Insurance and financial services (% of commercial service exports) in San Marino
San Marino: Insurance and financial services (% of commercial service exports) was 2.3% in 2024. ▲ Rising
Insurance and financial services in San Marino, 2017–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of commercial service exports.
Analysis
In 2024, insurance and financial services in San Marino stood at 2.3%.
Compared with earlier readings it is down 3.7% on the previous year and up 44.6% over ten years.
San Marino ranks 105th of 190 countries on this measure, in the middle of the range.
Insurance and financial services (% of commercial service exports) in San Marino, year by year
| Year | % of commercial service exports | Change |
|---|---|---|
| 2017 | 1.6% | — |
| 2018 | 1.5% | -10.3% |
| 2019 | 1.1% | -21.1% |
| 2020 | 1.1% | -7.4% |
| 2021 | 2.7% | +150.8% |
| 2022 | 1.8% | -33.0% |
| 2023 | 2.4% | +36.3% |
| 2024 | 2.3% | -3.7% |
San Marino compared with similar countries
- San Marino's 2.3% is below the median for high income countries, which is 5.2%, 45% of the median. (69 countries reporting)
- San Marino's 2.3% is below the median for Europe & Central Asia, which is 3.5%, 66% of the median. (51 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 1.4% | 1.1% | 1.6% | 3 |
| 2020s | 2.1% | 1.1% | 2.7% | 5 |
Countries ranked near San Marino
More private sector data for San Marino
- Commercial service imports 934.52 million current US$ (2024)
- Commercial service exports 1.26 billion current US$ (2024)
- Transport services 31.6% (2024)
- Computer, communications and other services 37.6% (2024)
- Computer, communications and other services 59.1% (2024)
- Commercial service exports (current US$), per capita 36,782 current US$ per person (2023)
- Commercial service exports (current US$), per unit of GDP 0.6144 current US$ per US$ of GDP (2023)
- Commercial service imports (current US$), per capita 26,404 current US$ per person (2023)
- Travel services 27.5% (2024)
- Travel services 33.9% (2024)
Frequently asked questions
- What is insurance and financial services in San Marino?
- Insurance and financial services in San Marino was 2.3% 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 San Marino?
- The highest recorded value was 2.7% in 2021.
- What is the lowest insurance and financial services recorded in San Marino?
- The lowest recorded value was 1.1% in 2020.
- How does San Marino rank for insurance and financial services?
- San Marino ranks 105th out of 190 countries with data for 2024.
- Is insurance and financial services rising or falling in San Marino?
- Over the last ten years it is up 44.6%. The long-run trend across the full record is rising.
- Where does this San Marino 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.