Insurance and financial services in Saint Lucia
Saint Lucia: Insurance and financial services was 0.5% in 2025. ▼ Falling
Insurance and financial services in Saint Lucia, 1986–2025
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of commercial service exports.
Analysis
Saint Lucia recorded 0.5% for insurance and financial services in 2025. That is the lowest value across all 40 years on record.
That represents a change of down 32.9% on the previous year and down 29.3% over ten years.
Over the whole period, insurance and financial services in Saint Lucia peaked at 2.4% in 2020 and was at its lowest, 0.5%, in 2025.
Saint Lucia ranks 160th of 190 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 40 years of available data.
Insurance and financial services in Saint Lucia, year by year
| Year | % of commercial service exports | Change |
|---|---|---|
| 1986 | 1.7% | — |
| 1987 | 1.6% | -2.1% |
| 1988 | 1.4% | -16.0% |
| 1989 | 0.9% | -38.0% |
| 1990 | 1.9% | +120.5% |
| 1991 | 1.5% | -20.3% |
| 1992 | 1.8% | +20.7% |
| 1993 | 1.2% | -31.1% |
| 1994 | 1.2% | -5.2% |
| 1995 | 1.2% | +5.4% |
| 1996 | 1.4% | +11.1% |
| 1997 | 1.2% | -11.8% |
| 1998 | 1.0% | -19.1% |
| 1999 | 1.0% | +4.5% |
| 2000 | 1.4% | +33.7% |
| 2001 | 2.0% | +41.2% |
| 2002 | 1.9% | -0.5% |
| 2003 | 1.6% | -19.7% |
| 2004 | 1.3% | -18.8% |
| 2005 | 1.3% | +5.2% |
| 2006 | 1.9% | +41.0% |
| 2007 | 1.3% | -32.5% |
| 2008 | 1.1% | -13.3% |
| 2009 | 1.7% | +51.4% |
| 2010 | 1.3% | -23.2% |
| 2011 | 1.2% | -4.2% |
| 2012 | 1.2% | -5.4% |
| 2013 | 0.9% | -20.5% |
| 2014 | 0.7% | -22.8% |
| 2015 | 0.7% | -5.5% |
| 2016 | 0.7% | -3.2% |
| 2017 | 0.8% | +20.0% |
| 2018 | 0.8% | +0.1% |
| 2019 | 0.7% | -9.0% |
| 2020 | 2.4% | +240.5% |
| 2021 | 0.8% | -66.8% |
| 2022 | 0.6% | -19.9% |
| 2023 | 0.6% | -13.7% |
| 2024 | 0.7% | +27.4% |
| 2025 | 0.5% | -32.9% |
Saint Lucia compared with similar countries
- Saint Lucia's 0.5% is below the median for upper middle income countries, which is 1.9%, 25% of the median. (53 countries reporting)
- Saint Lucia's 0.5% is below the median for Latin America & Caribbean, which is 2.7%, 17% of the median. (35 countries reporting)
Biggest year-on-year movements
Years where Insurance and financial services in Saint Lucia 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 |
|---|---|---|---|
| 2020 | +240.5% | 0.7% | 2.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 1.4% | 0.9% | 1.7% | 4 |
| 1990s | 1.4% | 1.0% | 1.9% | 10 |
| 2000s | 1.5% | 1.1% | 2.0% | 10 |
| 2010s | 0.9% | 0.7% | 1.3% | 10 |
| 2020s | 0.9% | 0.5% | 2.4% | 6 |
Countries ranked near Saint Lucia
- 157 Kosovo 0.6% compare
- 157 Kosovo (UNSCR 1244) 0.6% compare
- 159 Paraguay 0.5% compare
- 161 Madagascar 0.5% compare
- 162 Afghanistan 0.4% compare
- 163 Congo, Democratic Republic of the 0.4% compare
More private sector data for Saint Lucia
- Merchandise trade 41.2% (2025)
- Food imports 27.6% (2020)
- Manufactures imports 57.0% (2020)
- Merchandise imports 1.01 billion current US$ (2025)
- Food exports 41.6% (2020)
- Manufactures exports 45.9% (2020)
- Merchandise exports 85.00 million current US$ (2025)
- Merchandise exports (current US$), per capita 471.83 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.032 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate -7.61 % change on previous year (2025)
Frequently asked questions
- What is insurance and financial services in Saint Lucia?
- Insurance and financial services in Saint Lucia was 0.5% 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 Saint Lucia?
- The highest recorded value was 2.4% in 2020.
- What is the lowest insurance and financial services recorded in Saint Lucia?
- The lowest recorded value was 0.5% in 2025.
- How does Saint Lucia rank for insurance and financial services?
- Saint Lucia ranks 160th out of 190 countries with data for 2025.
- Is insurance and financial services rising or falling in Saint Lucia?
- Over the last ten years it is down 29.3%. The long-run trend across the full record is falling.
- Where does this Saint Lucia 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 — 40 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.