Insurance and financial services in Switzerland
Switzerland: Insurance and financial services was 21.4% in 2025. ▲ Rising
Insurance and financial services in Switzerland, 1977–2025
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 Switzerland is 21.4%, measured in 2025.
That represents a change of up 2.8% on the previous year and down 9.8% over ten years.
Over the whole period, insurance and financial services in Switzerland peaked at 41.3% in 1999 and was at its lowest, 4.4%, in 1981.
That places Switzerland 11th out of 190 countries with data for 2025, putting it in the top 10%.
The long-run direction has been consistently rising across the 49 years of available data.
Insurance and financial services in Switzerland, year by year
| Year | % of commercial service exports | Change |
|---|---|---|
| 1977 | 5.0% | — |
| 1978 | 4.9% | -2.4% |
| 1979 | 5.4% | +11.1% |
| 1980 | 4.7% | -12.6% |
| 1981 | 4.4% | -6.8% |
| 1982 | 4.8% | +9.5% |
| 1983 | 19.0% | +291.6% |
| 1984 | 19.1% | +1.0% |
| 1985 | 20.8% | +8.8% |
| 1986 | 24.5% | +17.6% |
| 1987 | 25.1% | +2.5% |
| 1988 | 24.0% | -4.5% |
| 1989 | 25.8% | +7.6% |
| 1990 | 24.6% | -4.5% |
| 1991 | 25.8% | +4.6% |
| 1992 | 26.6% | +3.3% |
| 1993 | 30.3% | +13.8% |
| 1994 | 28.4% | -6.1% |
| 1995 | 28.8% | +1.1% |
| 1996 | 32.0% | +11.2% |
| 1997 | 32.2% | +0.8% |
| 1998 | 34.0% | +5.4% |
| 1999 | 41.3% | +21.6% |
| 2000 | 38.9% | -5.8% |
| 2001 | 35.6% | -8.4% |
| 2002 | 35.8% | +0.5% |
| 2003 | 37.0% | +3.5% |
| 2004 | 35.5% | -4.2% |
| 2005 | 36.1% | +1.8% |
| 2006 | 37.7% | +4.4% |
| 2007 | 39.7% | +5.4% |
| 2008 | 36.0% | -9.5% |
| 2009 | 31.8% | -11.6% |
| 2010 | 29.3% | -7.8% |
| 2011 | 27.6% | -6.0% |
| 2012 | 26.6% | -3.6% |
| 2013 | 26.9% | +1.3% |
| 2014 | 24.7% | -8.1% |
| 2015 | 23.8% | -3.9% |
| 2016 | 22.7% | -4.7% |
| 2017 | 21.6% | -4.7% |
| 2018 | 21.2% | -1.8% |
| 2019 | 21.7% | +2.6% |
| 2020 | 24.0% | +10.4% |
| 2021 | 22.9% | -4.5% |
| 2022 | 22.1% | -3.5% |
| 2023 | 21.8% | -1.5% |
| 2024 | 20.8% | -4.5% |
| 2025 | 21.4% | +2.8% |
Switzerland compared with similar countries
- Switzerland's 21.4% is above the median for high income countries, which is 5.3%, 4.0× the median. (69 countries reporting)
- Switzerland's 21.4% is above the median for Europe & Central Asia, which is 3.6%, 6.0× the median. (51 countries reporting)
Biggest year-on-year movements
Years where Insurance and financial services in Switzerland 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 |
|---|---|---|---|
| 1983 | +291.6% | 4.8% | 19.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 5.1% | 4.9% | 5.4% | 3 |
| 1980s | 17.2% | 4.4% | 25.8% | 10 |
| 1990s | 30.4% | 24.6% | 41.3% | 10 |
| 2000s | 36.4% | 31.8% | 39.7% | 10 |
| 2010s | 24.6% | 21.2% | 29.3% | 10 |
| 2020s | 22.2% | 20.8% | 24.0% | 6 |
Countries ranked near Switzerland
- 8 Nigeria 25.3% compare
- 9 United Kingdom of Great Britain and Northern Ireland 25.2% compare
- 10 Guinea-Bissau 21.6% compare
- 12 Haiti 21.1% compare
- 13 United States of America 20.2% compare
- 14 Bermuda 20.0% compare
More private sector data for Switzerland
- Merchandise trade 101.7% (2025)
- Food imports 4.6% (2024)
- Manufactures imports 60.8% (2024)
- Merchandise imports 507.43 billion current US$ (2025)
- Food exports 2.5% (2024)
- Manufactures exports 68.5% (2024)
- Merchandise exports 554.16 billion current US$ (2025)
- Merchandise exports (current US$), per capita 60,947 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.531 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate 23.89 % change on previous year (2025)
Frequently asked questions
- What is insurance and financial services in Switzerland?
- Insurance and financial services in Switzerland was 21.4% 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 Switzerland?
- The highest recorded value was 41.3% in 1999.
- What is the lowest insurance and financial services recorded in Switzerland?
- The lowest recorded value was 4.4% in 1981.
- How does Switzerland rank for insurance and financial services?
- Switzerland ranks 11th out of 190 countries with data for 2025.
- Is insurance and financial services rising or falling in Switzerland?
- Over the last ten years it is down 9.8%. The long-run trend across the full record is rising.
- Where does this Switzerland 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 — 49 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.