Insurance and financial services in Europe & Central Asia
Europe & Central Asia: Insurance and financial services was 7.7% in 2025. ▲ Rising
Insurance and financial services in Europe & Central Asia, 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 Europe & Central Asia is 7.7%, measured in 2025.
The figure is up 5.2% on the previous year and up 4.7% over ten years.
Over the whole period, insurance and financial services in Europe & Central Asia peaked at 8.5% in 2021 and was at its lowest, 4.2%, in 1987.
Europe & Central Asia ranks 28th of 47 groups on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 39 years of available data.
Insurance and financial services in Europe & Central Asia, year by year
| Year | % of commercial service imports | Change |
|---|---|---|
| 1982 | 4.5% | — |
| 1983 | 4.2% | -4.9% |
| 1986 | 4.2% | +0.2% |
| 1987 | 4.2% | -0.4% |
| 1988 | 4.7% | +11.9% |
| 1989 | 4.9% | +3.9% |
| 1990 | 5.1% | +3.5% |
| 1994 | 5.4% | +5.7% |
| 1995 | 5.5% | +2.2% |
| 1996 | 5.4% | -0.9% |
| 1997 | 5.7% | +4.0% |
| 1998 | 5.6% | -1.9% |
| 1999 | 5.5% | -1.1% |
| 2000 | 5.2% | -6.0% |
| 2001 | 5.5% | +6.1% |
| 2002 | 6.2% | +13.0% |
| 2003 | 6.2% | -0.6% |
| 2004 | 6.7% | +8.3% |
| 2005 | 6.5% | -2.6% |
| 2006 | 7.1% | +9.9% |
| 2007 | 6.9% | -3.2% |
| 2008 | 7.1% | +2.0% |
| 2009 | 7.5% | +6.4% |
| 2010 | 7.3% | -2.4% |
| 2011 | 7.5% | +2.2% |
| 2012 | 7.2% | -3.6% |
| 2013 | 7.5% | +3.9% |
| 2014 | 7.5% | +0.5% |
| 2015 | 7.3% | -2.9% |
| 2016 | 7.3% | -0.6% |
| 2017 | 7.0% | -4.5% |
| 2018 | 6.8% | -2.9% |
| 2019 | 6.5% | -3.2% |
| 2020 | 8.2% | +25.3% |
| 2021 | 8.5% | +3.7% |
| 2022 | 7.0% | -18.0% |
| 2023 | 7.1% | +1.8% |
| 2024 | 7.3% | +2.7% |
| 2025 | 7.7% | +5.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 4.5% | 4.2% | 4.9% | 6 |
| 1990s | 5.4% | 5.1% | 5.7% | 7 |
| 2000s | 6.5% | 5.2% | 7.5% | 10 |
| 2010s | 7.2% | 6.5% | 7.5% | 10 |
| 2020s | 7.6% | 7.0% | 8.5% | 6 |
Countries ranked near Europe & Central Asia
More private sector data for Europe & Central Asia
- Merchandise trade 62.2% (2025)
- Food imports 10.3% (2024)
- Manufactures imports 68.9% (2024)
- Merchandise imports 10.09 trillion current US$ (2025)
- Food exports 10.6% (2024)
- Manufactures exports 72.8% (2024)
- Merchandise exports 9.97 trillion current US$ (2025)
- Merchandise exports (current US$), per capita 10,690 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.3089 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate 6.75 % change on previous year (2025)
Frequently asked questions
- What is insurance and financial services in Europe & Central Asia?
- Insurance and financial services in Europe & Central Asia was 7.7% 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 Europe & Central Asia?
- The highest recorded value was 8.5% in 2021.
- What is the lowest insurance and financial services recorded in Europe & Central Asia?
- The lowest recorded value was 4.2% in 1987.
- How does Europe & Central Asia rank for insurance and financial services?
- Europe & Central Asia ranks 28th out of 47 groups with data for 2025.
- Is insurance and financial services rising or falling in Europe & Central Asia?
- Over the last ten years it is up 4.7%. The long-run trend across the full record is rising.
- Where does this Europe & Central Asia 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 — 39 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.