Insurance and financial services in IDA blend
IDA blend: Insurance and financial services was 8.8% in 2024. ▲ Rising
Insurance and financial services in IDA blend, 1977–2024
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 IDA blend is 8.8%, measured in 2024. That is the highest value across all 46 years on record.
Compared with earlier readings it is up 10.2% on the previous year and up 43.5% over ten years.
Over the whole period, insurance and financial services in IDA blend peaked at 8.8% in 2024 and was at its lowest, 3.5%, in 1990.
IDA blend ranks 15th of 47 groups on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 46 years of available data.
Insurance and financial services in IDA blend, year by year
| Year | % of commercial service imports | Change |
|---|---|---|
| 1977 | 3.6% | — |
| 1978 | 4.2% | +17.6% |
| 1979 | 3.9% | -5.7% |
| 1980 | 4.6% | +16.7% |
| 1981 | 4.3% | -6.7% |
| 1982 | 4.5% | +3.6% |
| 1983 | 4.3% | -2.6% |
| 1984 | 4.5% | +3.7% |
| 1985 | 4.4% | -2.9% |
| 1986 | 4.1% | -6.5% |
| 1987 | 4.4% | +8.0% |
| 1988 | 4.7% | +6.2% |
| 1989 | 4.0% | -15.4% |
| 1990 | 3.5% | -11.6% |
| 1991 | 4.2% | +20.8% |
| 1992 | 4.1% | -2.2% |
| 1993 | 4.1% | -1.0% |
| 1994 | 4.6% | +11.9% |
| 1995 | 4.9% | +7.2% |
| 1996 | 4.2% | -14.0% |
| 1997 | 5.0% | +18.5% |
| 1998 | 4.8% | -4.0% |
| 1999 | 4.9% | +2.9% |
| 2000 | 4.4% | -10.6% |
| 2001 | 5.1% | +14.2% |
| 2002 | 5.3% | +4.1% |
| 2005 | 4.6% | -11.7% |
| 2006 | 4.7% | +1.9% |
| 2007 | 4.2% | -10.6% |
| 2008 | 5.4% | +27.7% |
| 2009 | 5.0% | -6.7% |
| 2010 | 4.6% | -7.9% |
| 2011 | 5.3% | +14.5% |
| 2012 | 5.8% | +9.5% |
| 2013 | 5.9% | +1.2% |
| 2014 | 6.1% | +4.0% |
| 2015 | 6.3% | +3.1% |
| 2016 | 7.0% | +10.4% |
| 2017 | 6.7% | -4.5% |
| 2018 | 5.7% | -13.9% |
| 2019 | 5.9% | +2.8% |
| 2020 | 7.6% | +29.3% |
| 2021 | 6.8% | -10.7% |
| 2022 | 6.7% | -1.7% |
| 2023 | 8.0% | +19.3% |
| 2024 | 8.8% | +10.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 3.9% | 3.6% | 4.2% | 3 |
| 1980s | 4.4% | 4.0% | 4.7% | 10 |
| 1990s | 4.4% | 3.5% | 5.0% | 10 |
| 2000s | 4.8% | 4.2% | 5.4% | 8 |
| 2010s | 5.9% | 4.6% | 7.0% | 10 |
| 2020s | 7.6% | 6.7% | 8.8% | 5 |
Countries ranked near IDA blend
More private sector data for IDA blend
- Merchandise trade 33.7% (2025)
- Food imports 14.1% (2024)
- Manufactures imports 51.0% (2024)
- Merchandise imports 236.39 billion current US$ (2025)
- Food exports 18.8% (2024)
- Manufactures exports 21.6% (2024)
- Merchandise exports 191.60 billion current US$ (2025)
- Merchandise exports (current US$), per capita 277.76 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.1509 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate 9.76 % change on previous year (2025)
Frequently asked questions
- What is insurance and financial services in IDA blend?
- Insurance and financial services in IDA blend was 8.8% 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 IDA blend?
- The highest recorded value was 8.8% in 2024.
- What is the lowest insurance and financial services recorded in IDA blend?
- The lowest recorded value was 3.5% in 1990.
- How does IDA blend rank for insurance and financial services?
- IDA blend ranks 15th out of 47 groups with data for 2024.
- Is insurance and financial services rising or falling in IDA blend?
- Over the last ten years it is up 43.5%. The long-run trend across the full record is rising.
- Where does this IDA blend 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.