Insurance and financial services in IDA only
IDA only: Insurance and financial services was 8.2% in 2024. ▲ Rising
Insurance and financial services in IDA only, 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 only is 8.2%, measured in 2024. That is the highest value across all 46 years on record.
That represents a change of up 12.8% on the previous year and up 14.0% over ten years.
Over the whole period, insurance and financial services in IDA only peaked at 8.2% in 2024 and was at its lowest, 4.2%, in 1995.
IDA only ranks 21st 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 only, year by year
| Year | % of commercial service imports | Change |
|---|---|---|
| 1977 | 6.4% | — |
| 1978 | 5.0% | -22.7% |
| 1979 | 5.9% | +18.3% |
| 1980 | 6.2% | +6.4% |
| 1981 | 6.0% | -4.2% |
| 1982 | 6.2% | +2.8% |
| 1983 | 6.0% | -3.1% |
| 1984 | 6.1% | +2.2% |
| 1985 | 6.5% | +7.3% |
| 1986 | 6.7% | +2.5% |
| 1987 | 6.0% | -9.8% |
| 1988 | 6.4% | +6.5% |
| 1989 | 6.5% | +0.9% |
| 1990 | 6.2% | -4.1% |
| 1991 | 5.7% | -8.3% |
| 1992 | 6.6% | +15.4% |
| 1993 | 5.1% | -22.7% |
| 1994 | 4.9% | -4.7% |
| 1995 | 4.2% | -12.8% |
| 1997 | 5.3% | +25.0% |
| 1998 | 5.3% | +0.9% |
| 1999 | 5.1% | -5.3% |
| 2000 | 5.4% | +7.5% |
| 2002 | 5.8% | +6.7% |
| 2003 | 5.7% | -2.5% |
| 2004 | 5.5% | -3.0% |
| 2005 | 5.8% | +5.0% |
| 2006 | 5.8% | -0.1% |
| 2007 | 5.2% | -10.1% |
| 2008 | 5.4% | +4.8% |
| 2009 | 5.3% | -2.8% |
| 2010 | 5.4% | +1.7% |
| 2011 | 5.4% | +0.5% |
| 2012 | 6.7% | +24.1% |
| 2013 | 7.0% | +4.5% |
| 2014 | 7.2% | +2.4% |
| 2015 | 6.2% | -13.2% |
| 2016 | 6.9% | +10.8% |
| 2017 | 7.6% | +10.6% |
| 2018 | 7.8% | +3.0% |
| 2019 | 7.3% | -7.0% |
| 2020 | 7.8% | +6.4% |
| 2021 | 8.1% | +5.0% |
| 2022 | 7.4% | -9.8% |
| 2023 | 7.2% | -1.6% |
| 2024 | 8.2% | +12.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 5.7% | 5.0% | 6.4% | 3 |
| 1980s | 6.3% | 6.0% | 6.7% | 10 |
| 1990s | 5.4% | 4.2% | 6.6% | 9 |
| 2000s | 5.5% | 5.2% | 5.8% | 9 |
| 2010s | 6.7% | 5.4% | 7.8% | 10 |
| 2020s | 7.7% | 7.2% | 8.2% | 5 |
Countries ranked near IDA only
More private sector data for IDA only
- Merchandise trade 44.3% (2025)
- Food imports 17.2% (2021)
- Manufactures imports 62.7% (2021)
- Merchandise imports 484.00 billion current US$ (2025)
- Food exports 25.6% (2023)
- Manufactures exports 31.7% (2023)
- Merchandise exports 374.95 billion current US$ (2025)
- Merchandise exports (current US$), per capita 289.07 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.1948 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate 15.35 % change on previous year (2025)
Frequently asked questions
- What is insurance and financial services in IDA only?
- Insurance and financial services in IDA only was 8.2% 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 only?
- The highest recorded value was 8.2% in 2024.
- What is the lowest insurance and financial services recorded in IDA only?
- The lowest recorded value was 4.2% in 1995.
- How does IDA only rank for insurance and financial services?
- IDA only ranks 21st out of 47 groups with data for 2024.
- Is insurance and financial services rising or falling in IDA only?
- Over the last ten years it is up 14.0%. The long-run trend across the full record is rising.
- Where does this IDA only 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
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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.