Insurance and financial services (% of commercial service imports) in Arab World
Arab World: Insurance and financial services (% of commercial service imports) was 8.8% in 2025. ▼ Falling
Insurance and financial services in Arab World, 2011–2025
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of commercial service imports.
Analysis
The most recent figure for insurance and financial services in Arab World is 8.8%, measured in 2025.
That represents a change of up 0.1% on the previous year and down 13.8% over ten years.
Over the whole period, insurance and financial services in Arab World peaked at 11.8% in 2021 and was at its lowest, 8.8%, in 2024.
That places Arab World 16th out of 47 groups with data for 2025, putting it in the middle of the range.
The long-run direction has been consistently falling across the 15 years of available data.
Insurance and financial services (% of commercial service imports) in Arab World, year by year
| Year | % of commercial service imports | Change |
|---|---|---|
| 2011 | 9.8% | — |
| 2012 | 10.8% | +10.7% |
| 2013 | 10.2% | -6.2% |
| 2014 | 10.1% | -0.3% |
| 2015 | 10.2% | +1.0% |
| 2016 | 9.8% | -4.0% |
| 2017 | 10.0% | +2.1% |
| 2018 | 10.7% | +6.2% |
| 2019 | 10.0% | -6.2% |
| 2020 | 11.3% | +12.9% |
| 2021 | 11.8% | +4.3% |
| 2022 | 9.6% | -18.6% |
| 2023 | 9.0% | -6.5% |
| 2024 | 8.8% | -1.4% |
| 2025 | 8.8% | +0.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 10.2% | 9.8% | 10.8% | 9 |
| 2020s | 9.9% | 8.8% | 11.8% | 6 |
Countries ranked near Arab World
More private sector data for Arab World
- Merchandise trade 53.7% (2025)
- Food imports 12.5% (2023)
- Manufactures imports 60.2% (2023)
- Merchandise imports 1.48 trillion current US$ (2025)
- Commercial service imports 471.77 billion current US$ (2025)
- Food exports 3.5% (2023)
- Manufactures exports 15.1% (2023)
- Merchandise exports 1.59 trillion current US$ (2025)
- Merchandise exports (current US$), per capita 3,163 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.4193 current US$ per US$ of GDP (2025)
Frequently asked questions
- What is insurance and financial services in Arab World?
- Insurance and financial services in Arab World was 8.8% 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 Arab World?
- The highest recorded value was 11.8% in 2021.
- What is the lowest insurance and financial services recorded in Arab World?
- The lowest recorded value was 8.8% in 2024.
- How does Arab World rank for insurance and financial services?
- Arab World ranks 16th out of 47 groups with data for 2025.
- Is insurance and financial services rising or falling in Arab World?
- Over the last ten years it is down 13.8%. The long-run trend across the full record is falling.
- Where does this Arab 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 imports). Statizoid updates them automatically from the source API.
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CSV · JSON — 15 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 imports which are commercial services provided by non-residents to residents.