Insurance and financial services (% of commercial service imports) by country
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,...
Countries reporting
197
Highest
44.6%
Luxembourg
Lowest
0.0%
Mauritania
Median
6.3%
Years covered
66
1960–2025
Data points
9,492
What the numbers show
Insurance and financial services (% of commercial service imports) is currently reported for 197 countries. The highest value is 44.6% in Luxembourg; the lowest is 0.0% in Mauritania.
The median across all reporting countries is 6.3%, and the mean is 7.7%.
The gap between the highest and lowest reporting country is a factor of about 1,136.
Over the past decade 100 countries rose and 96 fell. The largest increase was in Tajikistan (up 2,739.9%), and the largest decrease in Mauritania (down 94.3%).
Insurance and financial services (% of commercial service imports): full country ranking
| # | Country | Latest | Year | 10-year change | Trend |
|---|---|---|---|---|---|
| 1 | Luxembourg | 44.6% | 2025 | down 23.3% | falling |
| 2 | Bahrain | 33.8% | 2025 | down 39.4% | volatile |
| 3 | Cayman Islands | 30.3% | 2024 | down 13.7% | falling |
| 4 | Libya | 27.7% | 2023 | up 24.6% | volatile |
| 5 | Macao | 23.7% | 2025 | up 50.4% | rising |
| 6 | United States | 23.6% | 2025 | up 30.0% | volatile |
| 7 | Iraq | 21.4% | 2025 | up 22.3% | falling |
| 8 | Democratic Republic of Congo | 20.0% | 2025 | down 13.4% | rising |
| 9 | Bermuda | 19.7% | 2025 | up 50.8% | rising |
| 10 | Tajikistan | 19.5% | 2025 | up 2,739.9% | volatile |
| 11 | Saint Kitts and Nevis | 18.5% | 2025 | up 87.3% | rising |
| 12 | Trinidad and Tobago | 18.4% | 2025 | up 55.1% | volatile |
| 13 | Panama | 17.8% | 2025 | up 5.2% | rising |
| 14 | Cyprus | 17.1% | 2025 | down 33.5% | volatile |
| 15 | Burkina Faso | 16.8% | 2024 | down 8.9% | rising |
| 16 | Nicaragua | 16.3% | 2024 | up 49.4% | volatile |
| 17 | Mexico | 15.8% | 2025 | down 5.9% | rising |
| 18 | Belize | 15.1% | 2025 | down 29.0% | rising |
| 19 | Kenya | 15.0% | 2025 | up 74.0% | rising |
| 20 | Ghana | 14.5% | 2025 | up 693.8% | flat |
| 21 | El Salvador | 14.3% | 2025 | down 23.1% | rising |
| 22 | Ecuador | 13.9% | 2025 | down 4.5% | rising |
| 23 | Iran | 13.5% | 2000 | up 25.4% | rising |
| 24 | Saint Vincent and the Grenadines | 13.5% | 2025 | up 33.6% | rising |
| 25 | Gambia | 13.5% | 2025 | up 6.9% | rising |
| 26 | Ethiopia | 13.3% | 2024 | up 223.0% | rising |
| 27 | Dominica | 13.0% | 2025 | up 3.0% | rising |
| 28 | Oman | 13.0% | 2025 | up 0.3% | rising |
| 29 | New Zealand | 12.9% | 2025 | up 43.6% | rising |
| 30 | Japan | 12.9% | 2025 | up 110.5% | rising |
| 31 | Bahamas | 12.7% | 2024 | up 51.2% | volatile |
| 32 | Hong Kong | 12.6% | 2025 | up 49.0% | rising |
| 33 | Yemen | 12.4% | 2016 | up 66.0% | rising |
| 34 | East Timor | 12.4% | 2025 | up 54.8% | volatile |
| 35 | Dominican Republic | 12.3% | 2025 | down 27.7% | volatile |
| 36 | Togo | 12.2% | 2020 | up 10.9% | rising |
| 37 | Egypt | 12.0% | 2025 | up 16.7% | rising |
| 38 | Chile | 12.0% | 2025 | up 1.6% | volatile |
| 39 | Kyrgyzstan | 11.7% | 2024 | up 471.4% | volatile |
| 40 | Jordan | 11.7% | 2024 | up 6.2% | rising |
| 41 | Bhutan | 11.4% | 2024 | up 425.5% | volatile |
| 42 | Turkey | 10.9% | 2025 | down 29.1% | rising |
| 43 | Pakistan | 10.8% | 2025 | up 87.2% | volatile |
| 44 | Philippines | 10.8% | 2025 | up 87.8% | volatile |
| 45 | Italy | 10.6% | 2025 | down 5.4% | falling |
| 46 | Guatemala | 10.6% | 2025 | down 21.7% | rising |
| 47 | Burundi | 10.6% | 2025 | up 81.8% | volatile |
| 48 | Colombia | 10.5% | 2025 | down 11.8% | rising |
| 49 | France | 10.2% | 2025 | up 82.2% | volatile |
| 50 | Antigua and Barbuda | 10.2% | 2025 | up 14.2% | rising |
| 51 | Turks and Caicos Islands | 10.1% | 2018 | — | rising |
| 52 | Sierra Leone | 10.1% | 2024 | up 113.4% | flat |
| 53 | Bolivia | 10.0% | 2025 | up 42.0% | flat |
| 54 | Costa Rica | 9.9% | 2025 | down 20.9% | rising |
| 55 | United Kingdom | 9.8% | 2025 | up 1.9% | rising |
| 56 | Samoa | 9.6% | 2025 | down 5.6% | volatile |
| 57 | Indonesia | 9.5% | 2025 | up 73.8% | rising |
| 58 | Greece | 9.5% | 2025 | up 11.1% | rising |
| 59 | Ireland | 9.4% | 2025 | down 4.3% | falling |
| 60 | Cameroon | 9.4% | 2024 | up 37.3% | rising |
| 61 | Liberia | 9.2% | 2024 | up 29.6% | volatile |
| 62 | Grenada | 9.1% | 2025 | up 22.1% | rising |
| 63 | Belgium | 9.0% | 2025 | up 33.5% | rising |
| 64 | Cambodia | 8.9% | 2025 | up 39.6% | rising |
| 65 | Armenia | 8.9% | 2025 | up 141.1% | rising |
| 66 | Kuwait | 8.9% | 2025 | up 119.3% | volatile |
| 67 | Canada | 8.9% | 2025 | down 14.1% | rising |
| 68 | Nigeria | 8.8% | 2025 | up 11.1% | rising |
| 69 | Andorra | 8.5% | 2025 | up 198.7% | rising |
| 70 | Honduras | 8.4% | 2025 | up 27.0% | volatile |
| 71 | Germany | 8.3% | 2025 | up 25.1% | volatile |
| 72 | Venezuela | 8.3% | 2025 | up 9.7% | rising |
| 73 | Tanzania | 8.1% | 2024 | up 297.3% | falling |
| 74 | Peru | 8.0% | 2025 | down 1.8% | falling |
| 75 | Guinea | 7.9% | 2024 | down 3.5% | volatile |
| 76 | Central African Republic | 7.9% | 1994 | up 13.1% | rising |
| 77 | Fiji | 7.9% | 2024 | up 6.8% | falling |
| 78 | Georgia | 7.9% | 2025 | down 8.6% | flat |
| 79 | Thailand | 7.6% | 2025 | up 41.4% | rising |
| 80 | Saint Lucia | 7.4% | 2025 | down 8.1% | rising |
| 81 | Zimbabwe | 7.3% | 2024 | down 19.9% | volatile |
| 82 | Angola | 7.1% | 2025 | up 106.1% | rising |
| 83 | Saudi Arabia | 6.8% | 2025 | up 5.6% | volatile |
| 84 | Netherlands | 6.6% | 2025 | up 17.5% | volatile |
| 85 | Mauritius | 6.6% | 2024 | down 16.1% | volatile |
| 86 | Senegal | 6.6% | 2023 | down 36.2% | falling |
| 87 | Mongolia | 6.5% | 2025 | up 9.4% | volatile |
| 88 | Comoros | 6.5% | 2023 | down 46.2% | rising |
| 89 | Uruguay | 6.5% | 2025 | up 1.5% | rising |
| 90 | Lebanon | 6.5% | 2023 | down 28.9% | volatile |
| 91 | Maldives | 6.5% | 2025 | up 35.5% | volatile |
| 92 | Singapore | 6.4% | 2025 | up 35.0% | rising |
| 93 | Barbados | 6.4% | 2017 | up 9.8% | rising |
| 94 | Aruba | 6.4% | 2023 | up 139.0% | volatile |
| 95 | Jamaica | 6.4% | 2025 | down 30.2% | falling |
| 96 | Slovenia | 6.4% | 2025 | up 18.3% | rising |
| 97 | Palau | 6.4% | 2023 | up 124.0% | volatile |
| 98 | Bulgaria | 6.3% | 2025 | down 49.4% | rising |
| 99 | Paraguay | 6.3% | 2025 | down 25.4% | falling |
| 100 | Iceland | 6.2% | 2025 | up 109.7% | falling |
| 101 | Kosovo | 6.2% | 2025 | down 29.2% | flat |
| 101 | Kosovo (UNSCR 1244) | 6.2% | 2025 | down 29.2% | flat |
| 103 | Czechia | 6.1% | 2025 | up 12.4% | falling |
| 104 | Spain | 6.0% | 2025 | down 33.8% | rising |
| 105 | Palestine | 6.0% | 2025 | up 51.4% | rising |
| 106 | South Africa | 5.7% | 2025 | up 33.6% | falling |
| 107 | Gabon | 5.6% | 2015 | down 13.8% | rising |
| 108 | Kazakhstan | 5.6% | 2025 | up 223.9% | rising |
| 109 | Malaysia | 5.6% | 2025 | down 19.6% | rising |
| 110 | Bangladesh | 5.6% | 2025 | down 16.1% | rising |
| 111 | Portugal | 5.3% | 2025 | down 29.5% | rising |
| 112 | Tuvalu | 5.2% | 2023 | down 7.0% | volatile |
| 113 | French Polynesia | 5.2% | 2016 | down 8.8% | rising |
| 114 | Poland | 5.2% | 2025 | down 16.5% | volatile |
| 115 | Croatia | 5.2% | 2025 | down 46.4% | rising |
| 116 | Mozambique | 4.9% | 2025 | down 7.2% | volatile |
| 117 | Nepal | 4.9% | 2025 | up 43.3% | rising |
| 118 | Malawi | 4.9% | 2025 | down 56.1% | volatile |
| 119 | Vanuatu | 4.8% | 2022 | down 54.3% | flat |
| 120 | Switzerland | 4.8% | 2025 | down 17.4% | volatile |
| 121 | Hungary | 4.6% | 2025 | up 29.3% | falling |
| 122 | Bosnia and Herzegovina | 4.6% | 2025 | down 37.8% | falling |
| 123 | New Caledonia | 4.5% | 2016 | up 135.7% | rising |
| 124 | Finland | 4.4% | 2025 | down 31.4% | volatile |
| 125 | Haiti | 4.4% | 2024 | up 705.1% | volatile |
| 126 | Qatar | 4.3% | 2025 | down 54.6% | falling |
| 127 | Romania | 4.3% | 2025 | down 14.9% | falling |
| 128 | Austria | 4.3% | 2025 | down 21.4% | falling |
| 129 | Lithuania | 4.3% | 2025 | up 36.3% | rising |
| 130 | Argentina | 4.2% | 2025 | up 2.7% | falling |
| 131 | Solomon Islands | 4.2% | 2024 | up 3.1% | volatile |
| 132 | Slovakia | 4.1% | 2025 | down 17.0% | falling |
| 133 | Mali | 4.0% | 2024 | up 21.3% | falling |
| 134 | Cote d'Ivoire | 4.0% | 2024 | down 15.6% | falling |
| 135 | Ukraine | 3.9% | 2025 | down 56.6% | falling |
| 136 | Syria | 3.9% | 2010 | up 101.9% | rising |
| 137 | Rwanda | 3.9% | 2024 | up 227.9% | volatile |
| 138 | Guinea-Bissau | 3.9% | 2024 | down 19.3% | falling |
| 139 | Belarus | 3.8% | 2021 | down 30.2% | rising |
| 140 | Curacao | 3.7% | 2023 | up 42.8% | rising |
| 141 | Cape Verde | 3.7% | 2025 | down 27.7% | volatile |
| 142 | Norway | 3.7% | 2025 | down 6.3% | rising |
| 143 | South Korea | 3.6% | 2025 | up 57.5% | volatile |
| 144 | Sudan | 3.6% | 2025 | up 677.7% | volatile |
| 145 | Uzbekistan | 3.5% | 2025 | up 45.9% | falling |
| 146 | San Marino | 3.3% | 2024 | up 47.0% | rising |
| 147 | Uganda | 3.3% | 2025 | down 2.8% | falling |
| 148 | Albania | 3.3% | 2025 | up 2.1% | volatile |
| 149 | Eswatini | 3.3% | 2025 | up 51.4% | volatile |
| 150 | Brazil | 3.2% | 2025 | down 4.3% | rising |
| 151 | Seychelles | 3.1% | 2025 | up 53.8% | volatile |
| 152 | China | 3.1% | 2025 | up 15.6% | falling |
| 153 | Latvia | 3.0% | 2025 | down 61.4% | falling |
| 154 | India | 2.9% | 2025 | down 43.6% | rising |
| 155 | Kiribati | 2.9% | 2025 | up 0.4% | falling |
| 156 | Micronesia (country) | 2.8% | 2014 | up 22.6% | rising |
| 157 | Azerbaijan | 2.7% | 2025 | up 46.6% | rising |
| 158 | Djibouti | 2.7% | 2024 | down 37.8% | falling |
| 159 | Zambia | 2.7% | 2025 | down 75.8% | volatile |
| 160 | Benin | 2.7% | 2023 | down 10.5% | volatile |
| 161 | Tonga | 2.7% | 2025 | up 54.5% | falling |
| 162 | Malta | 2.6% | 2024 | down 92.2% | volatile |
| 163 | Morocco | 2.6% | 2025 | down 15.3% | falling |
| 164 | Sweden | 2.5% | 2025 | down 28.2% | volatile |
| 165 | Australia | 2.5% | 2025 | down 45.4% | falling |
| 166 | Tunisia | 2.4% | 2025 | down 75.2% | falling |
| 167 | Lesotho | 2.3% | 2025 | down 45.0% | volatile |
| 168 | Brunei | 2.3% | 2025 | up 228.7% | volatile |
| 169 | Suriname | 2.2% | 2025 | down 57.8% | rising |
| 170 | Nauru | 2.2% | 2024 | up 213.6% | volatile |
| 171 | Estonia | 2.2% | 2025 | down 36.5% | falling |
| 172 | Algeria | 2.1% | 2025 | down 15.6% | volatile |
| 173 | Sri Lanka | 2.1% | 2025 | down 82.1% | rising |
| 174 | Papua New Guinea | 2.1% | 2024 | down 71.0% | volatile |
| 175 | Congo | 2.1% | 2021 | down 30.0% | rising |
| 176 | Sint Maarten (Dutch part) | 2.0% | 2023 | down 27.5% | rising |
| 177 | Denmark | 1.9% | 2025 | up 13.4% | falling |
| 178 | Moldova | 1.9% | 2025 | up 29.5% | volatile |
| 179 | Namibia | 1.9% | 2024 | down 37.1% | falling |
| 180 | Sao Tome and Principe | 1.8% | 2025 | down 71.9% | falling |
| 181 | Myanmar | 1.7% | 2019 | down 71.7% | volatile |
| 182 | Serbia | 1.7% | 2025 | down 54.9% | falling |
| 183 | Montenegro | 1.6% | 2025 | down 9.5% | volatile |
| 184 | Russia | 1.6% | 2025 | down 59.1% | rising |
| 185 | South Sudan | 1.6% | 2023 | down 91.9% | volatile |
| 186 | Chad | 1.5% | 1994 | down 70.3% | rising |
| 187 | Laos | 1.5% | 2025 | down 22.5% | volatile |
| 188 | Afghanistan | 1.4% | 2020 | down 17.7% | volatile |
| 189 | Israel | 1.3% | 2025 | down 32.8% | volatile |
| 190 | Madagascar | 1.3% | 2025 | up 90.6% | volatile |
| 191 | Guyana | 1.2% | 2023 | down 89.6% | falling |
| 192 | North Macedonia | 1.2% | 2025 | down 67.3% | volatile |
| 193 | Niger | 1.0% | 2024 | down 27.0% | volatile |
| 194 | Faroe Islands | 0.8% | 2011 | down 91.9% | volatile |
| 195 | Botswana | 0.6% | 2025 | down 78.3% | volatile |
| 196 | Marshall Islands | 0.3% | 2021 | down 86.7% | volatile |
| 197 | Mauritania | 0.0% | 2023 | down 94.3% | volatile |
Regions and income groups
Aggregates are excluded from the country ranking above so that a region can never outrank a country.
- North America 21.3%
- Caribbean Small States 14.8%
- Pre-demographic dividend 12.5%
- OECD members 11.8%
- Post-demographic dividend 11.8%
- High income 11.2%
- Latin America & Caribbean 11.1%
- Latin America & the Caribbean (IDA & IBRD countries) 11.1%
- Latin America & Caribbean (excluding high income) 10.9%
- Middle East, North Africa, Afghanistan & Pakistan (IDA & IBRD) 10.0%
- Middle East, North Africa, Afghanistan & Pakistan (excluding high income) 9.9%
- World 9.8%
- IDA blend 9.7%
- Low income 8.9%
- Early-demographic dividend 8.9%
- Arab World 8.8%
- Heavily indebted poor countries (HIPC) 8.8%
- Middle East, North Africa, Afghanistan & Pakistan 8.5%
- Small states 8.4%
- Africa Western and Central 8.3%
- Euro area 8.3%
- Europe & Central Asia (excluding high income) 8.2%
- IDA total 8.2%
- IDA only 7.8%
- European Union 7.7%
- Europe & Central Asia 7.5%
- Least developed countries 7.5%
- Pacific island small states 7.5%
- Sub-Saharan Africa (excluding high income) 7.3%
- Sub-Saharan Africa 7.3%
- Sub-Saharan Africa (IDA & IBRD countries) 7.3%
- East Asia & Pacific 6.7%
- Upper middle income 6.4%
- Africa Eastern and Southern 6.4%
- Low & middle income 6.3%
- Middle income 6.3%
- IDA & IBRD total 6.2%
- IBRD only 6.1%
- Other small states 6.0%
- Lower middle income 5.6%
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 imports which are commercial services provided by non-residents to residents.