Insurance and financial services in Small states
Small states: Insurance and financial services was 6.6% in 2025. ▲ Rising
Insurance and financial services in Small states, 1996–2025
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 Small states is 6.6%, measured in 2025.
The figure is up 2.3% on the previous year and up 0.6% over ten years.
Over the whole period, insurance and financial services in Small states peaked at 11.7% in 2008 and was at its lowest, 2.8%, in 1998.
That places Small states 22nd out of 45 groups with data for 2025, putting it in the middle of the range.
The long-run direction has been consistently rising across the 23 years of available data.
Insurance and financial services in Small states, year by year
| Year | % of commercial service exports | Change |
|---|---|---|
| 1996 | 2.8% | — |
| 1997 | 2.9% | +1.4% |
| 1998 | 2.8% | -4.1% |
| 2001 | 5.5% | +99.2% |
| 2002 | 5.6% | +2.3% |
| 2008 | 11.7% | +108.2% |
| 2009 | 9.1% | -22.2% |
| 2010 | 11.0% | +20.8% |
| 2011 | 9.3% | -15.9% |
| 2012 | 9.2% | -0.7% |
| 2013 | 7.6% | -17.5% |
| 2014 | 7.6% | +0.4% |
| 2015 | 6.6% | -14.0% |
| 2016 | 6.7% | +2.1% |
| 2017 | 6.3% | -5.9% |
| 2018 | 5.6% | -11.3% |
| 2019 | 6.1% | +8.5% |
| 2020 | 9.6% | +57.9% |
| 2021 | 11.0% | +14.5% |
| 2022 | 8.5% | -22.6% |
| 2023 | 6.2% | -27.3% |
| 2024 | 6.4% | +4.6% |
| 2025 | 6.6% | +2.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 2.8% | 2.8% | 2.9% | 3 |
| 2000s | 8.0% | 5.5% | 11.7% | 4 |
| 2010s | 7.6% | 5.6% | 11.0% | 10 |
| 2020s | 8.0% | 6.2% | 11.0% | 6 |
Countries ranked near Small states
More private sector data for Small states
- Merchandise trade 70.4% (2025)
- Food imports 16.0% (2024)
- Manufactures imports 60.8% (2024)
- Merchandise imports 141.38 billion current US$ (2025)
- Food exports 19.2% (2024)
- Manufactures exports 43.9% (2024)
- Merchandise exports 100.88 billion current US$ (2025)
- Merchandise exports (current US$), per capita 4,958 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.2991 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate 2.68 % change on previous year (2025)
Frequently asked questions
- What is insurance and financial services in Small states?
- Insurance and financial services in Small states was 6.6% 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 Small states?
- The highest recorded value was 11.7% in 2008.
- What is the lowest insurance and financial services recorded in Small states?
- The lowest recorded value was 2.8% in 1998.
- How does Small states rank for insurance and financial services?
- Small states ranks 22nd out of 45 groups with data for 2025.
- Is insurance and financial services rising or falling in Small states?
- Over the last ten years it is up 0.6%. The long-run trend across the full record is rising.
- Where does this Small states 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.