Insurance and financial services (% of commercial service imports) in Belgium
Belgium: Insurance and financial services (% of commercial service imports) was 9.0% in 2025. ▲ Rising
Insurance and financial services in Belgium, 2002–2025
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of commercial service imports.
Analysis
Belgium recorded 9.0% for insurance and financial services in 2025. That is the highest value across all 24 years on record.
Compared with earlier readings it is up 0.1% on the previous year and up 33.5% over ten years.
Over the whole period, insurance and financial services in Belgium peaked at 9.0% in 2025 and was at its lowest, 5.0%, in 2007.
Belgium ranks 63rd of 197 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 24 years of available data.
Insurance and financial services (% of commercial service imports) in Belgium, year by year
| Year | % of commercial service imports | Change |
|---|---|---|
| 2002 | 7.5% | — |
| 2003 | 7.6% | +2.1% |
| 2004 | 7.7% | +1.0% |
| 2005 | 7.8% | +0.7% |
| 2006 | 7.5% | -3.5% |
| 2007 | 5.0% | -33.8% |
| 2008 | 7.9% | +59.9% |
| 2009 | 8.2% | +2.8% |
| 2010 | 8.6% | +5.9% |
| 2011 | 8.9% | +2.8% |
| 2012 | 8.1% | -8.8% |
| 2013 | 7.8% | -4.0% |
| 2014 | 7.3% | -6.3% |
| 2015 | 6.8% | -7.2% |
| 2016 | 7.1% | +4.7% |
| 2017 | 7.5% | +5.3% |
| 2018 | 6.8% | -8.9% |
| 2019 | 6.9% | +1.6% |
| 2020 | 7.6% | +10.4% |
| 2021 | 8.0% | +4.8% |
| 2022 | 7.7% | -4.0% |
| 2023 | 8.9% | +15.9% |
| 2024 | 9.0% | +1.5% |
| 2025 | 9.0% | +0.1% |
Belgium compared with similar countries
- Belgium's 9.0% is above the median for high income countries, which is 6.4%, 1.4× the median. (72 countries reporting)
- Belgium's 9.0% is above the median for Europe & Central Asia, which is 5.2%, 1.7× the median. (51 countries reporting)
Biggest year-on-year movements
Years where Insurance and financial services (% of commercial service imports) in Belgium 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 |
|---|---|---|---|
| 2008 | +59.9% | 5.0% | 7.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 7.4% | 5.0% | 8.2% | 8 |
| 2010s | 7.6% | 6.8% | 8.9% | 10 |
| 2020s | 8.4% | 7.6% | 9.0% | 6 |
Countries ranked near Belgium
More private sector data for Belgium
- Merchandise trade 152.4% (2025)
- Food imports 12.8% (2025)
- Manufactures imports 65.8% (2025)
- Merchandise imports 537.70 billion current US$ (2025)
- Commercial service imports 170.83 billion current US$ (2025)
- Food exports 13.8% (2025)
- Manufactures exports 69.4% (2025)
- Merchandise exports 568.11 billion current US$ (2025)
- Commercial service exports 158.37 billion current US$ (2025)
- Merchandise exports (current US$), per capita 47,573 current US$ per person (2025)
Frequently asked questions
- What is insurance and financial services in Belgium?
- Insurance and financial services in Belgium 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 Belgium?
- The highest recorded value was 9.0% in 2025.
- What is the lowest insurance and financial services recorded in Belgium?
- The lowest recorded value was 5.0% in 2007.
- How does Belgium rank for insurance and financial services?
- Belgium ranks 63rd out of 197 countries with data for 2025.
- Is insurance and financial services rising or falling in Belgium?
- Over the last ten years it is up 33.5%. The long-run trend across the full record is rising.
- Where does this Belgium 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.
Download this data
CSV · JSON — 24 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.