Insurance and financial services in Pre-demographic dividend
Pre-demographic dividend: Insurance and financial services was 9.7% in 2024. ▲ Rising
Insurance and financial services in Pre-demographic dividend, 2005–2024
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 Pre-demographic dividend is 9.7%, measured in 2024.
Compared with earlier readings it is down 6.1% on the previous year and up 158.5% over ten years.
Over the whole period, insurance and financial services in Pre-demographic dividend peaked at 10.3% in 2023 and was at its lowest, 2.5%, in 2009.
That places Pre-demographic dividend 14th out of 45 groups with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 20 years of available data.
Insurance and financial services in Pre-demographic dividend, year by year
| Year | % of commercial service exports | Change |
|---|---|---|
| 2005 | 3.9% | — |
| 2006 | 3.7% | -5.6% |
| 2007 | 3.9% | +6.8% |
| 2008 | 3.1% | -21.3% |
| 2009 | 2.5% | -19.8% |
| 2010 | 2.8% | +10.9% |
| 2011 | 3.1% | +14.2% |
| 2012 | 4.5% | +43.2% |
| 2013 | 2.7% | -39.8% |
| 2014 | 3.7% | +38.3% |
| 2015 | 5.9% | +58.5% |
| 2016 | 5.9% | -0.8% |
| 2017 | 5.1% | -13.0% |
| 2018 | 7.8% | +52.6% |
| 2019 | 7.1% | -9.7% |
| 2020 | 10.0% | +41.7% |
| 2021 | 8.4% | -16.6% |
| 2022 | 7.5% | -9.9% |
| 2023 | 10.3% | +37.1% |
| 2024 | 9.7% | -6.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 3.4% | 2.5% | 3.9% | 5 |
| 2010s | 4.9% | 2.7% | 7.8% | 10 |
| 2020s | 9.2% | 7.5% | 10.3% | 5 |
Countries ranked near Pre-demographic dividend
- 11 Switzerland 21.4% compare
- 12 Haiti 21.1% compare
- 13 United States of America 20.2% compare
- 14 Bermuda 20.0% compare
- 15 Cyprus 19.7% compare
- 16 Central African Republic 19.6%
- 17 Guinea 18.3% compare
More private sector data for Pre-demographic dividend
- Merchandise trade 45.3% (2025)
- Food imports 15.5% (2019)
- Manufactures imports 63.9% (2019)
- Merchandise imports 373.79 billion current US$ (2025)
- Food exports 12.3% (2023)
- Manufactures exports 7.6% (2023)
- Merchandise exports 383.71 billion current US$ (2025)
- Merchandise exports (current US$), per capita 338.63 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.2303 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate 5.44 % change on previous year (2025)
Frequently asked questions
- What is insurance and financial services in Pre-demographic dividend?
- Insurance and financial services in Pre-demographic dividend was 9.7% 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 Pre-demographic dividend?
- The highest recorded value was 10.3% in 2023.
- What is the lowest insurance and financial services recorded in Pre-demographic dividend?
- The lowest recorded value was 2.5% in 2009.
- How does Pre-demographic dividend rank for insurance and financial services?
- Pre-demographic dividend ranks 14th out of 45 groups with data for 2024.
- Is insurance and financial services rising or falling in Pre-demographic dividend?
- Over the last ten years it is up 158.5%. The long-run trend across the full record is rising.
- Where does this Pre-demographic dividend 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.