Insurance and financial services in Greece
Greece: Insurance and financial services was 8.7% in 2024. ▲ Rising
Insurance and financial services in Greece, 1976–2024
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 Greece is 8.7%, measured in 2024.
That represents a change of down 6.7% on the previous year and down 21.0% over ten years.
Over the whole period, insurance and financial services in Greece peaked at 13.3% in 2012 and was at its lowest, 2.6%, in 2001.
Greece ranks 69th of 197 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 48 years of available data.
Insurance and financial services in Greece, year by year
| Year | % of commercial service imports | Change |
|---|---|---|
| 1976 | 8.0% | — |
| 1977 | 7.3% | -9.8% |
| 1978 | 7.1% | -1.8% |
| 1979 | 6.7% | -5.5% |
| 1980 | 6.5% | -3.4% |
| 1981 | 5.4% | -16.7% |
| 1982 | 4.8% | -11.1% |
| 1983 | 5.1% | +5.1% |
| 1984 | 6.2% | +22.7% |
| 1985 | 6.3% | +1.9% |
| 1986 | 5.4% | -13.9% |
| 1987 | 6.5% | +19.0% |
| 1988 | 5.4% | -17.2% |
| 1989 | 5.2% | -2.7% |
| 1990 | 5.4% | +4.2% |
| 1991 | 4.7% | -12.8% |
| 1992 | 4.4% | -6.8% |
| 1993 | 4.7% | +7.1% |
| 1994 | 4.4% | -6.8% |
| 1995 | 4.5% | +3.0% |
| 1996 | 5.2% | +15.4% |
| 1997 | 5.0% | -4.2% |
| 1999 | 3.3% | -33.8% |
| 2000 | 2.7% | -19.5% |
| 2001 | 2.6% | -2.5% |
| 2002 | 4.5% | +73.8% |
| 2003 | 5.4% | +18.3% |
| 2004 | 4.9% | -8.7% |
| 2005 | 5.6% | +13.8% |
| 2006 | 6.6% | +18.2% |
| 2007 | 8.4% | +26.7% |
| 2008 | 7.0% | -16.3% |
| 2009 | 8.2% | +17.4% |
| 2010 | 9.4% | +14.8% |
| 2011 | 10.0% | +5.4% |
| 2012 | 13.3% | +33.1% |
| 2013 | 12.3% | -7.4% |
| 2014 | 11.0% | -10.2% |
| 2015 | 8.5% | -22.7% |
| 2016 | 9.0% | +5.3% |
| 2017 | 8.2% | -8.2% |
| 2018 | 8.0% | -2.6% |
| 2019 | 7.4% | -7.9% |
| 2020 | 9.0% | +21.9% |
| 2021 | 9.7% | +8.0% |
| 2022 | 8.7% | -10.4% |
| 2023 | 9.3% | +7.0% |
| 2024 | 8.7% | -6.7% |
Greece compared with similar countries
- Greece's 8.7% is above the median for high income countries, which is 6.4%, 1.4× the median. (72 countries reporting)
- Greece's 8.7% is above the median for Europe & Central Asia, which is 5.2%, 1.7× the median. (51 countries reporting)
Biggest year-on-year movements
Years where Insurance and financial services in Greece 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 |
|---|---|---|---|
| 2002 | +73.8% | 2.6% | 4.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 7.3% | 6.7% | 8.0% | 4 |
| 1980s | 5.7% | 4.8% | 6.5% | 10 |
| 1990s | 4.7% | 3.3% | 5.4% | 9 |
| 2000s | 5.6% | 2.6% | 8.4% | 10 |
| 2010s | 9.7% | 7.4% | 13.3% | 10 |
| 2020s | 9.1% | 8.7% | 9.7% | 5 |
Countries ranked near Greece
More private sector data for Greece
- Merchandise trade 52.5% (2025)
- Food imports 13.1% (2024)
- Manufactures imports 54.6% (2024)
- Merchandise imports 92.56 billion current US$ (2025)
- Food exports 21.7% (2024)
- Manufactures exports 37.1% (2024)
- Merchandise exports 54.77 billion current US$ (2025)
- Merchandise exports (current US$), per capita 5,259 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.1952 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate 1.24 % change on previous year (2025)
Frequently asked questions
- What is insurance and financial services in Greece?
- Insurance and financial services in Greece was 8.7% in 2024, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest insurance and financial services recorded in Greece?
- The highest recorded value was 13.3% in 2012.
- What is the lowest insurance and financial services recorded in Greece?
- The lowest recorded value was 2.6% in 2001.
- How does Greece rank for insurance and financial services?
- Greece ranks 69th out of 197 countries with data for 2024.
- Is insurance and financial services rising or falling in Greece?
- Over the last ten years it is down 21.0%. The long-run trend across the full record is rising.
- Where does this Greece 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 — 48 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.