% | -12.6% |
| 2018 | 1.4% | +6.5% |
| 2019 | 1.4% | +1.1% |
| 2020 | 2.2% | +49.7% |
| 2021 | 1.8% | -15.5% |
| 2022 | 1.3% | -31.7% |
| 2023 | 1.5% | +21.7% |
| 2024 | 1.7% | +14.6% |
Portugal compared with similar countries
- Portugal's 1.7% is below the median for high income countries, which is 5.3%, 33% of the median. (69 countries reporting)
- Portugal's 1.7% is below the median for Europe & Central Asia, which is 3.6%, 49% of the median. (51 countries reporting)
Biggest year-on-year movements
Years where Insurance and financial services in Portugal 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 |
|---|---|---|---|
| 1993 | +437.5% | 0.5% | 2.8% |
| 1999 | +142.5% | 2.9% | 7.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 2.0% | 1.4% | 3.2% | 5 |
| 1980s | 1.0% | 0.7% | 1.3% | 10 |
| 1990s | 2.9% | 0.5% | 7.0% | 10 |
| 2000s | 3.5% | 2.6% | 7.7% | 10 |
| 2010s | 1.8% | 1.3% | 2.7% | 10 |
| 2020s | 1.7% | 1.3% | 2.2% | 5 |
Countries ranked near Portugal
More private sector data for Portugal
- Merchandise trade 62.1% (2025)
- Food imports 15.9% (2025)
- Manufactures imports 71.6% (2025)
- Merchandise imports 125.85 billion current US$ (2025)
- Food exports 14.4% (2025)
- Manufactures exports 75.4% (2025)
- Merchandise exports 89.42 billion current US$ (2025)
- Merchandise exports (current US$), per capita 8,276 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.258 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate 4.74 % change on previous year (2025)
Frequently asked questions
- What is insurance and financial services in Portugal?
- Insurance and financial services in Portugal was 1.7% in 2024, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest insurance and financial services recorded in Portugal?
- The highest recorded value was 7.7% in 2000.
- What is the lowest insurance and financial services recorded in Portugal?
- The lowest recorded value was 0.5% in 1992.
- How does Portugal rank for insurance and financial services?
- Portugal ranks 117th out of 190 countries with data for 2024.
- Is insurance and financial services rising or falling in Portugal?
- Over the last ten years it is down 0.0%. The long-run trend across the full record is volatile.
- Where does this Portugal 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 — 50 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.