Insurance and financial services in Dominica
Dominica: Insurance and financial services was 13.0% in 2025. ▲ Rising
Insurance and financial services in Dominica, 1976–2025
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of commercial service imports.
Analysis
In 2025, insurance and financial services in Dominica stood at 13.0%.
The figure is up 13.8% on the previous year and up 3.0% over ten years.
Over the whole period, insurance and financial services in Dominica peaked at 18.6% in 2022 and was at its lowest, 4.4%, in 1985.
That places Dominica 28th out of 197 countries with data for 2025, putting it in the top quarter.
The long-run direction has been consistently rising across the 50 years of available data.
Insurance and financial services in Dominica, year by year
| Year | % of commercial service imports | Change |
|---|---|---|
| 1976 | 9.5% | — |
| 1977 | 8.7% | -8.1% |
| 1978 | 7.6% | -12.1% |
| 1979 | 8.0% | +4.6% |
| 1980 | 7.6% | -4.5% |
| 1981 | 6.5% | -14.4% |
| 1982 | 6.2% | -4.4% |
| 1983 | 6.2% | -0.3% |
| 1984 | 5.4% | -13.9% |
| 1985 | 4.4% | -17.7% |
| 1986 | 8.0% | +81.0% |
| 1987 | 8.2% | +3.4% |
| 1988 | 11.0% | +33.3% |
| 1989 | 12.5% | +14.1% |
| 1990 | 12.0% | -4.2% |
| 1991 | 12.3% | +2.8% |
| 1992 | 7.9% | -36.3% |
| 1993 | 8.8% | +11.5% |
| 1994 | 9.9% | +12.8% |
| 1995 | 9.8% | -1.1% |
| 1996 | 9.9% | +1.3% |
| 1997 | 9.1% | -8.6% |
| 1998 | 10.2% | +12.3% |
| 1999 | 7.9% | -22.6% |
| 2000 | 12.7% | +61.4% |
| 2001 | 11.5% | -9.8% |
| 2002 | 12.4% | +7.8% |
| 2003 | 10.8% | -12.7% |
| 2004 | 10.2% | -5.8% |
| 2005 | 12.9% | +26.7% |
| 2006 | 12.6% | -2.5% |
| 2007 | 13.2% | +5.1% |
| 2008 | 13.3% | +0.7% |
| 2009 | 12.3% | -7.2% |
| 2010 | 11.6% | -5.9% |
| 2011 | 13.6% | +16.9% |
| 2012 | 13.8% | +1.6% |
| 2013 | 13.0% | -5.9% |
| 2014 | 12.4% | -4.0% |
| 2015 | 12.6% | +1.7% |
| 2016 | 9.6% | -24.4% |
| 2017 | 13.0% | +35.7% |
| 2018 | 14.2% | +9.3% |
| 2019 | 14.0% | -1.1% |
| 2020 | 14.7% | +4.8% |
| 2021 | 16.9% | +15.1% |
| 2022 | 18.6% | +9.7% |
| 2023 | 16.8% | -9.7% |
| 2024 | 11.4% | -31.8% |
| 2025 | 13.0% | +13.8% |
Dominica compared with similar countries
- Dominica's 13.0% is above the median for upper middle income countries, which is 6.3%, 2.1× the median. (55 countries reporting)
- Dominica's 13.0% is above the median for Latin America & Caribbean, which is 10.1%, 1.3× the median. (37 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 8.4% | 7.6% | 9.5% | 4 |
| 1980s | 7.6% | 4.4% | 12.5% | 10 |
| 1990s | 9.8% | 7.9% | 12.3% | 10 |
| 2000s | 12.2% | 10.2% | 13.3% | 10 |
| 2010s | 12.8% | 9.6% | 14.2% | 10 |
| 2020s | 15.3% | 11.4% | 18.6% | 6 |
Countries ranked near Dominica
- 25 Iran, Islamic Republic of 13.5% compare
- 26 Saint Vincent and the Grenadines 13.5% compare
- 27 Ethiopia 13.3% compare
- 29 New Zealand 13.0% compare
- 30 Japan 12.9% compare
- 31 Bahamas 12.7% compare
More private sector data for Dominica
- Merchandise trade 39.1% (2025)
- Food imports 25.2% (2023)
- Manufactures imports 53.5% (2023)
- Merchandise imports 259.00 million current US$ (2025)
- Food exports 41.2% (2023)
- Manufactures exports 57.8% (2023)
- Merchandise exports 24.00 million current US$ (2025)
- Merchandise exports (current US$), per capita 364.35 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.0332 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate -17.24 % change on previous year (2025)
Frequently asked questions
- What is insurance and financial services in Dominica?
- Insurance and financial services in Dominica was 13.0% 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 Dominica?
- The highest recorded value was 18.6% in 2022.
- What is the lowest insurance and financial services recorded in Dominica?
- The lowest recorded value was 4.4% in 1985.
- How does Dominica rank for insurance and financial services?
- Dominica ranks 28th out of 197 countries with data for 2025.
- Is insurance and financial services rising or falling in Dominica?
- Over the last ten years it is up 3.0%. The long-run trend across the full record is rising.
- Where does this Dominica 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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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.