Insurance and financial services in Palestine
Palestine: Insurance and financial services was 0.0% in 2022. ◆ Volatile
Insurance and financial services in Palestine, 2000–2022
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of commercial service exports.
Analysis
In 2022, insurance and financial services in Palestine stood at 0.0%.
Compared with earlier readings it is down 69.1% on the previous year and down 6.3% over ten years.
Over the whole period, insurance and financial services in Palestine peaked at 1.1% in 2010 and was at its lowest, 0.0%, in 2004.
That places Palestine 189th out of 190 countries with data for 2022, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Insurance and financial services in Palestine, year by year
| Year | % of commercial service exports | Change |
|---|---|---|
| 2000 | 0.0% | — |
| 2004 | 0.0% | -91.1% |
| 2005 | 0.0% | +244.0% |
| 2006 | 0.0% | +920.6% |
| 2007 | 0.0% | -33.9% |
| 2008 | 0.0% | +28.8% |
| 2009 | 0.0% | -41.1% |
| 2010 | 1.1% | +7057.0% |
| 2011 | 0.0% | -99.4% |
| 2012 | 0.0% | +132.3% |
| 2013 | 0.0% | +40.6% |
| 2014 | 0.0% | +8.1% |
| 2015 | 0.0% | -2.2% |
| 2016 | 0.0% | -64.3% |
| 2017 | 0.0% | +113.1% |
| 2018 | 0.0% | +4.0% |
| 2019 | 0.0% | +81.5% |
| 2020 | 0.0% | +41.7% |
| 2022 | 0.0% | -69.1% |
Palestine compared with similar countries
- Palestine's 0.0% is below the median for lower middle income countries, which is 1.8%, 1% of the median. (46 countries reporting)
- Palestine's 0.0% is below the median for Middle East, North Africa, Afghanistan & Pakistan, which is 2.6%, 1% of the median. (20 countries reporting)
Biggest year-on-year movements
Years where Insurance and financial services in Palestine 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 |
|---|---|---|---|
| 2010 | +7057.0% | 0.0% | 1.1% |
| 2006 | +920.6% | 0.0% | 0.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 0.0% | 0.0% | 0.0% | 7 |
| 2010s | 0.1% | 0.0% | 1.1% | 10 |
| 2020s | 0.0% | 0.0% | 0.0% | 2 |
Countries ranked near Palestine
- 186 Maldives 0.1% compare
- 187 Sint Maarten (Dutch part) 0.1% compare
- 188 Mauritania 0.0% compare
- 190 Angola 0.0% compare
More private sector data for Palestine
- Food imports 30.9% (2023)
- Manufactures imports 45.9% (2023)
- Food exports 21.4% (2023)
- Manufactures exports 63.3% (2023)
- Commercial service exports (current US$), per capita 103.2 current US$ per person (2025)
- Commercial service exports 558.70 million current US$ (2025)
- Commercial service exports (current US$), per unit of GDP 0.0325 current US$ per US$ of GDP (2025)
- Transport services 47.1% (2025)
- Commercial service imports (current US$), per capita 227.75 current US$ per person (2025)
- Computer, communications and other services 8.6% (2025)
Frequently asked questions
- What is insurance and financial services in Palestine?
- Insurance and financial services in Palestine was 0.0% in 2022, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest insurance and financial services recorded in Palestine?
- The highest recorded value was 1.1% in 2010.
- What is the lowest insurance and financial services recorded in Palestine?
- The lowest recorded value was 0.0% in 2004.
- How does Palestine rank for insurance and financial services?
- Palestine ranks 189th out of 190 countries with data for 2022.
- Is insurance and financial services rising or falling in Palestine?
- Over the last ten years it is down 6.3%. The long-run trend across the full record is volatile.
- Where does this Palestine 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.