Insurance and financial services in European Union
European Union: Insurance and financial services was 8.0% in 2025. ▲ Rising
Insurance and financial services in European Union, 1976–2025
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 European Union is 8.0%, measured in 2025.
The figure is up 7.4% on the previous year and up 14.3% over ten years.
Over the whole period, insurance and financial services in European Union peaked at 8.5% in 2021 and was at its lowest, 4.4%, in 1976.
European Union ranks 22nd of 47 groups on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 42 years of available data.
Insurance and financial services in European Union, year by year
| Year | % of commercial service imports | Change |
|---|---|---|
| 1976 | 4.4% | — |
| 1977 | 4.4% | +0.3% |
| 1978 | 4.6% | +3.5% |
| 1979 | 4.6% | +0.6% |
| 1980 | 4.5% | -2.8% |
| 1981 | 4.5% | +0.7% |
| 1982 | 4.9% | +7.9% |
| 1983 | 4.6% | -4.7% |
| 1984 | 4.9% | +5.7% |
| 1985 | 5.1% | +5.1% |
| 1986 | 5.0% | -3.1% |
| 1987 | 4.9% | -2.4% |
| 1988 | 5.5% | +12.7% |
| 1989 | 5.7% | +3.9% |
| 1990 | 5.9% | +3.7% |
| 1999 | 5.5% | -7.6% |
| 2000 | 4.6% | -16.5% |
| 2001 | 4.7% | +2.9% |
| 2002 | 5.4% | +16.3% |
| 2003 | 5.1% | -6.7% |
| 2004 | 5.9% | +17.0% |
| 2005 | 5.9% | -0.3% |
| 2006 | 6.3% | +6.6% |
| 2007 | 6.2% | -2.5% |
| 2008 | 6.5% | +5.7% |
| 2009 | 7.1% | +8.3% |
| 2010 | 7.2% | +1.9% |
| 2011 | 7.2% | +0.3% |
| 2012 | 7.1% | -1.2% |
| 2013 | 7.3% | +2.7% |
| 2014 | 7.3% | -0.2% |
| 2015 | 7.0% | -4.1% |
| 2016 | 7.0% | +0.3% |
| 2017 | 6.6% | -5.6% |
| 2018 | 6.5% | -2.0% |
| 2019 | 6.4% | -1.4% |
| 2020 | 8.1% | +27.2% |
| 2021 | 8.5% | +4.4% |
| 2022 | 7.1% | -17.1% |
| 2023 | 7.2% | +2.5% |
| 2024 | 7.4% | +3.0% |
| 2025 | 8.0% | +7.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 4.5% | 4.4% | 4.6% | 4 |
| 1980s | 5.0% | 4.5% | 5.7% | 10 |
| 1990s | 5.7% | 5.5% | 5.9% | 2 |
| 2000s | 5.8% | 4.6% | 7.1% | 10 |
| 2010s | 7.0% | 6.4% | 7.3% | 10 |
| 2020s | 7.7% | 7.1% | 8.5% | 6 |
Countries ranked near European Union
More private sector data for European Union
- Merchandise trade 70.9% (2025)
- Food imports 10.7% (2024)
- Manufactures imports 70.7% (2024)
- Merchandise imports 7.41 trillion current US$ (2025)
- Food exports 11.0% (2024)
- Manufactures exports 76.6% (2024)
- Merchandise exports 7.66 trillion current US$ (2025)
- Merchandise exports (current US$), per capita 16,988 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.3608 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate 6.82 % change on previous year (2025)
Frequently asked questions
- What is insurance and financial services in European Union?
- Insurance and financial services in European Union was 8.0% 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 European Union?
- The highest recorded value was 8.5% in 2021.
- What is the lowest insurance and financial services recorded in European Union?
- The lowest recorded value was 4.4% in 1976.
- How does European Union rank for insurance and financial services?
- European Union ranks 22nd out of 47 groups with data for 2025.
- Is insurance and financial services rising or falling in European Union?
- Over the last ten years it is up 14.3%. The long-run trend across the full record is rising.
- Where does this European Union 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.