Insurance and financial services (% of commercial service imports) in High income
High income: Insurance and financial services (% of commercial service imports) was 11.2% in 2025. ▲ Rising
Insurance and financial services in High income, 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 High income is 11.2%, measured in 2025.
Compared with earlier readings it is up 5.4% on the previous year and up 19.9% over ten years.
Over the whole period, insurance and financial services in High income peaked at 12.0% in 2020 and was at its lowest, 4.1%, in 1983.
That places High income 6th out of 47 groups with data for 2025, putting it in the top quarter.
The long-run direction has been consistently rising across the 44 years of available data.
Insurance and financial services (% of commercial service imports) in High income, year by year
| Year | % of commercial service imports | Change |
|---|---|---|
| 1982 | 4.2% | — |
| 1983 | 4.1% | -1.9% |
| 1984 | 4.3% | +5.2% |
| 1985 | 4.8% | +10.3% |
| 1986 | 4.9% | +3.5% |
| 1987 | 5.2% | +6.3% |
| 1988 | 5.0% | -5.1% |
| 1989 | 4.5% | -9.7% |
| 1990 | 4.8% | +7.2% |
| 1991 | 5.4% | +13.3% |
| 1992 | 6.1% | +12.0% |
| 1993 | 5.9% | -2.8% |
| 1994 | 4.9% | -16.7% |
| 1995 | 5.3% | +6.9% |
| 1996 | 5.2% | -1.0% |
| 1997 | 5.4% | +2.8% |
| 1998 | 5.4% | +0.8% |
| 1999 | 6.9% | +26.9% |
| 2000 | 6.9% | +0.5% |
| 2001 | 7.6% | +10.7% |
| 2002 | 8.3% | +9.2% |
| 2003 | 8.5% | +1.7% |
| 2004 | 8.8% | +3.7% |
| 2005 | 8.6% | -1.7% |
| 2006 | 9.8% | +12.9% |
| 2007 | 10.2% | +4.1% |
| 2008 | 10.1% | -0.2% |
| 2009 | 10.8% | +6.2% |
| 2010 | 10.6% | -1.7% |
| 2011 | 10.2% | -3.8% |
| 2012 | 9.8% | -3.5% |
| 2013 | 9.7% | -1.9% |
| 2014 | 9.6% | -1.1% |
| 2015 | 9.3% | -2.2% |
| 2016 | 9.5% | +1.3% |
| 2017 | 9.3% | -2.2% |
| 2018 | 9.0% | -3.3% |
| 2019 | 9.0% | +0.5% |
| 2020 | 12.0% | +33.0% |
| 2021 | 11.6% | -3.3% |
| 2022 | 10.0% | -13.7% |
| 2023 | 10.2% | +2.3% |
| 2024 | 10.6% | +4.1% |
| 2025 | 11.2% | +5.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 4.6% | 4.1% | 5.2% | 8 |
| 1990s | 5.5% | 4.8% | 6.9% | 10 |
| 2000s | 9.0% | 6.9% | 10.8% | 10 |
| 2010s | 9.6% | 9.0% | 10.6% | 10 |
| 2020s | 10.9% | 10.0% | 12.0% | 6 |
Countries ranked near High income
- 3 Cayman Islands 30.3% compare
- 4 Libya 27.7% compare
- 5 Macao 23.7% compare
- 6 United States 23.6% compare
- 7 Iraq 21.4% compare
- 8 Democratic Republic of Congo 20.0% compare
- 9 Bermuda 19.7% compare
More private sector data for High income
- Merchandise trade 45.2% (2025)
- Food imports 9.1% (2025)
- Manufactures imports 71.4% (2025)
- Merchandise imports 18.36 trillion current US$ (2025)
- Commercial service imports 6.76 trillion current US$ (2025)
- Food exports 8.8% (2025)
- Manufactures exports 67.8% (2025)
- Merchandise exports 17.55 trillion current US$ (2025)
- Commercial service exports 7.69 trillion current US$ (2025)
- Merchandise exports (current US$), per capita 12,325 current US$ per person (2025)
Frequently asked questions
- What is insurance and financial services in High income?
- Insurance and financial services in High income was 11.2% 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 High income?
- The highest recorded value was 12.0% in 2020.
- What is the lowest insurance and financial services recorded in High income?
- The lowest recorded value was 4.1% in 1983.
- How does High income rank for insurance and financial services?
- High income ranks 6th out of 47 groups with data for 2025.
- Is insurance and financial services rising or falling in High income?
- Over the last ten years it is up 19.9%. The long-run trend across the full record is rising.
- Where does this High income 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.