Insurance and financial services in China
China: Insurance and financial services was 3.1% in 2025. ▼ Falling
Insurance and financial services in China, 1982–2025
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 China is 3.1%, measured in 2025.
That represents a change of down 1.8% on the previous year and up 15.6% over ten years.
Over the whole period, insurance and financial services in China peaked at 17.3% in 1995 and was at its lowest, 1.0%, in 1996.
That places China 155th out of 197 countries with data for 2025, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 44 years of available data.
Insurance and financial services in China, year by year
| Year | % of commercial service imports | Change |
|---|---|---|
| 1982 | 4.8% | — |
| 1983 | 6.0% | +25.3% |
| 1984 | 4.6% | -23.2% |
| 1985 | 3.1% | -33.6% |
| 1986 | 4.0% | +32.7% |
| 1987 | 6.1% | +50.2% |
| 1988 | 6.4% | +5.3% |
| 1989 | 5.2% | -18.3% |
| 1990 | 2.3% | -56.3% |
| 1991 | 5.4% | +137.8% |
| 1992 | 3.0% | -45.2% |
| 1993 | 3.1% | +5.2% |
| 1994 | 11.9% | +280.5% |
| 1995 | 17.3% | +45.6% |
| 1996 | 1.0% | -94.0% |
| 1997 | 4.9% | +369.1% |
| 1998 | 7.1% | +45.6% |
| 1999 | 6.6% | -6.8% |
| 2000 | 7.1% | +7.3% |
| 2001 | 7.1% | -0.1% |
| 2002 | 7.2% | +1.3% |
| 2003 | 8.7% | +20.9% |
| 2004 | 8.7% | -0.6% |
| 2005 | 8.8% | +2.0% |
| 2006 | 9.7% | +9.8% |
| 2007 | 8.7% | -10.4% |
| 2008 | 8.4% | -3.0% |
| 2009 | 7.6% | -10.2% |
| 2010 | 8.9% | +17.9% |
| 2011 | 8.3% | -6.9% |
| 2012 | 8.0% | -3.2% |
| 2013 | 7.8% | -2.6% |
| 2014 | 6.4% | -18.8% |
| 2015 | 2.6% | -58.5% |
| 2016 | 3.4% | +29.1% |
| 2017 | 2.8% | -18.1% |
| 2018 | 2.6% | -6.2% |
| 2019 | 2.8% | +7.8% |
| 2020 | 4.4% | +57.4% |
| 2021 | 5.8% | +31.3% |
| 2022 | 5.5% | -5.6% |
| 2023 | 3.9% | -29.1% |
| 2024 | 3.1% | -20.4% |
| 2025 | 3.1% | -1.8% |
China compared with similar countries
- China's 3.1% is below the median for upper middle income countries, which is 6.3%, 49% of the median. (55 countries reporting)
- China's 3.1% is below the median for East Asia & Pacific, which is 5.2%, 59% of the median. (32 countries reporting)
Biggest year-on-year movements
Years where Insurance and financial services in China 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 |
|---|---|---|---|
| 1997 | +369.1% | 1.0% | 4.9% |
| 1994 | +280.5% | 3.1% | 11.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 5.0% | 3.1% | 6.4% | 8 |
| 1990s | 6.3% | 1.0% | 17.3% | 10 |
| 2000s | 8.2% | 7.1% | 9.7% | 10 |
| 2010s | 5.4% | 2.6% | 8.9% | 10 |
| 2020s | 4.3% | 3.1% | 5.8% | 6 |
Countries ranked near China
More private sector data for China
- Merchandise trade 32.6% (2025)
- Food imports 8.1% (2024)
- Manufactures imports 49.3% (2024)
- Merchandise imports 2.58 trillion current US$ (2025)
- Food exports 2.4% (2024)
- Manufactures exports 91.2% (2024)
- Merchandise exports 3.77 trillion current US$ (2025)
- Merchandise exports (current US$), per capita 2,682 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.1934 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate 5.48 % change on previous year (2025)
Frequently asked questions
- What is insurance and financial services in China?
- Insurance and financial services in China was 3.1% 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 China?
- The highest recorded value was 17.3% in 1995.
- What is the lowest insurance and financial services recorded in China?
- The lowest recorded value was 1.0% in 1996.
- How does China rank for insurance and financial services?
- China ranks 155th out of 197 countries with data for 2025.
- Is insurance and financial services rising or falling in China?
- Over the last ten years it is up 15.6%. The long-run trend across the full record is falling.
- Where does this China 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 — 44 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.