Insurance and financial services in Spain
Spain: Insurance and financial services was 4.0% in 2025. ▲ Rising
Insurance and financial services in Spain, 1975–2025
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of commercial service exports.
Analysis
Spain recorded 4.0% for insurance and financial services in 2025.
Compared with earlier readings it is down 13.4% on the previous year and up 4.2% over ten years.
Over the whole period, insurance and financial services in Spain peaked at 6.0% in 1992 and was at its lowest, 1.3%, in 1986.
Spain ranks 77th of 190 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 37 years of available data.
Insurance and financial services in Spain, year by year
| Year | % of commercial service exports | Change |
|---|---|---|
| 1975 | 1.5% | — |
| 1976 | 2.5% | +62.5% |
| 1977 | 1.8% | -29.0% |
| 1978 | 1.8% | -0.3% |
| 1979 | 2.0% | +12.0% |
| 1980 | 2.5% | +24.4% |
| 1981 | 2.1% | -15.9% |
| 1982 | 2.2% | +7.8% |
| 1983 | 2.3% | +3.2% |
| 1984 | 1.4% | -38.0% |
| 1985 | 1.3% | -5.7% |
| 1986 | 1.3% | -3.2% |
| 1987 | 1.5% | +16.6% |
| 1988 | 1.4% | -10.7% |
| 1989 | 1.9% | +42.1% |
| 1990 | 4.3% | +123.9% |
| 1991 | 4.9% | +12.6% |
| 1992 | 6.0% | +24.0% |
| 1993 | 4.8% | -20.0% |
| 1994 | 4.5% | -5.8% |
| 1995 | 3.9% | -13.4% |
| 1996 | 3.8% | -3.0% |
| 1997 | 3.1% | -18.6% |
| 1998 | 3.2% | +3.0% |
| 2013 | 4.4% | +37.6% |
| 2014 | 4.2% | -5.2% |
| 2015 | 3.8% | -8.1% |
| 2016 | 3.6% | -5.7% |
| 2017 | 3.5% | -4.4% |
| 2018 | 3.0% | -13.3% |
| 2019 | 3.0% | -0.0% |
| 2020 | 5.6% | +88.2% |
| 2021 | 5.3% | -5.0% |
| 2022 | 3.4% | -35.5% |
| 2023 | 4.0% | +17.1% |
| 2024 | 4.6% | +13.9% |
| 2025 | 4.0% | -13.4% |
Spain compared with similar countries
- Spain's 4.0% is below the median for high income countries, which is 5.3%, 75% of the median. (69 countries reporting)
- Spain's 4.0% is above the median for Europe & Central Asia, which is 3.6%, 1.1× the median. (51 countries reporting)
Biggest year-on-year movements
Years where Insurance and financial services in Spain 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 |
|---|---|---|---|
| 1990 | +123.9% | 1.9% | 4.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 1.9% | 1.5% | 2.5% | 5 |
| 1980s | 1.8% | 1.3% | 2.5% | 10 |
| 1990s | 4.3% | 3.1% | 6.0% | 9 |
| 2010s | 3.6% | 3.0% | 4.4% | 7 |
| 2020s | 4.5% | 3.4% | 5.6% | 6 |
Countries ranked near Spain
More private sector data for Spain
- Merchandise trade 50.3% (2025)
- Food imports 12.5% (2024)
- Manufactures imports 65.3% (2024)
- Merchandise imports 513.32 billion current US$ (2025)
- Food exports 18.6% (2024)
- Manufactures exports 65.2% (2024)
- Merchandise exports 445.11 billion current US$ (2025)
- Merchandise exports (current US$), per capita 9,018 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.2335 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate 3.87 % change on previous year (2025)
Frequently asked questions
- What is insurance and financial services in Spain?
- Insurance and financial services in Spain was 4.0% 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 Spain?
- The highest recorded value was 6.0% in 1992.
- What is the lowest insurance and financial services recorded in Spain?
- The lowest recorded value was 1.3% in 1986.
- How does Spain rank for insurance and financial services?
- Spain ranks 77th out of 190 countries with data for 2025.
- Is insurance and financial services rising or falling in Spain?
- Over the last ten years it is up 4.2%. The long-run trend across the full record is rising.
- Where does this Spain 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 — 37 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.