Insurance and financial services in World
World: Insurance and financial services was 9.0% in 2025. ▲ Rising
Insurance and financial services in World, 1982–2025
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 World is 9.0%, measured in 2025.
The figure is down 0.9% on the previous year and up 3.7% over ten years.
Over the whole period, insurance and financial services in World peaked at 10.8% in 2020 and was at its lowest, 4.6%, in 1990.
That places World 16th out of 45 groups with data for 2025, putting it in the middle of the range.
The long-run direction has been consistently rising across the 42 years of available data.
Insurance and financial services in World, year by year
| Year | % of commercial service exports | Change |
|---|---|---|
| 1982 | 4.6% | — |
| 1983 | 4.9% | +5.1% |
| 1984 | 4.8% | -2.1% |
| 1985 | 4.9% | +1.9% |
| 1986 | 5.7% | +17.5% |
| 1987 | 5.6% | -2.2% |
| 1988 | 5.9% | +5.6% |
| 1989 | 5.7% | -3.7% |
| 1990 | 4.6% | -18.6% |
| 1993 | 5.7% | +24.1% |
| 1994 | 6.0% | +4.0% |
| 1995 | 6.8% | +13.7% |
| 1996 | 5.0% | -26.1% |
| 1997 | 5.1% | +1.6% |
| 1998 | 5.4% | +5.5% |
| 1999 | 7.0% | +29.7% |
| 2000 | 7.0% | +0.9% |
| 2001 | 6.7% | -4.9% |
| 2002 | 7.1% | +6.2% |
| 2003 | 7.1% | -0.5% |
| 2004 | 7.6% | +6.7% |
| 2005 | 7.9% | +4.4% |
| 2006 | 8.5% | +7.4% |
| 2007 | 9.1% | +7.3% |
| 2008 | 8.7% | -3.7% |
| 2009 | 9.1% | +3.8% |
| 2010 | 8.8% | -2.8% |
| 2011 | 8.9% | +1.2% |
| 2012 | 9.0% | +0.2% |
| 2013 | 8.9% | -0.3% |
| 2014 | 8.8% | -1.4% |
| 2015 | 8.7% | -1.0% |
| 2016 | 8.7% | -0.7% |
| 2017 | 8.6% | -0.3% |
| 2018 | 8.6% | -0.2% |
| 2019 | 8.5% | -0.9% |
| 2020 | 10.8% | +26.2% |
| 2021 | 10.6% | -1.8% |
| 2022 | 9.3% | -11.9% |
| 2023 | 9.3% | -0.5% |
| 2024 | 9.1% | -1.7% |
| 2025 | 9.0% | -0.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 5.3% | 4.6% | 5.9% | 8 |
| 1990s | 5.7% | 4.6% | 7.0% | 8 |
| 2000s | 7.9% | 6.7% | 9.1% | 10 |
| 2010s | 8.8% | 8.5% | 9.0% | 10 |
| 2020s | 9.7% | 9.0% | 10.8% | 6 |
Countries ranked near World
- 13 United States of America 20.2% compare
- 14 Bermuda 20.0% compare
- 15 Cyprus 19.7% compare
- 16 Central African Republic 19.6% compare
- 17 Guinea 18.3% compare
- 18 Burkina Faso 18.2% compare
- 19 Burundi 15.6% compare
More private sector data for World
- Merchandise trade 43.9% (2025)
- Food imports 8.9% (2024)
- Manufactures imports 67.4% (2024)
- Merchandise imports 26.69 trillion current US$ (2025)
- Food exports 9.1% (2024)
- Manufactures exports 69.3% (2024)
- Merchandise exports 26.39 trillion current US$ (2025)
- Merchandise exports (current US$), per capita 3,212 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.223 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate 7.17 % change on previous year (2025)
Frequently asked questions
- What is insurance and financial services in World?
- Insurance and financial services in World was 9.0% 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 World?
- The highest recorded value was 10.8% in 2020.
- What is the lowest insurance and financial services recorded in World?
- The lowest recorded value was 4.6% in 1990.
- How does World rank for insurance and financial services?
- World ranks 16th out of 45 groups with data for 2025.
- Is insurance and financial services rising or falling in World?
- Over the last ten years it is up 3.7%. The long-run trend across the full record is rising.
- Where does this World 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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CSV · JSON — 42 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.