Insurance and financial services in Romania
Romania: Insurance and financial services was 1.7% in 2025. ▼ Falling
Insurance and financial services in Romania, 1971–2025
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of commercial service exports.
Analysis
Romania recorded 1.7% for insurance and financial services in 2025.
That represents a change of up 22.7% on the previous year and down 6.5% over ten years.
Over the whole period, insurance and financial services in Romania peaked at 7.6% in 2000 and was at its lowest, 1.1%, in 2006.
Romania ranks 119th of 190 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 55 years of available data.
Insurance and financial services in Romania, year by year
| Year | % of commercial service exports | Change |
|---|---|---|
| 1971 | 3.6% | — |
| 1972 | 4.3% | +18.1% |
| 1973 | 4.4% | +3.2% |
| 1974 | 4.5% | +1.6% |
| 1975 | 3.8% | -15.3% |
| 1976 | 4.0% | +4.6% |
| 1977 | 4.9% | +23.1% |
| 1978 | 4.8% | -3.3% |
| 1979 | 4.4% | -7.1% |
| 1980 | 4.2% | -5.5% |
| 1981 | 4.8% | +14.4% |
| 1982 | 5.4% | +13.4% |
| 1983 | 4.6% | -15.0% |
| 1984 | 5.5% | +19.6% |
| 1985 | 5.3% | -3.0% |
| 1986 | 5.6% | +3.8% |
| 1987 | 5.3% | -4.8% |
| 1988 | 5.6% | +5.3% |
| 1989 | 5.6% | -0.2% |
| 1990 | 5.6% | +1.0% |
| 1991 | 3.6% | -35.0% |
| 1992 | 2.3% | -37.2% |
| 1993 | 3.6% | +58.4% |
| 1994 | 6.7% | +84.9% |
| 1995 | 5.4% | -19.7% |
| 1996 | 4.7% | -12.0% |
| 1997 | 5.0% | +5.5% |
| 1998 | 5.2% | +4.0% |
| 1999 | 4.1% | -20.6% |
| 2000 | 7.6% | +82.7% |
| 2001 | 6.4% | -14.7% |
| 2002 | 4.3% | -33.1% |
| 2003 | 3.2% | -24.8% |
| 2004 | 2.7% | -17.1% |
| 2005 | 1.4% | -48.9% |
| 2006 | 1.1% | -17.2% |
| 2007 | 4.5% | +291.1% |
| 2008 | 3.2% | -27.1% |
| 2009 | 2.0% | -38.6% |
| 2010 | 1.6% | -19.8% |
| 2011 | 2.7% | +69.3% |
| 2012 | 3.7% | +38.1% |
| 2013 | 2.5% | -32.2% |
| 2014 | 2.0% | -21.6% |
| 2015 | 1.8% | -7.6% |
| 2016 | 1.7% | -6.3% |
| 2017 | 1.5% | -14.2% |
| 2018 | 1.4% | -5.7% |
| 2019 | 1.4% | +2.2% |
| 2020 | 1.6% | +12.2% |
| 2021 | 1.4% | -11.8% |
| 2022 | 1.2% | -14.4% |
| 2023 | 1.3% | +5.3% |
| 2024 | 1.4% | +10.1% |
| 2025 | 1.7% | +22.7% |
Romania compared with similar countries
- Romania's 1.7% is below the median for high income countries, which is 5.3%, 32% of the median. (69 countries reporting)
- Romania's 1.7% is below the median for Europe & Central Asia, which is 3.6%, 48% of the median. (51 countries reporting)
Biggest year-on-year movements
Years where Insurance and financial services in Romania 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 |
|---|---|---|---|
| 2007 | +291.1% | 1.1% | 4.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 4.3% | 3.6% | 4.9% | 9 |
| 1980s | 5.2% | 4.2% | 5.6% | 10 |
| 1990s | 4.6% | 2.3% | 6.7% | 10 |
| 2000s | 3.6% | 1.1% | 7.6% | 10 |
| 2010s | 2.0% | 1.4% | 3.7% | 10 |
| 2020s | 1.4% | 1.2% | 1.7% | 6 |
Countries ranked near Romania
More private sector data for Romania
- Merchandise trade 59.5% (2025)
- Food imports 10.7% (2024)
- Manufactures imports 77.2% (2024)
- Merchandise imports 146.04 billion current US$ (2025)
- Food exports 11.5% (2024)
- Manufactures exports 79.3% (2024)
- Merchandise exports 109.13 billion current US$ (2025)
- Merchandise exports (current US$), per capita 5,738 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.2546 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate 8.82 % change on previous year (2025)
Frequently asked questions
- What is insurance and financial services in Romania?
- Insurance and financial services in Romania was 1.7% 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 Romania?
- The highest recorded value was 7.6% in 2000.
- What is the lowest insurance and financial services recorded in Romania?
- The lowest recorded value was 1.1% in 2006.
- How does Romania rank for insurance and financial services?
- Romania ranks 119th out of 190 countries with data for 2025.
- Is insurance and financial services rising or falling in Romania?
- Over the last ten years it is down 6.5%. The long-run trend across the full record is falling.
- Where does this Romania 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 — 55 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.