Insurance and financial services (% of commercial service imports) in Ecuador
Ecuador: Insurance and financial services (% of commercial service imports) was 13.9% in 2025. ▲ Rising
Insurance and financial services in Ecuador, 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 Ecuador stood at 13.9%.
That represents a change of up 9.4% on the previous year and down 4.5% over ten years.
Over the whole period, insurance and financial services in Ecuador peaked at 16.3% in 2020 and was at its lowest, 1.0%, in 1998.
Ecuador ranks 22nd of 197 countries on this measure, in the top quarter.
The long-run direction has been consistently rising across the 50 years of available data.
Insurance and financial services (% of commercial service imports) in Ecuador, year by year
| Year | % of commercial service imports | Change |
|---|---|---|
| 1976 | 15.4% | — |
| 1977 | 15.1% | -1.7% |
| 1978 | 15.7% | +4.1% |
| 1979 | 15.2% | -3.5% |
| 1980 | 13.3% | -12.6% |
| 1981 | 12.1% | -9.0% |
| 1982 | 8.9% | -26.6% |
| 1983 | 10.3% | +15.9% |
| 1984 | 7.9% | -23.1% |
| 1985 | 6.9% | -13.0% |
| 1986 | 7.9% | +14.3% |
| 1987 | 7.3% | -7.2% |
| 1988 | 8.2% | +13.1% |
| 1989 | 10.6% | +29.0% |
| 1990 | 8.1% | -24.0% |
| 1991 | 7.2% | -11.5% |
| 1992 | 7.1% | -0.8% |
| 1993 | 5.2% | -26.9% |
| 1994 | 5.9% | +12.9% |
| 1995 | 5.8% | -0.4% |
| 1996 | 4.5% | -22.8% |
| 1997 | 3.0% | -34.0% |
| 1998 | 1.0% | -67.0% |
| 1999 | 3.7% | +273.6% |
| 2000 | 3.4% | -8.0% |
| 2001 | 5.5% | +64.6% |
| 2002 | 6.8% | +22.7% |
| 2003 | 7.8% | +14.2% |
| 2004 | 7.4% | -4.5% |
| 2005 | 7.0% | -6.1% |
| 2006 | 6.3% | -9.3% |
| 2007 | 5.8% | -7.9% |
| 2008 | 6.2% | +6.6% |
| 2009 | 6.3% | +0.8% |
| 2010 | 7.9% | +26.5% |
| 2011 | 10.2% | +29.4% |
| 2012 | 12.0% | +17.4% |
| 2013 | 16.3% | +35.5% |
| 2014 | 15.5% | -4.5% |
| 2015 | 14.5% | -6.5% |
| 2016 | 13.4% | -8.0% |
| 2017 | 10.2% | -23.4% |
| 2018 | 9.8% | -3.9% |
| 2019 | 11.2% | +13.9% |
| 2020 | 16.3% | +45.5% |
| 2021 | 11.5% | -29.4% |
| 2022 | 9.7% | -15.7% |
| 2023 | 11.6% | +19.3% |
| 2024 | 12.7% | +9.5% |
| 2025 | 13.9% | +9.4% |
Ecuador compared with similar countries
- Ecuador's 13.9% is above the median for upper middle income countries, which is 6.4%, 2.2× the median. (55 countries reporting)
- Ecuador's 13.9% is above the median for Latin America & Caribbean, which is 10.0%, 1.4× the median. (37 countries reporting)
Biggest year-on-year movements
Years where Insurance and financial services (% of commercial service imports) in Ecuador 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 |
|---|---|---|---|
| 1999 | +273.6% | 1.0% | 3.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 15.3% | 15.1% | 15.7% | 4 |
| 1980s | 9.3% | 6.9% | 13.3% | 10 |
| 1990s | 5.1% | 1.0% | 8.1% | 10 |
| 2000s | 6.2% | 3.4% | 7.8% | 10 |
| 2010s | 12.1% | 7.9% | 16.3% | 10 |
| 2020s | 12.6% | 9.7% | 16.3% | 6 |
Countries ranked near Ecuador
More private sector data for Ecuador
- Merchandise trade 53.6% (2025)
- Food imports 12.1% (2025)
- Manufactures imports 61.5% (2025)
- Merchandise imports 32.65 billion current US$ (2025)
- Commercial service imports 6.27 billion current US$ (2025)
- Food exports 58.7% (2025)
- Manufactures exports 4.6% (2025)
- Merchandise exports 37.15 billion current US$ (2025)
- Commercial service exports 4.08 billion current US$ (2025)
- Merchandise exports (current US$), per capita 2,031 current US$ per person (2025)
Frequently asked questions
- What is insurance and financial services in Ecuador?
- Insurance and financial services in Ecuador was 13.9% 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 Ecuador?
- The highest recorded value was 16.3% in 2020.
- What is the lowest insurance and financial services recorded in Ecuador?
- The lowest recorded value was 1.0% in 1998.
- How does Ecuador rank for insurance and financial services?
- Ecuador ranks 22nd out of 197 countries with data for 2025.
- Is insurance and financial services rising or falling in Ecuador?
- Over the last ten years it is down 4.5%. The long-run trend across the full record is rising.
- Where does this Ecuador 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.