Insurance and financial services in Upper middle income
Upper middle income: Insurance and financial services was 3.0% in 2025. ▼ Falling
Insurance and financial services in Upper middle income, 1982–2025
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of commercial service exports.
Analysis
Upper middle income recorded 3.0% for insurance and financial services in 2025.
Compared with earlier readings it is down 7.7% on the previous year and down 27.1% over ten years.
Over the whole period, insurance and financial services in Upper middle income peaked at 8.3% in 1995 and was at its lowest, 1.7%, in 1997.
Upper middle income ranks 38th of 45 groups on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 44 years of available data.
Insurance and financial services in Upper middle income, year by year
| Year | % of commercial service exports | Change |
|---|---|---|
| 1982 | 7.0% | — |
| 1983 | 6.8% | -3.0% |
| 1984 | 6.6% | -2.5% |
| 1985 | 6.4% | -2.5% |
| 1986 | 5.7% | -12.0% |
| 1987 | 5.4% | -5.1% |
| 1988 | 7.0% | +30.3% |
| 1989 | 6.5% | -7.2% |
| 1990 | 3.7% | -42.9% |
| 1991 | 4.7% | +27.8% |
| 1992 | 4.6% | -3.7% |
| 1993 | 4.0% | -12.5% |
| 1994 | 7.4% | +85.3% |
| 1995 | 8.3% | +11.6% |
| 1996 | 2.1% | -74.3% |
| 1997 | 1.7% | -20.8% |
| 1998 | 2.5% | +49.4% |
| 1999 | 2.4% | -2.8% |
| 2000 | 2.8% | +14.2% |
| 2001 | 2.4% | -13.7% |
| 2002 | 2.0% | -18.2% |
| 2003 | 2.2% | +12.6% |
| 2004 | 1.9% | -15.5% |
| 2005 | 2.4% | +30.8% |
| 2006 | 2.2% | -10.8% |
| 2007 | 2.7% | +23.0% |
| 2008 | 2.7% | +0.1% |
| 2009 | 2.9% | +6.9% |
| 2010 | 3.1% | +7.2% |
| 2011 | 3.3% | +8.7% |
| 2012 | 3.5% | +5.2% |
| 2013 | 4.1% | +17.2% |
| 2014 | 4.4% | +7.7% |
| 2015 | 4.1% | -8.7% |
| 2016 | 3.7% | -7.6% |
| 2017 | 4.0% | +7.2% |
| 2018 | 3.9% | -3.7% |
| 2019 | 3.9% | +1.7% |
| 2020 | 4.9% | +23.8% |
| 2021 | 4.7% | -4.1% |
| 2022 | 4.0% | -15.5% |
| 2023 | 3.9% | -1.9% |
| 2024 | 3.2% | -17.3% |
| 2025 | 3.0% | -7.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 6.4% | 5.4% | 7.0% | 8 |
| 1990s | 4.1% | 1.7% | 8.3% | 10 |
| 2000s | 2.4% | 1.9% | 2.9% | 10 |
| 2010s | 3.8% | 3.1% | 4.4% | 10 |
| 2020s | 3.9% | 3.0% | 4.9% | 6 |
Countries ranked near Upper middle income
More private sector data for Upper middle income
- Merchandise trade 42.8% (2025)
- Food imports 8.5% (2024)
- Manufactures imports 59.5% (2024)
- Merchandise imports 6.62 trillion current US$ (2025)
- Food exports 9.5% (2024)
- Manufactures exports 75.8% (2024)
- Merchandise exports 7.67 trillion current US$ (2025)
- Merchandise exports (current US$), per capita 2,493 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.2289 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate 6.45 % change on previous year (2025)
Frequently asked questions
- What is insurance and financial services in Upper middle income?
- Insurance and financial services in Upper middle income was 3.0% 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 Upper middle income?
- The highest recorded value was 8.3% in 1995.
- What is the lowest insurance and financial services recorded in Upper middle income?
- The lowest recorded value was 1.7% in 1997.
- How does Upper middle income rank for insurance and financial services?
- Upper middle income ranks 38th out of 45 groups with data for 2025.
- Is insurance and financial services rising or falling in Upper middle income?
- Over the last ten years it is down 27.1%. The long-run trend across the full record is falling.
- Where does this Upper middle income 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.