Insurance and financial services in Dominican Republic
Dominican Republic: Insurance and financial services was 12.3% in 2025. ◆ Volatile
Insurance and financial services in Dominican Republic, 1968–2025
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 Dominican Republic stood at 12.3%.
The figure is up 1.1% on the previous year and down 27.7% over ten years.
Over the whole period, insurance and financial services in Dominican Republic peaked at 22.6% in 2011 and was at its lowest, 3.3%, in 1969.
Dominican Republic ranks 34th of 197 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Insurance and financial services in Dominican Republic, year by year
| Year | % of commercial service imports | Change |
|---|---|---|
| 1968 | 3.4% | — |
| 1969 | 3.3% | -1.2% |
| 1970 | 4.1% | +23.5% |
| 1971 | 4.3% | +5.6% |
| 1972 | 4.5% | +2.6% |
| 1973 | 4.4% | -2.1% |
| 1974 | 5.6% | +27.7% |
| 1975 | 5.0% | -10.9% |
| 1976 | 4.2% | -15.3% |
| 1977 | 3.9% | -6.5% |
| 1978 | 3.5% | -10.4% |
| 1979 | 3.6% | +2.4% |
| 1980 | 4.1% | +14.9% |
| 1981 | 3.9% | -5.5% |
| 1982 | 4.6% | +17.1% |
| 1983 | 4.7% | +1.6% |
| 1984 | 3.9% | -16.2% |
| 1985 | 3.9% | +0.9% |
| 1986 | 3.8% | -4.6% |
| 1987 | 4.5% | +19.8% |
| 1988 | 4.1% | -9.0% |
| 1989 | 4.7% | +13.8% |
| 1990 | 4.1% | -13.0% |
| 1991 | 3.7% | -8.9% |
| 1992 | 4.2% | +14.8% |
| 1993 | 14.1% | +231.2% |
| 1994 | 12.8% | -8.6% |
| 1995 | 10.2% | -20.3% |
| 1996 | 12.9% | +26.1% |
| 1997 | 14.1% | +8.8% |
| 1998 | 13.2% | -5.9% |
| 1999 | 7.0% | -46.8% |
| 2000 | 7.1% | +1.6% |
| 2001 | 8.6% | +20.0% |
| 2002 | 9.2% | +7.3% |
| 2003 | 10.8% | +17.9% |
| 2004 | 9.6% | -11.1% |
| 2005 | 8.4% | -13.1% |
| 2006 | 8.7% | +3.2% |
| 2007 | 7.9% | -8.2% |
| 2008 | 7.4% | -6.7% |
| 2009 | 8.7% | +17.2% |
| 2010 | 18.1% | +108.1% |
| 2011 | 22.6% | +24.9% |
| 2012 | 22.3% | -1.4% |
| 2013 | 20.0% | -9.9% |
| 2014 | 18.5% | -7.5% |
| 2015 | 17.0% | -8.3% |
| 2016 | 14.0% | -17.8% |
| 2017 | 14.3% | +2.1% |
| 2018 | 12.0% | -16.2% |
| 2019 | 11.2% | -6.3% |
| 2020 | 18.5% | +65.3% |
| 2021 | 14.1% | -24.0% |
| 2022 | 15.1% | +7.4% |
| 2023 | 13.2% | -12.5% |
| 2024 | 12.2% | -8.1% |
| 2025 | 12.3% | +1.1% |
Dominican Republic compared with similar countries
- Dominican Republic's 12.3% is above the median for upper middle income countries, which is 6.3%, 2.0× the median. (55 countries reporting)
- Dominican Republic's 12.3% is above the median for Latin America & Caribbean, which is 10.1%, 1.2× the median. (37 countries reporting)
Biggest year-on-year movements
Years where Insurance and financial services in Dominican Republic 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 |
|---|---|---|---|
| 1993 | +231.2% | 4.2% | 14.1% |
| 2010 | +108.1% | 8.7% | 18.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 3.3% | 3.3% | 3.4% | 2 |
| 1970s | 4.3% | 3.5% | 5.6% | 10 |
| 1980s | 4.2% | 3.8% | 4.7% | 10 |
| 1990s | 9.6% | 3.7% | 14.1% | 10 |
| 2000s | 8.6% | 7.1% | 10.8% | 10 |
| 2010s | 17.0% | 11.2% | 22.6% | 10 |
| 2020s | 14.2% | 12.2% | 18.5% | 6 |
Countries ranked near Dominican Republic
More private sector data for Dominican Republic
- Merchandise trade 35.6% (2025)
- Food imports 17.2% (2024)
- Manufactures imports 63.1% (2024)
- Merchandise imports 29.75 billion current US$ (2025)
- Food exports 25.0% (2024)
- Manufactures exports 58.2% (2024)
- Merchandise exports 15.58 billion current US$ (2025)
- Merchandise exports (current US$), per capita 1,352 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.1223 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate 12.31 % change on previous year (2025)
Frequently asked questions
- What is insurance and financial services in Dominican Republic?
- Insurance and financial services in Dominican Republic was 12.3% 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 Dominican Republic?
- The highest recorded value was 22.6% in 2011.
- What is the lowest insurance and financial services recorded in Dominican Republic?
- The lowest recorded value was 3.3% in 1969.
- How does Dominican Republic rank for insurance and financial services?
- Dominican Republic ranks 34th out of 197 countries with data for 2025.
- Is insurance and financial services rising or falling in Dominican Republic?
- Over the last ten years it is down 27.7%. The long-run trend across the full record is volatile.
- Where does this Dominican Republic 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
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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.