Insurance and financial services (% of commercial service imports) in East Asia & Pacific
East Asia & Pacific: Insurance and financial services (% of commercial service imports) was 6.7% in 2025. ▲ Rising
Insurance and financial services in East Asia & Pacific, 1996–2025
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 East Asia & Pacific is 6.7%, measured in 2025.
That represents a change of down 1.3% on the previous year and up 46.2% over ten years.
Over the whole period, insurance and financial services in East Asia & Pacific peaked at 7.9% in 2021 and was at its lowest, 2.9%, in 1996.
That places East Asia & Pacific 32nd out of 47 groups with data for 2025, putting it in the middle of the range.
The long-run direction has been consistently rising across the 30 years of available data.
Insurance and financial services (% of commercial service imports) in East Asia & Pacific, year by year
| Year | % of commercial service imports | Change |
|---|---|---|
| 1996 | 2.9% | — |
| 1997 | 4.5% | +55.4% |
| 1998 | 5.2% | +15.3% |
| 1999 | 4.9% | -6.0% |
| 2000 | 4.9% | -0.9% |
| 2001 | 4.9% | +0.9% |
| 2002 | 5.2% | +5.0% |
| 2003 | 5.7% | +10.7% |
| 2004 | 5.6% | -1.6% |
| 2005 | 5.5% | -2.1% |
| 2006 | 6.3% | +13.8% |
| 2007 | 6.1% | -3.0% |
| 2008 | 6.1% | +0.4% |
| 2009 | 6.1% | +0.4% |
| 2010 | 6.9% | +12.2% |
| 2011 | 6.6% | -4.2% |
| 2012 | 6.4% | -2.6% |
| 2013 | 6.4% | +0.2% |
| 2014 | 5.7% | -10.8% |
| 2015 | 4.6% | -20.1% |
| 2016 | 5.0% | +8.3% |
| 2017 | 5.0% | +0.1% |
| 2018 | 4.9% | -0.3% |
| 2019 | 5.2% | +5.1% |
| 2020 | 7.7% | +47.6% |
| 2021 | 7.9% | +2.9% |
| 2022 | 7.6% | -4.0% |
| 2023 | 7.0% | -7.7% |
| 2024 | 6.8% | -2.9% |
| 2025 | 6.7% | -1.3% |
Biggest year-on-year movements
Years where Insurance and financial services (% of commercial service imports) in East Asia & Pacific 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 | +55.4% | 2.9% | 4.5% |
| 2020 | +47.6% | 5.2% | 7.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 4.4% | 2.9% | 5.2% | 4 |
| 2000s | 5.6% | 4.9% | 6.3% | 10 |
| 2010s | 5.7% | 4.6% | 6.9% | 10 |
| 2020s | 7.3% | 6.7% | 7.9% | 6 |
Countries ranked near East Asia & Pacific
- 29 New Zealand 12.9% compare
- 30 Japan 12.9% compare
- 31 Bahamas 12.7% compare
- 32 Hong Kong 12.6% compare
- 33 Yemen 12.4% compare
- 34 East Timor 12.4% compare
- 35 Dominican Republic 12.3% compare
More private sector data for East Asia & Pacific
- Merchandise trade 50.6% (2025)
- Food imports 7.3% (2025)
- Manufactures imports 62.3% (2025)
- Merchandise imports 7.80 trillion current US$ (2025)
- Commercial service imports 2.07 trillion current US$ (2025)
- Food exports 4.4% (2025)
- Manufactures exports 81.2% (2025)
- Merchandise exports 9.23 trillion current US$ (2025)
- Commercial service exports 1.82 trillion current US$ (2025)
- Merchandise exports (current US$), per capita 3,860 current US$ per person (2025)
Frequently asked questions
- What is insurance and financial services in East Asia & Pacific?
- Insurance and financial services in East Asia & Pacific was 6.7% 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 East Asia & Pacific?
- The highest recorded value was 7.9% in 2021.
- What is the lowest insurance and financial services recorded in East Asia & Pacific?
- The lowest recorded value was 2.9% in 1996.
- How does East Asia & Pacific rank for insurance and financial services?
- East Asia & Pacific ranks 32nd out of 47 groups with data for 2025.
- Is insurance and financial services rising or falling in East Asia & Pacific?
- Over the last ten years it is up 46.2%. The long-run trend across the full record is rising.
- Where does this East Asia & Pacific 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.