Insurance and financial services in Thailand
Thailand: Insurance and financial services was 1.8% in 2025. ◆ Volatile
Insurance and financial services in Thailand, 1975–2025
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of commercial service exports.
Analysis
Thailand recorded 1.8% for insurance and financial services in 2025.
That represents a change of up 9.6% on the previous year and up 60.7% over ten years.
Over the whole period, insurance and financial services in Thailand peaked at 3.8% in 2021 and was at its lowest, 0.1%, in 1988.
Thailand ranks 115th of 190 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Insurance and financial services in Thailand, year by year
| Year | % of commercial service exports | Change |
|---|---|---|
| 1975 | 1.3% | — |
| 1976 | 1.4% | +6.5% |
| 1977 | 1.4% | +6.4% |
| 1978 | 0.8% | -43.6% |
| 1979 | 0.7% | -16.2% |
| 1980 | 0.6% | -18.6% |
| 1981 | 0.7% | +32.5% |
| 1982 | 0.5% | -26.4% |
| 1983 | 0.5% | -10.1% |
| 1984 | 0.6% | +17.5% |
| 1985 | 0.5% | -10.7% |
| 1986 | 0.2% | -51.6% |
| 1987 | 0.2% | -24.6% |
| 1988 | 0.1% | -28.6% |
| 1989 | 0.1% | +1.2% |
| 1990 | 0.2% | +20.7% |
| 1991 | 0.2% | +0.8% |
| 1992 | 0.5% | +192.8% |
| 1993 | 0.5% | +5.4% |
| 1994 | 0.5% | -5.2% |
| 1995 | 0.7% | +39.7% |
| 1996 | 0.7% | -1.4% |
| 1997 | 0.5% | -31.1% |
| 1998 | 0.4% | -14.5% |
| 1999 | 0.4% | -0.9% |
| 2000 | 0.6% | +52.5% |
| 2001 | 0.7% | +14.6% |
| 2002 | 0.6% | -11.3% |
| 2003 | 0.9% | +42.1% |
| 2004 | 0.7% | -16.5% |
| 2005 | 0.6% | -21.0% |
| 2006 | 0.5% | -19.7% |
| 2007 | 0.5% | +5.2% |
| 2008 | 0.7% | +50.1% |
| 2009 | 1.0% | +42.8% |
| 2010 | 1.2% | +13.1% |
| 2011 | 1.5% | +27.7% |
| 2012 | 2.1% | +45.0% |
| 2013 | 1.8% | -16.5% |
| 2014 | 1.2% | -32.8% |
| 2015 | 1.1% | -7.9% |
| 2016 | 1.2% | +12.9% |
| 2017 | 1.2% | -5.4% |
| 2018 | 1.2% | -0.3% |
| 2019 | 1.1% | -4.9% |
| 2020 | 3.0% | +167.0% |
| 2021 | 3.8% | +27.3% |
| 2022 | 2.6% | -30.7% |
| 2023 | 2.2% | -16.7% |
| 2024 | 1.6% | -26.0% |
| 2025 | 1.8% | +9.6% |
Thailand compared with similar countries
- Thailand's 1.8% is below the median for upper middle income countries, which is 1.9%, 95% of the median. (53 countries reporting)
- Thailand's 1.8% is above the median for East Asia & Pacific, which is 1.4%, 1.2× the median. (29 countries reporting)
Biggest year-on-year movements
Years where Insurance and financial services in Thailand 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 |
|---|---|---|---|
| 1992 | +192.8% | 0.2% | 0.5% |
| 2020 | +167.0% | 1.1% | 3.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 1.1% | 0.7% | 1.4% | 5 |
| 1980s | 0.4% | 0.1% | 0.7% | 10 |
| 1990s | 0.4% | 0.2% | 0.7% | 10 |
| 2000s | 0.7% | 0.5% | 1.0% | 10 |
| 2010s | 1.4% | 1.1% | 2.1% | 10 |
| 2020s | 2.5% | 1.6% | 3.8% | 6 |
Countries ranked near Thailand
More private sector data for Thailand
- Merchandise trade 118.6% (2025)
- Food imports 6.6% (2024)
- Manufactures imports 65.8% (2024)
- Merchandise imports 344.94 billion current US$ (2025)
- Food exports 14.7% (2024)
- Manufactures exports 72.1% (2024)
- Merchandise exports 339.63 billion current US$ (2025)
- Merchandise exports (current US$), per capita 4,742 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.5886 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate 12.93 % change on previous year (2025)
Frequently asked questions
- What is insurance and financial services in Thailand?
- Insurance and financial services in Thailand was 1.8% 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 Thailand?
- The highest recorded value was 3.8% in 2021.
- What is the lowest insurance and financial services recorded in Thailand?
- The lowest recorded value was 0.1% in 1988.
- How does Thailand rank for insurance and financial services?
- Thailand ranks 115th out of 190 countries with data for 2025.
- Is insurance and financial services rising or falling in Thailand?
- Over the last ten years it is up 60.7%. The long-run trend across the full record is volatile.
- Where does this Thailand 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 — 51 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.